Climate change winners may owe financial compensation to polluters scienceblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scienceblog.com Daily Mail and Mail on Sunday newspapers.
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Climate change is generally portrayed as an environmental and societal threat with entirely negative consequences. However, some sectors of the global economy may actually end up benefiting.
New economic and philosophical research argues that policymakers must consider both the beneficial effects of climate change to climate winners as well as its costs in order to appropriately incentivize actions that are best for society and for the environment.
The study by researchers from Princeton University, University College Cork, and HEC Montréal appears to be the first to develop a systematic, ethical framework for addressing climate winners as well as those harmed using financial transfers.