Climate Adaptation Finance and Justice. A Criteria-Based Assessment of Policy Instruments.

Baatz, Christian (2018) Climate Adaptation Finance and Justice. A Criteria-Based Assessment of Policy Instruments. Analyse & Kritik, 40 (1). pp. 73-106. DOI 10.1515/auk-2018-0004.

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Abstract

Although the international community repetitively pledged considerable amounts of adaptation finance to the global South, only little has been provided so far. Different instruments have been proposed to generate more funding and this paper aims at identifying those that are most suitable to raise adaptation finance in a just way. The instrument assessment is based on the following main criteria: fairness, effectiveness and feasibility. The criteria are applied to four instruments: contributions from domestic budgets, international carbon taxes collected at the national level, border tax adjustments as well as selling emissions allowances in domestic trading schemes. Domestic emission trading schemes and border tax adjustments achieve the best-or rather, the least bad-results. Two further findings are that (feasible) instruments are unable make agents pay for past excessive emissions and that all instruments generate rather small amounts of funding. As a consequence of the latter, adaptation finance will continue to be highly insufficient in all likelihood.

Document Type: Article
Keywords: climate change; adaptation; justice; finance; fairness; effectiveness; feasibility; policy assessment
Research affiliation: Kiel University > Kiel Marine Science
OceanRep > The Future Ocean - Cluster of Excellence
Kiel University
Refereed: Yes
Open Access Journal?: No
DOI etc.: 10.1515/auk-2018-0004
ISSN: 0171-5860
Projects: Future Ocean
Date Deposited: 04 Feb 2019 09:18
Last Modified: 05 Mar 2019 09:32
URI: http://oceanrep.geomar.de/id/eprint/45640

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