Llavador, Humberto G.; Roemer, John E.; Stoerk, Thomas - 2026
The Paris Agreement is designed to increase climate ambition gradually through a process of ratcheting up. What is the … carbon pricing revenues are redistributed across countries in proportion to marginal climate damages. In a quantitative …-income countries and amount to about 0.8% of global GDP annually - an order of magnitude larger than the Paris Agreement's climate …