In the recent debate about who should provide international climate finance (ICF) to developing countries on concessional terms, some have argued that the ultra-rich should cover a significant proportion of the associated costs. This would apply regardless of the climate responsibilities or level of development of the countries in which the ultra-rich reside. In this article, I examine whether the rich-pay-for-ICF proposal aligns with any reasonable viewpoint on climate justi

This article focuses on the climate change policies that are needed to reduce the greenhouse gas emissions of the ultra-rich, primarily from superyachts, private jets, mega-mansions, and high-emission road vehicles. These are all goods for which demand is inelastic and therefore difficult to curb with Pigouvian policies. The article proposes a comparative analysis of the three main luxury-focused mitigation policies discussed in the literature: bans, luxury carbon taxation an

In this article, I discuss whether, in addition to pricing emissions, we should prohibit a specific category of luxury emissions ...