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Ethical issues in the use of cost-benefit analysis of climate change programs
Brown, Donald A.
Brown, Donald A.
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Abstract
"Economic analysis of climate change issues can help policy makers in many ways including identification of the least costly methods to reduce greenhouse gas emissions and how to structure incentives to encourage society's maximum reduction of carbon footprints. Without doubt, economic analyses of climate change reduction strategies are vital to finding the most efficient solutions to human-induced climate change's immense threat. The more low-cost solutions to climate change are found, the more hope there is to reduce climate change's immense menace. Yet there are ethical limits to the use of some economic arguments frequently made in opposition to proposed government action to reduce greenhouse gas emissions.Cost- benefit analysis (CBA) of some environmental regulatory programs can help identify proposed market regulatory interventions whose costs significantly outweigh environmental benefits. Yet CBA of some government environmental programs including climate change emissions reduction strategies often ignore serious ethical limitations on the use of this tool to guide climate change policy." (p.1.
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Preprint
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2008-06
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With permission of the license/copyright holder