Intertemporal evaluation criteria for climate change policy : the basic ethical issues


Buchholz, Wolfgang ; Schymura, Michael


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URL: http://ub-madoc.bib.uni-mannheim.de/3182
URN: urn:nbn:de:bsz:180-madoc-31822
Document Type: Working paper
Year of publication: 2011
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: Q53 ,
Subject headings (SWD): Klimaschutz , Zeitpräferenz , Wirtschaftsethik
Keywords (English): Intertemporal ethics , distribution , discounting , climate change
Abstract: The evaluation of long-term effects of climate change in cost-benefit analysis has a long tradition in environmental economics. Since the publication of the Stern Review in 2006 the debate about the "appropriate" discounting of future welfare and utility levels was revived and the most renowned scholars of the profession participated in this debate. But it seems that some contributions dealing with the Stern Review and the Review itself mixed up normative and positive issues to defend the own position. Furthermore, as we argue in this contribution, it also seems that the debate misses the heart of the problem. The aim of this work is to bring together economic and philosophical reasoning about justice and intergenerational equity in the context of climate change. So we adopt the normative view in order to present the most important ethical issues that, particularly in the context of climate policy, are most relevant for the choice of intertemporal welfare criteria. Subsequently we explore whether ethical considerations may also be helpful to determine the parameter values (or at least to delimit their range) which, after the choice of some type of intertemporal social welfare function, are needed to specify the concrete criterion that is employed to make decisions on climate policy.
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Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Buchholz, Wolfgang ; Schymura, Michael (2011) Intertemporal evaluation criteria for climate change policy : the basic ethical issues. Open Access [Working paper]
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