Future generations and social justice
Most of the impacts of climate change will fall on future generations and the poor.
Equity and justice are therefore key issues underpinning international climate change policy. This programme explores the distributive consequences of climate change impacts and policies, both between and within generations. It also investigates the ethical foundations of economic models of climate policy.
Social discount rates (SDRs) are used in cost–benefit analysis to determine the present value of future costs and benefits: for example, to determine how much today’s society should invest in … read more »