Seminar paper from the year 2010 in the subject Business economics - Trade and Distribution, grade: 1,0, University of Frankfurt (Main) (Wirtschaftswissenschaften), course: Economics of Climate Change, language: English, abstract: This academic paper targets the intergenerational risk sharing dilemma of the current international policy effort to establish conditions of global cooperation for a global carbon price which could, with an adequate carbon-pricing framework, reduce and share cost of mitigation in an efficient, effective and equitable way helping to decouple growth from greenhouse gas emissions.