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Climate in the 21st Century

Author

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  • Julia M. Puaschunder

    (The New School, Department of Economics)

Abstract
Climate justice accounts for the most challenging global governance goal. In the current post- COP21 Paris agreement climate change mitigation and adaptation efforts, the financialization of the ambitious goals has leveraged into a blatant demand. In the weighting of the burden of global warming, the benefits of a warming earth have been neglected since recently. Following the introduction of the gains from climate change, this article proposes a model to distribute the benefits of a warming earth in a fair way based on which countries are losing and which countries are winning from a warming earth until 2100. A macroeconomic cost-benefit analysis thereby aids to find the optimum solution on how to distribute climate change benefits and burden within society. When unidimensionally focusing on estimated GDP growth given a warmer temperature, over all calculated models assuming linear, prospect or hyperbolic gains and losses, the world will be gaining more than losing from a warming earth until 2100.

Suggested Citation

  • Julia M. Puaschunder, 2018. "Climate in the 21st Century," Proceedings of the 8th International RAIS Conference, March 26-27, 2018 018, Research Association for Interdisciplinary Studies.
    • Handle: RePEc:smo:tpaper:018
    as

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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Julia M. Puaschunder, 2020. "Environmental Justice," Proceedings of the 16th International RAIS Conference, March 30-31, 2020 0024jmp, Research Association for Interdisciplinary Studies.
    2. Julia M. Puaschunder, 2018. "Climate Wealth of Nations," Proceedings of the 11th International RAIS Conference, November 19-20, 2018 06JP, Research Association for Interdisciplinary Studies.
    3. Julia M. Puaschunder, 2019. "Towards Legal Empirical Macrodynamics: A Research Agenda," Proceedings of the 14th International RAIS Conference, August 19-20, 2019 010JP, Research Association for Interdisciplinary Studies.
    4. Julia M. Puaschunder, 2019. "Mental Temporal Accounting," Proceedings of the 13th International RAIS Conference, June 10-11, 2019 014JP, Research Association for Interdisciplinary Studies.

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    More about this item

    Keywords

    Climate Change; Climate Change Bonds; Climate Change Gains; Climate Change Losses; Climate Justice; Europe; Macroeconomic Modelling; TaxBonds-Transfer Strategy; Taxation; United States; World;
    All these keywords.

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