Climate Problems: Market and Ethics
Research output: Chapter in Book/Report/Conference proceeding › Book chapter › Research › peer-review
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.
Original language | English |
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Title of host publication | Market, Ethics and Religion : The Market and its Limitations |
Editors | Niels Kærgård |
Number of pages | 11 |
Publisher | Springer |
Publication date | 2023 |
Pages | 285-295 |
Chapter | 20 |
ISBN (Print) | 978-3-031-08461-4 |
ISBN (Electronic) | 978-3-031-08462-1 |
DOIs | |
Publication status | Published - 2023 |
Series | Ethical Economy |
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Number | 62 |
ISSN | 2211-2707 |
ID: 347894976