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UNU-WIDER Climate and Industrial Policy in an Asymmetric World

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A teenager wears torn rubber boots in a muddy local market in Bac Ha, Viet Nam. As of 2005 figures, half the world population—more than 3 billion people–is estimated to live on less than USD 2.50 a day. Bac Ha, Viet Nam. UN Photo/Kibae Park.

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WP/79 Climate and Industrial Policy in an Asymmetric World

Climate change is a phenomenon leading to randomly distributed disasters around the globe. Due to massive economic and technical asymmetry between the advanced North and the developing South efficient climate and industrial policy is particular difficult. Globally efficient policy would need to equip the South with pollution reducing technologies. However, there is a tradeoff between capital accumulation for consumption growth and low-carbon development. The pollution stock affecting today’s climate was historically accumulated by the North, therefore, the ‘ability-to-pay principal’ and the ‘polluter pays principle’ suggest to allocate the main burden of climate change policy to the advanced economies.
Publisher:
UNU-WIDER
Series:
WIDER Working Paper
Volume:
2011/79
Title:
WP/79 Climate and Industrial Policy in an Asymmetric World
Authors:
Thomas Gries
Publication date:
November 2011
ISBN 13 Print:
978-92-9230-446-1
Copyright holder:
© UNU-WIDER
Copyright year:
2011
Keywords:
climate change policy, North-South asymmetries, stock pollution, distribution of burdens
JEL:
Q54, Q25, Q14
Project:
Promoting Entrepreneurial Capacity
Sponsor:
UNU-WIDER gratefully acknowledges the financial contributions to the project by the Finnish Ministry for Foreign Affairs, and the financial contributions to the research programme by the governments of Denmark (Ministry of Foreign Affairs), Finland (Finnish Ministry for Foreign Affairs), Sweden (Swedish International Development Cooperation Agency—Sida) and the United Kingdom (Department for International Development).
Format:
online
 
This study has been prepared within a joint project of UNU-MERIT, UNU-WIDER, and UNIDO on Pathways to Industrialization in the 21st Century: New Challenges and Emerging Paradigms.

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