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Financing SD: country undertakings and rights for environmental sustainability

Grafton, R. Quentin; Jotzo, Frank; Wasson, Merrilyn


The paper proposes a global mechanism to finance and promote sustainable development (SD) that is multinational, provides incentives for rich and poor countries to promote SD, incorporates the principle of common but differentiated responsibilities and links incentives and funding for SD to structural benchmarks and performance targets. The mechanism would operate as a large fund into which rich countries would pay based on their level of population, per capita income and change in an...[Show more]

CollectionsANU Research Publications
Date published: 2003
Type: Working/Technical Paper


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