Intergenerational Fairness and Climate Change Adaptation Policy


  • Gunter Stephan Department of Economics and Oeschger Center for Climate Change Research, University of Bern, Switzerland



climate change adaptation policy, intergenerational fairness and equity


Compared to existing needs adaptation policies are lagging behind significantly.Most environmental economists would argue that many adaptation measures such as flood protection have the feature of a local public good, and since benefits accrue to later generations mainly, the public goods issue is the most plausible reason why incentives are often not sufficient to reach the optimal level of adaptation. Within a stylized overlapping generation model, we show that adaptation is subject to severe intergenerational consistency problems, if the generation`s behavior is characterized by pure self-interest. This explains among others why too little is invested into climate change adaptation. We also show that if the distribution of income between generations matters or if generations behave altruistic this consistency problem can be solved and offers possibilities for policy intervention.




How to Cite

Stephan, G. (2023). Intergenerational Fairness and Climate Change Adaptation Policy. Green and Low-Carbon Economy.



Research Articles