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SUMMARY:Titel: Fair and incentive-compatible allocation of climate finance
  burden (by Anna Stünzi)
DTSTART:20181120T123000Z
DTEND:20181120T140000Z
DTSTAMP:20181008T133937Z
UID:presentation-88.series-5
DESCRIPTION:Reaching the goal of the Paris Agreement of limiting global wa
 rming to well below 2 degrees Celsius above pre-industrial levels requires
  the redirection of financial flows. Parties to the Agreement have agreed 
 to provide US$100 billion annually from 2020 onwards. However\, there is n
 o guidance regarding the distribution of this sum. In this paper\, we deve
 lop a dynamic and incentivecompatible allocation mechanism based on two pi
 llars of a burden sharing mechanism: emission responsibility (ER) and abil
 ity to pay (ATP). Reflecting the Paris principle to “ratchet-up” ambit
 ion\, the proposed burden sharing mechanism rewards countries with ambitio
 us mitigation targets and large investments in green technologies. We find
  that ten countries should bear 50% of the climate finance burden\, while 
 40 should bear 90%. We further show that the inclusion of bunker fuels fro
 m international aviation and shipping (ca. 7% of global GHG emissions) and
  the consideration of future ability to pay\, depending on domestic exposu
 re to future climate damages\, substantially alter the results.
LOCATION:SR Wegener Center\, Brandhofgasse 5\, 1st floor
ORGANIZER;CN="Douglas Maraun";ROLE=CHAIR:MAILTO:douglas.maraun@uni-graz.at
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