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Unwittingly David Pearce et al revealed the 'Inequivalence Paradox'
The image below shows the international pattern of carbon efficiency & inefficiency using
PPP or 'Purchasing Power Parity' adjusted dollars.
Overall the pattern shown turns 'neo-classical-economics' on its head as the analysis clearly shows
the Inequivalence Paradox where: -
- Low income per capita with low carbon impact per capita is at high efficiency values &
- High income per capita with high carbon impact per capita is at low efficiency values.
This is born out clearly in this international comparison for all countries in 1990.
Imagine if rights were inversely proportional to impact rather proportional to income.