Generous Sustainability

1. Person: Gerlagh, Reyer
Format: Online-Artikel
Sprache: English
Veröffentlicht: Center for Economic Studies and Ifo Institute (CESifo) 2014
Serien: CESifo Working Paper
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Details: I define “generous sustainability” as a combination of two conditions: neither instantaneous maximin income nor attainable maximin income should decrease over time. I provide a formal definition and study applications to an AK economy, a Ramsey economy, and a Climate Economy. Generosity is shown to impose substantially stronger conditions on current actions compared to existing sustainability concepts. As a rule of thumb, generosity requires that GHG emissions are limited to levels that do not cause irreversible system damages if some group of people systematically value these systems.

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