Climate policy is typically framed as an issue of inter-generational distributive justice: policy proponents urge the current generation to incur costs so as to benefit future generations. This framing tends to overlook important intra-generational distributional issues, and in so doing it fails to explore possibilities to design climate policies that also bring significant benefits to people who are alive today. The lecture will consider three such issues: (i) the distribution of air quality co-benefits from the reduced use of fossil fuels; (ii) the distribution of rent created by pricing carbon emissions; and (iii) the allocation of investment in adaptation.