Do expectations of fossil fuel owners matter
Bibliographic Data
| ID | 12893128 |
|---|---|
| Authors | Rutger Lazou (0009-0002-6290-4278, University of Graz, corresponding author) |
| Year | 2024 |
| Volume | 20 |
| Issue | 2 |
| Pages | 1-19 |
| Publication date | 2024-08-19 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Global Ethics (JOURNAL) |
| Journal identifiers | ISSN: 1744-9626 • E-ISSN: 1744-9634 |
| Publisher | Routledge (PUBLISHER • GB) |
| DOI | 10.1080/17449626.2024.2382901 |
| OpenAlex | W4401705145 |
| Language | EN |
| Citations received | 1 |
| References cited | 45 |
To avoid the disastrous effects of climate change, a rapid and drastic transition toward a low-carbon society and economy is required. This transition imposes significant transitional losses on some agents given the benefits they can no longer realize. In economic terms, it leads to the stranding of their assets. This article investigates whether fossil fuel owners could refer to their expectations about the benefits of producing their reserves to justify transitional measures such as exemptions from new rules or financial compensations. It criticizes forward-looking views on the normative relevance of expectations and defends a backward-looking view, which justifies limited claims. It contends that states that are responsible for creating false expectations about regulatory stability should provide compensations to fossil fuel companies for the costs of relying on those expectations. States can be held responsible if they caused this expectation-related harm in a foreseeable and avoidable way, which is only the case if the expectation is reasonable and if they were not put under pressure by the lobbying activities of the fossil fuel industry
Business · Economics · Fossil fuel · Natural resource economics · Waste management · Climate Change Policy and Economics · Energy, Environment, and Transportation Policies · Engineering · Global Energy and Sustainability Research
An Introduction to the Theory of Knowledge
A Political Theory of Territory
Transitional assistance policies for just, equitable and smooth low-carbon transitions
Fossil fuel supply and climate policy
Equity, climate justice and fossil fuel extraction
The geographical distribution of fossil fuels unused when limiting global warming to 2 °C
Historical Emissions and Free-Riding
A Luck-Based Moral Defense of Grandfathering
Legitimate Expectations, Historical Injustice, and Perverse Incentives for Settlers
A Theory of Justice
Legitimate Expectations and Land
Utilitarianism as a Public Philosophy
A Theory of Legitimate Expectations for Public Administration
Stranded assets and stranded resources
Can we equitably manage the end of the fossil fuel era
Justice and the distribution of greenhouse gas emissions
Globalization and Responsibility for Human Rights
The Ethics of Burden-Sharing in the Global Greenhouse
Legal Transitions without Legitimate Expectations
A Theory of Legitimate Expectations
Potential emissions of CO2 and methane from proved reserves of fossil fuels
Climate Change Policy
Individual Expectations and Climate Justice
How legitimate expectations matter in climate justice
Asset Revaluation and the Existential Politics of Climate Change
| Citations per year | 0.5 |
|---|---|
| Citation span | 2024 - 2024 (1) |
| Highly cited | No |