The Case for Mitigating Greenhouse Gas Emissions
Published By: PAE on eSS | Published Date: March, 17 , 2008Last fall, the United Kingdom issued a major government report on global climate change directed by Sir Nicholas Stern, a top-flight economist. The Stern Review Report on the Economics of Climate Change amounts to a call to action: it argues that huge future costs of global warming can be avoided by incurring relatively modest cost today. Notwithstanding its critics Stern’s fundamental conclusion is justified: we are much better off reducing CO2 emissions substantially than risking the consequences of failing to act, even if, unlike Stern, one heavily discounts uncertainty and the future. [Real World Economics Review No 45]
Author(s): Kenneth J. Arrow | Posted on: Mar 24, 2008 | Views(1933) | Download (432)