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Ethics, Equity And The Economics Of Climate Change Paper 1: Science And Philosophy

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  • Stern, Nicholas

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.

Suggested Citation

  • Stern, Nicholas, 2014. "Ethics, Equity And The Economics Of Climate Change Paper 1: Science And Philosophy," Economics and Philosophy, Cambridge University Press, vol. 30(3), pages 397-444, November.
    • Handle: RePEc:cup:ecnphi:v:30:y:2014:i:03:p:397-444_00
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    Cited by:

    1. Nicholas Stern & Joseph E Stiglitz, 2023. "Climate change and growth," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 32(2), pages 277-303.
    2. Stern, Nicholas, 2021. "A time for action on climate change and a time for change in economics," LSE Research Online Documents on Economics 112802, London School of Economics and Political Science, LSE Library.
    3. Tvinnereim, Endre & Mehling, Michael, 2018. "Carbon pricing and deep decarbonisation," Energy Policy, Elsevier, vol. 121(C), pages 185-189.
    4. Stern, Nicholas, 2018. "Public economics as if time matters: Climate change and the dynamics of policy," Journal of Public Economics, Elsevier, vol. 162(C), pages 4-17.
    5. Jaume Masoliver & Miquel Montero & Josep Perelló, 2021. "Jump-Diffusion Models for Valuing the Future: Discounting under Extreme Situations," Mathematics, MDPI, vol. 9(14), pages 1-26, July.
    6. Kanbur, Ravi & Fleurbaey, Marc & Viney, Brody, 2020. "Social Externalities and Economic Analysis," CEPR Discussion Papers 15179, C.E.P.R. Discussion Papers.
    7. J. Atsu Amegashie, 2016. "Public Goods, Signaling, and Norms of Conscientious Leadership," CESifo Working Paper Series 6247, CESifo.
    8. Damian J. Bridge, 2022. "The ethics of climate change: a systematic literature review," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(2), pages 2651-2665, June.
    9. Granqvist, Harry & Grover, David, 2016. "Distributive fairness in paying for clean energy infrastructure," Ecological Economics, Elsevier, vol. 126(C), pages 87-97.
    10. Fleurbaey, Marc & Kanbur, Ravi & Viney, Brody, 2020. "Social Externalities and Economic Analysis," Working Papers 309990, Cornell University, Department of Applied Economics and Management.
    11. Stern, Nicholas, 2021. "A time for action on climate change and a time for change in economics," LSE Research Online Documents on Economics 112808, London School of Economics and Political Science, LSE Library.
    12. Granqvist, Harry & Grover, David, 2016. "Distributive fairness in paying for clean energy infrastructure," LSE Research Online Documents on Economics 66486, London School of Economics and Political Science, LSE Library.
    13. Zerrahn, Alexander, 2017. "Wind Power and Externalities," Ecological Economics, Elsevier, vol. 141(C), pages 245-260.
    14. Julie A. Nelson, 2016. "Male Is a Gender, Too: A Review of Why Gender Matters in Economics by Mukesh Eswaran," Journal of Economic Literature, American Economic Association, vol. 54(4), pages 1362-1376, December.
    15. Laurent JODOIN, 2020. "Nordhaus on philosophy in climate change economics," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 13(2), pages 81-90, November.

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