Can We Afford the Future?: The Economics of a Warming World - download pdf or read online

By Frank Ackerman

ISBN-10: 1848130376

ISBN-13: 9781848130371

ISBN-10: 1848130384

ISBN-13: 9781848130388

This can be a transparent, readable first ebook for the non-economist, to begin figuring out the economics round weather switch, and some of the differing arguments through economists.

Unlike weather *science*, the place such a lot genuine scientists agree at the basics, apparently genuine economists have a few primary arguments approximately weather *economics*, even supposing that would be simply because i've got extra publicity to the previous than the latter. it is usually difficult for a layperson studying a brand new subject to grasp even if disagreements are severe or fairly minor.

In any case, it fairly is helping to have a superb assessment of the arguments, earlier than diving into the details.

I've studied the strict assessment, the Nordhaus cube version, Lomborg books, different books, different papers, and different discussions ...
and interpreting this booklet first will surely have kept me effort.

So, commence the following, then pattern his references for different viewpoints.

I in particular beloved his four bumper stickers, which handily summarize the book:

Your grandchildren's lives are important
We have to purchase assurance for the planet
Climate damages are too beneficial to have prices
Some expenses are higher than others

Show description

Read or Download Can We Afford the Future?: The Economics of a Warming World PDF

Similar environmental economics books

Get Grand Coulee: harnessing a dream PDF

Within the able arms of Paul Pitzer, the struggle for Grand Coulee Dam and the tale of its development is an important, lively saga of individuals striving for brilliant objectives after which operating to construct whatever staggering. those visionaries comprehensive their target opposed to the backdrop of the worst fiscal melancholy within the nation's historical past.

Download e-book for kindle: Quality Management in Construction Projects by Abdul Razzak Rumane

Concise and straightforward to learn, this reference offers key details on tips to technique caliber insurance for development initiatives. Containing quickly reference tables and a wealth of figures, the booklet offers helpful caliber comparable info and instructions. It offers assurance that spans from the inception of a venture via issuance of a of completion certificates.

Get Dangerous Trade: Histories of Industrial Hazard across a PDF

From anthrax to asbestos to insecticides, business pollutants and toxins have the realm for the earlier century and longer. Environmental dangers from stay one of many world's most suitable killers. risky alternate establishes ancient foundation for a greater figuring out of the way and why those risks proceed to threaten our shrinking global.

Additional resources for Can We Afford the Future?: The Economics of a Warming World

Sample text

4 Climate damages are too valuable to have prices In order to make good decisions about climate policy, do we need more information about the value of the expected damages from global warming, or about the costs of preventing them? The last two chapters presented two strong reasons to conclude that the answer is no. The discount rate, the subject of Chapter 2, dominates any long-term cost–benefit calculation: many climate policies appear to be cost-effective at a low discount rate, while almost none are at a high discount rate.

1  Can we afford the future? Unfortunately, there is little hope of transparent, uncontroversial estimates for the costs of climate policy. Although there are plenty of engineering estimates for specific technologies, a complete picture of the costs of climate protection inextricably involves economic theories as well as empirical data. A conventional economic framework, of the sort described in Chapter 1, tends to overstate the cost of climate protection on several timescales: • in the short run, theories of market equilibrium often deny the existence of costless or negative-cost opportunities for emissions reduction; • in the medium term, the same theories overlook the employment and other benefits that result from climate policies; • in the long term, the most important effect is the pace of innovation in energy technologies, another subject on which conventional economics has little to offer.

This chapter addresses the problems of valuing the benefits of climate policy; the next chapter turns to the costs. Monetary values for the benefits of climate policy tend to under­ state the urgency of the problem, in two different ways: some of the most important benefits have no meaningful prices; and some Climate damages are too valuable to have prices  economic models minimize the benefits by suggesting that a little bit of global warming would be good for us. Expensive, or priceless? The benefits of climate policy are the damages that can be avoided by taking action to reduce emissions (or sequester carbon, or successfully adapt to the unavoidable changes), rather than allowing present trends to continue.

Download PDF sample

Can We Afford the Future?: The Economics of a Warming World by Frank Ackerman


by Mark
4.1

Rated 4.98 of 5 – based on 28 votes