Review of Environmental Economics and Policy Studies
Online ISSN : 2188-2495
Print ISSN : 1882-3742
ISSN-L : 1882-3742
Research Survey
A Typology of Future Generations Consideration Institutions:
Towards Intergenerationally Fair Society
Masakazu OgamiTomohiro Tasaki
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JOURNAL FREE ACCESS

2023 Volume 16 Issue 1 Pages 1-10

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Abstract

Attempts to consider the interests and rights of future generations are gaining academic and public attention as harmful effects of political short-termism, such as delay in climate action, become tangible. We summarize four potential sources of political short-termism and two normative reasons in favor of addressing it. Subsequently, we categorize real-world examples of future generations consideration institutions into eleven types and review them. The functions of these institutions can be classified into monitoring and fostering. The monitoring function plays a role in checking whether regulated entities appropriately consider the interests and rights of future generations when making decisions. The fostering function encourages decision-makers to engage in long-term thinking. Finally, we discuss the limitations of each type of institution and present recommendations for future research.

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© 2023 Society for Environmental Economics and Policy Studies
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