Abstract

To realize the climate transition and other large societal transitions in a fair way, expectations should be considered. However, the literature has only focused on the claims that already existing expectations bring about, without indicating which rights there are to be actively provided with expectations. This article addresses this gap by investigating the rights of private agents, individuals and companies, to be informed about future climate regulations. It argues that private agents have an interest in being informed because this enables them to make and execute plans. Its value depends on how general the relevant regulations are and the costs of processing the information and responding to it. This interest grounds duties on the part of governments to provide information about the general directions of future policies because of their capacities to inform about the regulations they will introduce and their special responsibilities towards the agents over whom they exercise a right to rule. When future regulations are uncertain, they should provide information about the likelihood of the possible scenarios and the circumstances on which this depends and introduce an element of stability in future policies, which should be balanced with the value of flexibility.