‘Hot and bothered’ in the greenhouse : the economics of global warming and international finance
Concern about global warming is at the centre of the debate on sustainable development. This and the following section briefly explain why. Most economists agree on a broad definition of the aims of sustainable development. These are to increase average human wellbeing today, without a worsening of...
Concern about global warming is at the centre of the debate on sustainable development. This and the following section briefly explain why. Most economists agree on a broad definition of the aims of sustainable development. These are to increase average human wellbeing today, without a worsening of either the distribution of wellbeing today or the wellbeing of future generations. Sustainable development thus has a tripartite god of an enduring increase in per capita wellbeing, coupled with reductions in poverty, without depleting the resource base on which human advancement is founded. It shares the intergenerational time horizon of the global warming debate.