17 January 2008

Economics of Climate Change

I am travelling and so may not have much chance to post over the next few days. But I came across two interesting papers this afternoon on the economimcs of climate change - both initially appeared last summer at The Economist's Voice. The first is by Thomas Schelling (hardly an alarmist or political radical) who argues that inaction on climate change is an extremist position. I agree with him. The second, by Kenneth Arrow, recommends - based on fairly conservative assumptions and reasonably simple cost-benefit analysis - policies to mitigate CO2 emissions as superior to status quo.



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