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Ethics, equity and the economics of climate change paper 1: science and philosophy

Stern, Nicholas (2014) Ethics, equity and the economics of climate change paper 1: science and philosophy. Economics and Philosophy, 30 (03). pp. 397-444. ISSN 0266-2671

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Identification Number: 10.1017/S0266267114000297

Abstract

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 their implications. A second and companion paper extends this analysis to the contribution of ethics, economics and politics in understanding policy towards climate change. These tasks must start with the science which tells us that this is a problem of risk management on an immense scale. Risks on this scale take us far outside the familiar policy questions and standard, largely marginal, techniques commonly used by economists; this is a subject that requires the full breadth and depth of what economics has to offer and a much more thoughtful view of ethics than economists usually bring to bear. Different philosophical approaches bring different perspectives on understanding and policy, yet they generally point to the case for strong action to manage climate change.

Item Type: Article
Official URL: http://journals.cambridge.org/action/displayJourna...
Additional Information: ©2014 Cambridge University Press
Divisions: Grantham Research Institute
India Observatory
Climate Change Economics and Policy
Asia Centre
STICERD
Subjects: B Philosophy. Psychology. Religion > BJ Ethics
G Geography. Anthropology. Recreation > GE Environmental Sciences
G Geography. Anthropology. Recreation > GF Human ecology. Anthropogeography
Sets: Research centres and groups > Grantham Research Institute on Climate Change and the Environment
Research centres and groups > India Observatory
Research centres and groups > Centre for Climate Change Economics and Policy (CCCEP)
Research centres and groups > Asia Research Centre
Research centres and groups > Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD)
Date Deposited: 13 Jul 2015 15:07
Last Modified: 20 May 2020 03:05
Funders: Grantham Research Institute on Climate Change and the Environment, Economic and Social Research Council
URI: http://eprints.lse.ac.uk/id/eprint/62705

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