Richard Endörfer

A world climate bank to the rescue? Transaction costs and the climate bargain approach

In this article, I discuss what I call the “climate bargain” approach to climate ethics as put forward by Broome and Foley. The central idea of this approach is that if the energy transition is to succeed, it must do so by enabling a win-win, or Pareto-improving, bargain between the current emitters of greenhouse gases...