Carbon Calculus: For Deep Greenhouse Gas Emission Reductions, A Long-term Perspective On Costs Is Essential
from the International Monetary Fund
– this post authored by Kenneth Gillingham
The scientific consensus is clear: climate change is associated with increasingly frequent and intense natural disasters ranging from droughts and wildfires to hurricanes and coastal flooding. While the extent of the economic damage cannot be known for certain, strong evidence suggests it could be quite severe. The challenge for policymakers will be to decide how much to spend on measures to reduce greenhouse gas emissions. To do that, they must be able to compare the costs of various options, including renewable energy sources and electric cars.
Source: http://econintersect.com/pages/contributors/contributor.php?post=201912020551
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