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| Ross McKitrick |
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| ''Mitigation versus compensation in global warming policy'' |
| ( 2001, Vol. 17 No.2 ) |
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| Policy discussions on global warming are focused on mitigation and adaptation. Here the role of ex post compensation as a substitute for ex ante mitigation is considered. In a simple 2-period model the salient features of the global warming problem suggest mitigation is difficult to motivate. A key problem is that damages are very hard to identify even after the fact. The roles of endogenous private savings and a compensation fund as an alternative to ex ante mitigation are explored. |
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| Keywords: Climate change |
JEL: Q2 - Renewable Resources and Conservation: General
H4 - Publicly Provided Goods: General |
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| Manuscript Received : Dec 17 2001 | | Manuscript Accepted : Dec 17 2001 |
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