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Environmental Values

Climate Change, Economic Analysis and Sustainable Development

Emilio Padilla

Environmental Values 13(2004): 523-544. doi: 10.3197/0963271042772622

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.


KEYWORDS: Climate change, emissions control, evaluation of policies, future generations, institutional innovations, sustainable development

CITATIONS in other Environmental Values articles

The New Prometheans: Technological Optimism in Climate Change Mitigation Modelling.Michael Keary

Aerosol Geoengineering Deployment and Fairness. Toby Svoboda


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