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Climate Justice in an Intergenerational Sustainability Framework: A Stochastic OLG Model
Economies Pub Date : 2021-04-01 , DOI: 10.3390/economies9020047
Gianluigi Cisco , Andrea Gatto

Climate justice is conceived as the intertemporal climate equity and equality exchange amongst generations. Sustainability—intended as the interplay amongst the economy, the society, the environment, and the governance—is essential to forge the climate justice theoretical framework. On this base, the study attempts to model the intertemporal choice of the status quo amongst generations in these four domains, making use of an overlapping generations (OLG) model making use of an intertemporal choice framework. The proxies detected are GDP growth (economy), environmental quality (environment), and labor growth, and environmental investment (society) as assumptions. The governance dimension is captured by the difference in wealth between young and old generations. The work aims at replying to the following research question: Which are the conditions for sustainable development such that climate justice holds? The intra-intergenerational exchange is defined in two periods, while the individual provides their preferred economic and environmental choice mix as consumption-saving. This study shows that keeping the business-as-usual scenario, young generations will have to bear the brunt of sustainable development. Additionally, reduced emissions are only achievable with increased efforts by the youth by reducing their leisure and consumption. These facts call for enhanced intergenerational sustainability and climate justice policies.

中文翻译:

代际可持续发展框架中的气候正义:随机OLG模型

气候正义被视为世代之间的跨时期气候公平与平等交流。可持续性(旨在作为经济,社会,环境和治理之间的相互作用)对于建立气候正义理论框架至关重要。在此基础上,本研究试图通过使用跨代选择框架的重叠世代(OLG)模型来模拟这四个域中各代之间的现状跨期选择。所假设的代理是GDP增长(经济),环境质量(环境),劳动力增长和环境投资(社会)。年轻人和老年人之间的财富差异体现了治理方面的内容。该工作旨在回答以下研究问题:气候正义能够满足哪些可持续发展条件?代际交换被定义为两个时期,而个人则提供了他们偏好的经济和环境选择组合,以节省开支。这项研究表明,在保持一切照旧的情况下,年轻一代将不得不承受可持续发展的冲击。另外,只有通过减少青少年的休闲和消费,他们才能通过减少排放来实现减排。这些事实要求加强代际可持续性和气候正义政策。
更新日期:2021-04-01
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