Hanke, Philip

Climate Change, Environmental Damage and Migration: A Law and Economics Perspective

One of the results of environmental damage and climate change in general can be that large population groups are forced to find a new home. This paper is a first attempt to combine insights from law and economics with the currently hotly debated question of environmental migration. To solve the incentive incompatibilities involved, it discusses a global insurance system as a potential solution, which would give incentives to reduce CO2 emissions, admit environmental migrants, and invest in infrastructure mitigating the effects of environmental degradation in the countries of origin.