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    The Compensation Fund for Climate Impacts

    Source: Weather, Climate, and Society:;2013:;volume( 005 ):;issue: 003::page 210
    Author:
    Sprinz, Detlef F.
    ,
    von Bünau, Steffen
    DOI: 10.1175/WCAS-D-12-00010.1
    Publisher: American Meteorological Society
    Abstract: limate change is very likely to lead to undesirable climate impacts. How to compensate for such negative impacts at the international level has, hitherto, received little attention. This article reviews the most frequently discussed grounds for legal obligations of states vis-à-vis climate impacts (damages) and concludes that no convincing mechanism has yet been found to compensate climate impacts. The authors outline an architecture for a voluntary, international compensation fund with specialized, independent climate courts. Subsequently, this article addresses three strategic considerations related to the fund, namely, the incentives for founding it, the merits of double proportionality with respect to contributions and payments, as well as the benefits of employing prediction markets to enhance trustworthiness.
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      The Compensation Fund for Climate Impacts

    URI
    https://yetl.yabesh.ir/yetl1/handle/yetl/4232128
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    contributor authorSprinz, Detlef F.
    contributor authorvon Bünau, Steffen
    date accessioned2017-06-09T17:37:46Z
    date available2017-06-09T17:37:46Z
    date copyright2013/07/01
    date issued2013
    identifier issn1948-8327
    identifier otherams-88357.pdf
    identifier urihttp://onlinelibrary.yabesh.ir/handle/yetl/4232128
    description abstractlimate change is very likely to lead to undesirable climate impacts. How to compensate for such negative impacts at the international level has, hitherto, received little attention. This article reviews the most frequently discussed grounds for legal obligations of states vis-à-vis climate impacts (damages) and concludes that no convincing mechanism has yet been found to compensate climate impacts. The authors outline an architecture for a voluntary, international compensation fund with specialized, independent climate courts. Subsequently, this article addresses three strategic considerations related to the fund, namely, the incentives for founding it, the merits of double proportionality with respect to contributions and payments, as well as the benefits of employing prediction markets to enhance trustworthiness.
    publisherAmerican Meteorological Society
    titleThe Compensation Fund for Climate Impacts
    typeJournal Paper
    journal volume5
    journal issue3
    journal titleWeather, Climate, and Society
    identifier doi10.1175/WCAS-D-12-00010.1
    journal fristpage210
    journal lastpage220
    treeWeather, Climate, and Society:;2013:;volume( 005 ):;issue: 003
    contenttypeFulltext
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    DSpace software copyright © 2002-2015  DuraSpace
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