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Resources: Ethics and Economics

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Ethics

A Perfect Moral Storm: Climate Change, Intergenerational Ethics and the Problem of Corruption, Stephen M. Gardiner, University of Washington Download PDF

American Heat: Ethical Problems with the United States' Response to Global Warming, Donald Brown. Maryland: Rowman & Littlefield, 2002. "When the world began to wake up to the global environmental crisis in the 1970s, the United States was the undisputed world leader in environmental policy. Yet, on an unsettling number of international environmental issues – including global warming – the United States has not only forfeited its leadership role but has also too often become the major barrier to protecting the global environment. In American Heat, Donald Brown critically analyzes the U.S. response to global warming, inviting the readers to examine the implicit morality of the U.S. position, and ultimately to help lead the world toward an equitable sharing of the burdens and benefits of protecting the global environment. In short, Brown argues that an ethical focus on global environmental matters is the key to achieving a globally acceptable solution. Donald Brown is director of the Pennsylvania Consortium for Interdisciplinary Environmental Policy and former program manager for United Nations Organizations at the United States Environmental Protection Agency, Office of International Environmental Policy."

The Ethics of Climate Change: Pay Now or Pay More Later, Scientific American American Magazine, June 2008. "Weighing our own prosperity against the chances that climate change will diminish the well-being of our grandchildren calls on economists to make hard ethical judgments."

Stern Review: The Economics of Climate Change, Section 2 Economics, Ethics and Climate Change Download PDF ; and Section 2A.1: Ethical frameworks for climate change Download

Why Do Future Generations Need Protection?, Stephen M. Gardiner, University of Washington Download PDF

Economics

Real Climate Economics "The Real Climate Economics website offers a reader’s guide to the real economics of climate change, an emerging body of scholarship that is consistent with the urgency of the problem as seen from a climate science perspective.

As the climate policy debate intensifies, economic analysis is playing an increasingly central role. The case for inaction is no longer argued on the grounds of skepticism about the science; instead, some have claimed that it will be too expensive to take more than token initiatives. There is now extensive economic analysis that challenges and refutes this idea. The peer-reviewed literature demonstrates that there is rigorous economic support for immediate, large-scale policy responses to the climate crisis.

The articles included . . . generally reflect and build on the following principles:

• Risk and uncertainty are fundamental to the climate problem; the magnitude and the irreversibility of uncertain, but possible, worst-case climate impacts dominate the analysis of policy options.

• Ethics and equity are inseparable from economic analysis; there are deep questions of fairness between rich and poor today, and between present and future generations, at stake in the debate.

• The severity of the problem and the scope of the required response are so great that marginal analysis of small changes and modest adjustments of market-based instruments are inadequate to the task of understanding and protecting the earth’s climate."

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