Seminars & webinars
16 November, 2017

FEEM-IEFE Joint Seminar on "Intergenerational equity under catastrophic climate change"


Where: Milan
Location:

Bocconi University,
via Sarfatti, 25
20136 Milan
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video-conference (at FEEM Venice) and GoToMeeting broadcast available

Event's Timetable:

h. 12.30 Seminar
In Milan a light lunch will follow the seminar for registered participants.

Information:

Registration is required. Please confirm your participation to:
IEFE Secretary: iefe@unibocconi.it by Tuesday 14 November.
To attend the seminar in Venice or via GoToMeeting, please register here.

Speaker:

Aurelie Mejean, CIRED

Abstract

Climate change raises the issue of intergenerational equity. As climate change threatens irreversible and dangerous impacts, possibly leading to extinction, the most relevant trade-off may not be between present and future consumption, but between present consumption and the mere existence of future generations. To investigate this trade-off, we build an integrated assessment model that explicitly accounts for the risk of extinction of future generations. We compare different climate policies, which change the probability of catastrophic outcomes yielding an early extinction, within the class of variable population utilitarian social welfare functions. We show that the risk of extinction is the main driver of the preferred policy over climate damages. We analyze the role of inequality aversion and population ethics. Usually a preference for large populations and a low inequality aversion favour the most ambitious climate policy, although there are cases where the effect of inequality aversion is reversed.

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This seminar has been jointly organized by FEEM and IEFE, Bocconi University.

Insights
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Intergenerational equity under catastrophic climate change

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