The Social Cost of Carbon: Valuing Inequality, Risk, and Population for Climate Policy

The Monist 102 (1):84-109 (2019)
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Abstract

We analyze the role of ethical values in the determination of the social cost of carbon, arguing that the familiar debate about discounting is too narrow. Other ethical issues are equally important to computing the social cost of carbon, and we highlight inequality, risk, and population ethics. Although the usual approach, in the economics of cost-benefit analysis for climate policy, is confined to a utilitarian axiology, the methodology of the social cost of carbon is rather flexible and can be expanded to a broader set of social-welfare approaches. [Open access]

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Author Profiles

Kian Mintz-Woo
University College, Cork
Mark Budolfson
University of Texas at Austin
Marc Fleurbaey
Princeton University

Citations of this work

Carbon pricing ethics.Kian Mintz-Woo - 2022 - Philosophy Compass 17 (1):e12803.
What Do Climate Change Winners Owe, and to Whom?Kian Mintz-Woo & Justin Leroux - 2021 - Economics and Philosophy 37 (3):462-483.
Philosophy’s other climate problem☆.Michael Brownstein & Neil Levy - 2021 - Journal of Social Philosophy 52 (4):536-553.
Philosophy’s other climate problem☆.Michael Brownstein & Neil Levy - 2021 - Journal of Social Philosophy 52 (4):536-553.
Fossil fuels.Kian Mintz-Woo - 2023 - In Benjamin Hale, Andrew Light & Lydia A. Lawhon (eds.), Routledge Companion to Environmental Ethics. New York: Routledge. pp. 317-326.

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References found in this work

Reasons and Persons.Joseph Margolis - 1986 - Philosophy and Phenomenological Research 47 (2):311-327.
The Problem of Global Justice.Thomas Nagel - 2005 - Philosophy and Public Affairs 33 (2):113-147.
The Law of Peoples.John Rawls - 2001 - Philosophical Quarterly 51 (203):246-253.
The Law of Peoples.John Rawls - 1993 - Critical Inquiry 20 (1):36-68.

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