publication . Research . 2016

The Economics and Ethics of Human Induced Climate Change

Spash, Clive L.; Gattringer, Clemens;
Open Access English
  • Published: 01 Jun 2016
  • Publisher: WU Vienna University of Economics and Business
Human induced climate change poses a series of ethical challenges to the current political economy, although it has often be regarded by economists as only an ethical issue for those concerned about future generations. The central debate in economics has then concerned the rate at which future costs and benefits should be discounted. Indeed the full range of ethical aspects of climate change are rarely even discussed. Despite recent high profile and lengthy academic papers on the topic the ethical remains at best superficial within climate change economics. Recognising the necessary role of ethical judgment poses a problem for economists who...
free text keywords: Climate change / economics / ethics / carbon budgets / discounting / compensation / harm / intergenerational equity / intragenerational distribution / justice / consequentialism / utilitarianism / incommensurability / risk / uncertainty / cost-benefit analysis / growth economy
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