Tagged: intergenerational equity

The Biden Administration Increases the Social Cost of Carbon - The Changing Climate

Guest Author • Mar 04, 2021 •

• climate change,
• ethical transition,
• intergenerational equity,
• low emissions economy,
• social cost of carbon

Ramin Skibba To turn the tide against climate change, on the day of his inauguration President Joe Biden signed an executive order instituting a raft of policy changes and initiatives. One directed his team to reassess the social cost of carbon. This seemingly obscure concept puts a number on how much damage a metric ton of carbon … Read More

Forests and intertemporal equilibrium - The Dismal Science

Eric Crampton • Feb 17, 2021 •

• carbon pricing,
• Economics,
• emissions trading scheme,
• forestry,
• intergenerational equity

I’m a bit of an ETS-absolutist. Or at least a carbon-pricing absolutist, in a place the size of NZ. I think the Weitzman reasons for preferring a carbon tax to an ETS are second-order relative to political economy considerations, and any weight at all put on switching costs makes it ludicrous to want NZ to flip from an ETS to … Read More