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Climate Change, Economic Analysis and Sustainable Development

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  • Emilio Padilla

Abstract

This paper discusses the limitations, omissions and value judgements of the application of conventional economic analysis in the evaluation of climate change mitigation policies. It is argued that these have biased the result of the assessment models towards the recommendation of less aggressive mitigation strategies. Consequently, this paper questions whether they provide appropriate policy recommendations. The unequal distribution of rights implicitly assumed in conventional economic analyses applied to climate change is questioned and an alternative approach considering a distribution of rights consistent with sustainable development is put forward. Finally, the points that an analysis consistent with sustainable development should take into account are presented.

Suggested Citation

  • Emilio Padilla, 2004. "Climate Change, Economic Analysis and Sustainable Development," Environmental Values, White Horse Press, vol. 13(4), pages 523-544, November.
  • Handle: RePEc:env:journl:ev13:ev1323
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    Cited by:

    1. Duro, Juan Antonio & Padilla, Emilio, 2006. "International inequalities in per capita CO2 emissions: A decomposition methodology by Kaya factors," Energy Economics, Elsevier, vol. 28(2), pages 170-187, March.

    More about this item

    Keywords

    Climate change; emissions control; evaluation of policies; future generations; institutional innovations; sustainable development;

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water

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