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.
We study collective choice when individuals have heterogeneous discounted utilitarian preferences. Two attractive properties of intertemporal preferences are indistinguishable for individuals, but have dramatically different implications for collective choice. Time … read more »