International transfers in climate policy channeled from the industrialized to the developing world either support the mitigation of climate change or the adaptation to global warming. From an allocative efficiency point of view, transfers supporting mitigation tend to be Pareto-improving...

Besides costs and benefits, fairness aspects tend to influence negotiating parties' willingness to join an international agreement on climate change mitigation. Fairness is largely considered to improve the prospects of success of international negotiations and hence measures raising fairness...