All pages with keywords: climate policy
Why do economists describe climate change as a market failure?
When free markets do not maximise society’s welfare, they are said to ‘fail’ and policy intervention may be needed to correct them. Many economists have described climate change as an … read more »
Agreeing to disagree on climate policy
Proceedings of the National Academy of Sciences of the USA. Disagreements about the value of the utility discount rate—the rate at which our concern for the welfare of future people declines with their distance from us in time—are at the heart of the debate about the appropriate intensity of climate policy. read more »
On welfare frameworks and catastrophic climate risks
Journal of Environmental Economics and Management. Recent theoretical work in the economics of climate change has suggested that climate policy is highly sensitive to ‘fat-tailed’ risks of catastrophic outcomes (Weitzman, 2009). read more »
Ethics, equity and the economics of climate change. Paper 2: economics and politics
Both intergenerational and intratemporal equity are central to the examination of policy towards climate change. However, many discussions of intergenerational issues have been marred by serious … read more »
The emerging geographies of climate justice
Climate justice is a well-used concept within the international climate debate yet it has often remained little more than a static ideal. This paper brings together … read more »
The equity-efficiency trade-off environmental policy: evidence from stated preferences
The design of environmental policy raises several equity issues, in particular the distribution of benefits and costs. At the same time, it has often been argued that there is … read more »
Behavioural economics, hyperbolic discounting and environmental policy
This paper reviews some recent research in “behavioural economics” with an application to environmental issues. Empirical results from behavioural economics provide a reminder that human behaviour is context-dependent, implying … read more »
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