Foreword.

The first paper of this special issue, "Climate Policy and Wealth Distribution" by Dao, [[1]] develops a model with intergenerational bequest transfers and climate damage on the wealth of heterogeneous households. A sound climate policy would have to reduce this "option value of waiting" due to commodity price uncertainties. According to scientific data, climate change and environmental deterioration have become severe issues threatening human society and sustainability. [Extracted from the article]