Choosing a policy response to climate change seems to demand a population axiology. A formal literature involving impossibility theorems has demonstrated that all possible approaches to population axiology have one or more seemingly counterintuitive implications. This leads to the worry that because axiological theory is radically unresolved, this theoretical ignorance implies serious practical ignorance about what climate policies to pursue. This chapter offers two deflationary responses to this worry. First, it may be that given the actual facts of climate change, all axiologies agree on a particular policy response. In this case, there would be a clear dominance conclusion, and the puzzles of axiology would be practically irrelevant (albeit still theoretically challenging). Second, despite the impossibility results, the authors prove the possibility of axiologies that satisfy bounded versions of all of the desiderata from the population axiology literature, which may be all that is needed for policy evaluation.
The Choice of Discount Rate for Climate Change Policy Evaluation
