The Ethics of Pollution Pricing

Garth Heutel and J. Paul Kelleher

No 33300, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We survey various ethical issues related to the use of pollution pricing. While pollution pricing, for example in the form of Pigouvian taxes or cap-and-trade systems, is widely used in environmental economics modeling, many moral and ethical assumptions lie behind those models, and many ethical objections to pollution pricing are disregarded. We hope this review will be helpful to environmental economists who are regularly engaged in the use of such models, and in economic reasoning more generally, but who are less familiar with their ethical underpinnings and possible implications.

JEL-codes: H23 Q50 Q52 Q58 (search for similar items in EconPapers)
Date: 2024-12
New Economics Papers: this item is included in nep-ene and nep-env
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