The Economics of Climate Change

In fall 2006, the Stern Review of the Economics of Climate Change,a British government commissioned study, was released. Most scientific or economic criticisms have said that the review did not go far enough in assessing the effect of climate change, although it did present extremely stark warnings for the future. Martin Weitzman has a upcoming book review of the Stern Review in the upcoming Journal of Economic Literature. Brad DeLong also has a great post on this topic. Combined with UN reports on climate change, the evidence for highly destructive global climate change is conclusive and undeniable. The solutions to this crisis are clear, and yet the corruption and inefficiency of the geopolitical system allows the perpetuation of such egregious harm to life on Earth and human well being. How and when will it end?

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