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.

Research

Losing the environment: the endowment effect and environmental discounting

Losing the environment: the endowment effect and environmental discounting

It has recently been shown that, when discounting future improvements in the environment, relative prices matter. However, we argue relative prices are not the whole story. Not only is the … read more »