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Agriculture and global climate stabilization: a public good analysis
Author(s) -
Quiggin John
Publication year - 2010
Publication title -
agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.29
H-Index - 82
eISSN - 1574-0862
pISSN - 0169-5150
DOI - 10.1111/j.1574-0862.2010.00494.x
Subject(s) - entitlement (fair division) , agriculture , global public good , public good , global warming , natural resource economics , economics , global climate , climate change , business , environmental resource management , ecology , microeconomics , biology
The stabilization of global climate presents one of the most complex problems in public good provision the world has faced. Continuation of “business as usual” policies, leading to warming of more than 2 degrees over the next year, will produce significant damage to agricultural systems and catastrophic damage to the natural ecosystems that ultimately support agriculture. The best solution to the public goods problem is a “contract and converge” agreement in which the ultimate outcome is a common global entitlement to CO 2 emissions per person.