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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
scientific uncertainty about the effects of increased greenhouse gas concentrations on climate. Criticisms of this controversial …
Persistent link: https://www.econbiz.de/10010199723
Uncertainty is prevalent in the context of climate change impacts. Moreover, the distribution across the globe is not …
Persistent link: https://www.econbiz.de/10010404114
scientific uncertainty about the effects of increased greenhouse gas concentrations on climate. Criticisms of this controversial …
Persistent link: https://www.econbiz.de/10013127841
Uncertainty is prevalent in the context of climate change impacts. Moreover, the distribution across the globe is not …
Persistent link: https://www.econbiz.de/10013046999
scientific uncertainty about the effects of increased greenhouse gas concentrations on climate. Criticisms of this controversial …
Persistent link: https://www.econbiz.de/10013315705
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
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/10013300870
Building on Rawls' theory of justice and Sen's theory of capabilities, I present an outline of social justice under climate shocks, illustrating it with the experiences of persons with disability. Social justice holds when inequality is responded to by rules that afford more primary goods, such...
Persistent link: https://www.econbiz.de/10013549974
is comparable to numeric models used in policy advising. Uncertainty surrounding climate change remains large. The closed …-form expressions of welfare loss from shocks and epistemological uncertainty identify the interaction of (intertemporal) risk attitude …, distributional moments, and the climatic shadow values. Welfare gains from reducing uncertainty about temperature feedbacks are much …
Persistent link: https://www.econbiz.de/10011305430