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Drawing on recent examples of the Paris Agreement talks and Trump's vivid efforts to make America's energy potential great again, I argue that attempts to resolve the issue of climate change through the constrained channels of an international environmental treaty would eventually fail. From the...
Persistent link: https://www.econbiz.de/10012899958
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. Showing that Rawls’ “A Theory of Justice” (1971) can consistently meet the identified demands, I verify that it is an … appropriate theory for deriving a conception of ecological justice. …. Showing that Rawls' "A Theory of Justice" (1971) can consistently meet the identified demands, I verify that it is an …
Persistent link: https://www.econbiz.de/10009009069
This paper investigates how one can derive "fair" allocation shares for renewable and non-renewable resources from a Rawlsian standpoint. Since there are competing interests over limited resources both within and between generations, it is argued that the respective trade-offs call for a more...
Persistent link: https://www.econbiz.de/10009524437
The prevailing literature discusses intergenerational trade-offs predominantly in infinitely-lived agent models despite the finite lifetime of individuals. We discuss these trade-offs in a continuous time OLG framework and relate the results to the infinitely-lived agent setting. We identify...
Persistent link: https://www.econbiz.de/10008746466
Climate change is an externality since those who emit greenhouse gases do not pay the long-term negative consequences of their emissions. In view of the resulting inefficiency, it has been claimed that climate policies can be evaluated by the Pareto principle. However, climate policies lead to...
Persistent link: https://www.econbiz.de/10012817856
To mitigate climate change, some governments opt for instruments focused on investment, like performance standards or feebates, instead of carbon prices. We compare these policies in a Ramsey model with clean and polluting capital, irreversible investment and a climate constraint. Alternative...
Persistent link: https://www.econbiz.de/10011662054
This paper focuses on two equity dimensions of climate policy, intra- and intergenerational equity, and analyzes the implications of equity preferences on climate policy, and on the production and consumption patterns in rich and poor countries. We develop a dynamic two-region model, in which...
Persistent link: https://www.econbiz.de/10009754514
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Are the probable future negative effects of climate change an argument for decreasing the discount rate to promote the interests of future generations? The analysis of the present paper suggests that such stronger intergenerational altruism might undermine future wellbeing if not complemented by...
Persistent link: https://www.econbiz.de/10011440402