Should we pay now to try to rein in global warming

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Case STudy: Climate change presents us with a moral dilemma that we cannot escape. The problem presented by climate change and our attempts to solve it will affect not only us but also our children and grandchildren. Climate change is no ordinary puzzle: it's a serious intergenerational challenge. Here's one way of expressing it:

It boils down to this: We benefit mightily from burning cheap coal and will shoulder most of the expense associated with switching the global economy to low-carbon fuel sources. But our grandchildren and great-grandchildren will pay the price for our profligate energy ways and will reap the majority of the benefit of our shift to cleaner-burning fuels.*

Question: Should we pay now to try to rein in global warming and its awful effects, or should we let our kids pay? Do we have moral obligations to future generations, to people who don't yet exist? If we do have obligations to them, how much should we sacrifice now to do our duty?

Reference no: EM133442217

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