Climate Wealth of Nations
Climate Wealth of Nations

Author(s): Julia M. Puaschunder
Subject(s): Economic development, Socio-Economic Research
Published by: Scientia Moralitas Research Institute
Keywords: Climate; Climate Wealth; climate justice;
Summary/Abstract: A 3-dimensional climate justice approach introduces to share the benefits and burden of climate change in an economically efficient, legally equitable and practically feasible way around the globe. Climate justice within a country pays tribute to low and high-income households carrying the same burden proportional to their dispensable income through consumption tax, progressive carbon taxation and a corporate inheritance tax. Climate change burden sharing between countries ensures those countries benefiting more from a warmer environment bear higher responsibility regarding climate change mitigation and adaptation. Climate justice over time is proposed by an innovative bonds climate change burden sharing strategy (Puaschunder, 2018, forthcoming).

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