Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 04 April 2020

Abstract and Keywords

The aim of this article is to consider, from an ethical point of view, the role that economics should play in evaluating climate change strategies. It sets out a view of the strengths and weaknesses of economic evaluation of climate change strategies. The main strength of the economic approach is argued to be the formal framework through which it is able to compare human well-being across time, space, and states of nature, under alternative courses of action. But its main weakness is the substance of that comparison — utility, as the satisfaction of preferences for the aggregate consumption of goods and services. Furthermore, this article draws on the work of John Broome (1999) and Amartya Sen (1987), among others, to argue that the strength of the economic approach lies in its emphasis on interdependence and comparability of changes to human well-being.

Keywords: climate strategies, economics, human well-being, economic evaluation, climate debate

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.