A grand bargain for climate mitigation, adaptation and compensation

Per capita carbon consumption is vastly lower where most of the world’s most vulnerable live, yet the burden of climate change is projected to fall almost entirely on these countries.

We propose a bold new vision for international climate cooperation with a proposed accord that would provide unrestricted climate finance compensation from OECD countries to LMICs in exchange for the adoption of carbon pricing.

+ READ THE PROPOSAL

Those who
emit,
compensate

Every ton of carbon has a cost, and that cost can – and should – be returned to those who suffer most from its effects. We call this F.A.I.R.—Foreseeable, Automatic, Immediate, and Regular.

A possible, fair, and direct climate path.

FUNDS
ALLOCATED INTO
THREE PILLARS

In 2024, this would have cost $737 billion, much less than the full value of the mortality damages imposed by emissions.This is approximately 1% of the OECD GDP.

Pillar 1 / Individual transfers
Universal Basic Income (UBI) for all adults or Weather Triggered Basic Income (WTBI) in countries where damages owned are insufficient to fund a UBI.

Pillar 2 / Community block grants
Direct annual grants to communities, for repairs, protect households collectively, and to undertake protective investments.

Pillar 3 / Government insurances
Disaster insurance fund for countries for which access to market finance is most limiting, proportional to loss of lives.

The money should
come from those
who emit the most

Great fortunes, great profits,
massive emissions

With a small fraction of this concentrated wealth, we can change the course of the planet. It is not charity. It is about recognizing the damage, compensating for the impacts, and creating justice through cooperation.

podcast

É a economia, COP! A Hora entrevista André Corrêa do Lago, presidente da COP30

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presentation

Just economics: A Grand Bargain for Adaptation, Mitigation, and Compensation. A Global Climate Proposal

Access

video

Tax the Rich — and Save the Planet | Esther Duflo | TED

Access

A grand bargain for climate mitigation, adaptation and compensation

Per capita carbon consumption is vastly lower where most of the world’s most vulnerable live, yet the burden of climate change is projected to fall almost entirely on these countries.

We propose a bold new vision for international climate cooperation with a proposed accord that would provide unrestricted climate finance compensation from OECD countries to LMICs in exchange for the adoption of carbon pricing.

Those who
emit,
compensate

Every ton of carbon has a cost, and that cost can – and should – be returned to those who suffer most from its effects. We call this F.A.I.R.—Foreseeable, Automatic, Immediate, and Regular.

A possible, fair, and direct climate path.

FUNDS
ALLOCATED INTO
THREE PILLARS

In 2024, this would have cost $737 billion, much less than the full value of the mortality damages imposed by emissions.This is approximately 1% of the OECD GDP.

Pillar 1 / Individual transfers
Universal Basic Income (UBI) for all adults or Weather Triggered Basic Income (WTBI) in countries where damages owned are insufficient to fund a UBI.

Pillar 2 / Community block grants
Direct annual grants to communities, for repairs, protect households collectively, and to undertake protective investments.

Pillar 3 / Government insurances
Disaster insurance fund for countries for which access to market finance is most limiting, proportional to loss of lives.

The money should
come from those
who emit the most

Great fortunes, great profits,
massive emissions

With a small fraction of this concentrated wealth, we can change the course of the planet. It is not charity. It is about recognizing the damage, compensating for the impacts, and creating justice through cooperation.

podcast

É a economia, COP! A Hora entrevista André Corrêa do Lago, presidente da COP30

presentation

Just economics: A Grand Bargain for Adaptation, Mitigation, and Compensation. A Global Climate Proposal

video

Tax the Rich — and Save the Planet | Esther Duflo | TED

Abhijit Banerjee

Esther Duflo

Michael Greenstone

A F.A.I.R. change. A new hope for our planet. The time is now.

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A grand bargain for climate mitigation, adaptation and compensation

​​Per capita carbon consumption is vastly lower where most of the world’s most vulnerable live, yet the burden of climate change is projected to fall almost entirely on these countries.

We propose a bold new vision for international climate cooperation with a proposed accord that would provide unrestricted climate finance compensation from OECD countries to LMICs in exchange for the adoption of carbon pricing.

Those whoemit,compensate

Every ton of carbon has a cost, and that cost can – and should – be returned to those who suffer most from its effects. We call this F.A.I.R.—Foreseeable, Automatic, Immediate, and Regular.

A possible, fair, and direct climate path.

FUNDSALLOCATED INTOTHREE PILLARS

In 2024, this would have cost $737 billion, much less than the full value of the mortality damages imposed by emissions.This is approximately 1% of the OECD GDP.

Pillar 1 / Individual transfersUniversal Basic Income (UBI) for all adults or Weather Triggered Basic Income (WTBI) in countries where damages owned are insufficient to fund a UBI.

Pillar 2 / Community block grants Direct annual grants to communities, for repairs, protect households collectively, and to undertake protective investments.

Pillar 3 / Government insurancesDisaster insurance fund for countries for which access to market finance is most limiting, proportional to loss of lives.

The money shouldcome from thosewho emit the most

Great fortunes, great profits,massive emissions

With a small fraction of this concentrated wealth, we can change the course of the planet. It is not charity. It is about recognizing the damage, compensating for the impacts, and creating justice through cooperation.

podcast

É a economia, COP! A Hora entrevista André Corrêa do Lago, presidente da COP30

presentation

Just economics: A Grand Bargain for Adaptation, Mitigation, and Compensation. A Global Climate Proposal

video

Tax the Rich — and Save the Planet | Esther Duflo | TED

Gerenciar Consentimento de Cookies

Per capita carbon consumption is vastly lower where most of the world’s most vulnerable live, yet the burden of climate change is projected to fall almost entirely on these countries.

Those who
emit,
compensate

FUNDS
ALLOCATED INTO
THREE PILLARS

Pillar 1 / Individual transfers
Universal Basic Income (UBI) for all adults or Weather Triggered Basic Income (WTBI) in countries where damages owned are insufficient to fund a UBI.

Pillar 2 / Community block grants
Direct annual grants to communities, for repairs, protect households collectively, and to undertake protective investments.

Pillar 3 / Government insurances
Disaster insurance fund for countries for which access to market finance is most limiting, proportional to loss of lives.

The money should
come from those
who emit the most

Great fortunes, great profits,
massive emissions