New economic and philosophical research argues that policymakers must consider both the beneficial effects of climate change to “climate winners” as well as its costs in order to appropriately incentivize actions that are best for society and for the environment.
New economic and philosophical research argues that policymakers must consider both the beneficial effects of climate change to “climate winners” as well as its costs in order to appropriately incentivize actions that are best for society and for the environment.
The study by researchers from Princeton University, University College Cork, and HEC Montréal appears to be the first to develop a systematic, ethical framework for addressing climate winners — as well as those harmed — using financial transfers.
Their approach, called “Polluter Pays, Then Receives,” requires polluters to first compensate those most harmed by climate change. Subsequently, polluters would be eligible to receive compensation from those who are passively benefiting from climate change.
Read More: Princeton University, Woodrow Wilson School of Public and International Affairs
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