Green Bonds and Diversified Interest Rates
نویسندگان
چکیده
The climate change crisis has gained unprecedented urgency in the most recent decade. Overall, already led to and will continuously lead irreversible tipping points lock-ins that degrade common welfare. When taking a closer look at macroeconomic growth prospects as measured Gross Domestic Product (GDP), gains losses be distributed fairly unequally throughout world. A winners losers index generated economic under around attributed gain loss based on medium temperature per country relation optimum for productivity GDP composition order determine how far countries are deviating from their levels time scale. As warming earth globe, ethical imperatives pledge redistribute losing territories quest justice. Climate justice comprises fairness between but also over generations unique tax-and-bonds distribution strategy. winning advised use taxation raise revenues offset incurred by change. could issuing bonds have paid back taxing future generations. Regarding taxation, within countries, foremost gaining sectors should taxed. pay tribute fact low- high-income households share same burden proportional dispensable income, instance enabled through progressive carbon taxation. Those who caused regulated bear higher cost tax combination with retroactive billing inheritance map benefits past wealth accumulation potentially contributed global warming. novel policy recommendation enacting entails diversified interest rate regimes repayment country’s initial position spectrum. Diversified of is new method aimed ensuring society an economically efficient, legally equitable practically feasible way.
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ژورنال
عنوان ژورنال: Social Science Research Network
سال: 2021
ISSN: ['1556-5068']
DOI: https://doi.org/10.2139/ssrn.3926790