All pages with keywords: economics
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 »
Why does climate change get described as a stock-flow problem?
Economists often describe climate change as a ‘stock-flow’ problem. This refers to the fact that the greenhouse effect, and in turn climate change, depends on the concentration of greenhouse gases … read more »
What is the polluter pays principle?
The ‘polluter pays’ principle is the commonly accepted practice that those who produce pollution should bear the costs of managing it to prevent damage to human health or the environment. … 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 »
Ethics, equity and the economics of climate change. Paper 1: science and philosophy
This paper examines a broad range of ethical perspectives and principles relevant to the analysis of issues raised by the science of climate change and explores … 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 »
From efficiency to justice: utility as the informational basis of climate change strategies, and some alternatives
The aim of this paper is to consider, from an ethical point of view, the role that economics should play in evaluating climate change strategies. Economics has … read more »
New frontiers in the economics of climate change
New frontiers in the economics of climate change read more »
Filter by programme
- All FAQs
- Adaptation and development
- Carbon trading and finance
- Ecosystems, resources and the natural environment
- Energy, technology and trade
- Future generations and social justice
- Growth and the economy
- International environmental negotiations
- Modelling and decision making
- Private sector adaptation, risk and insurance
