Climate Problems: Market and Ethics
Research output: Chapter in Book/Report/Conference proceeding › Book chapter › Research › peer-review
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Climate Problems : Market and Ethics. / Halsnæs, Kirsten; Kærgård, Niels.
Market, Ethics and Religion: The Market and its Limitations. ed. / Niels Kærgård. Springer, 2023. p. 285-295 (Ethical Economy; No. 62).Research output: Chapter in Book/Report/Conference proceeding › Book chapter › Research › peer-review
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TY - CHAP
T1 - Climate Problems
T2 - Market and Ethics
AU - Halsnæs, Kirsten
AU - Kærgård, Niels
PY - 2023
Y1 - 2023
N2 - The climate crisis is the major global problem of our time. As markets like those for energy have had a crucial role in the development of this problem, their management is a crucial precondition for its resolution. However, this is far from simple in light of classic market failures in respect of, for example, externalities and public goods. This is not a matter of short-term effects but of longer-term impacts lasting decades and centuries. This raises ethical issues about relations between the generations, and thus long-term sustainability. As a global problem, the climate crisis also requires international burden-sharing. Finally, the uncertainties involved are huge, especially in assessing the various tipping points. The role of economics and ethics in handling these problems is the topic of this chapter.
AB - The climate crisis is the major global problem of our time. As markets like those for energy have had a crucial role in the development of this problem, their management is a crucial precondition for its resolution. However, this is far from simple in light of classic market failures in respect of, for example, externalities and public goods. This is not a matter of short-term effects but of longer-term impacts lasting decades and centuries. This raises ethical issues about relations between the generations, and thus long-term sustainability. As a global problem, the climate crisis also requires international burden-sharing. Finally, the uncertainties involved are huge, especially in assessing the various tipping points. The role of economics and ethics in handling these problems is the topic of this chapter.
U2 - 10.1007/978-3-031-08462-1-20
DO - 10.1007/978-3-031-08462-1-20
M3 - Book chapter
SN - 978-3-031-08461-4
T3 - Ethical Economy
SP - 285
EP - 295
BT - Market, Ethics and Religion
A2 - Kærgård, Niels
PB - Springer
ER -
ID: 347894976