Acting to Combat Climate Change: A Cost Benefit Analysis
We are getting a much clearer picture of the costs associated with climate change and the benefits of action to combat it. While adding up the costs of a warmer world is no easy feat, economists are increasingly quantifying the risks associated with climate change. The price tag associated with global warming includes the costs associated with extreme weather, declining global food stocks, degraded ecosystems, the loss of biodiversity,…
New Support for the Interconnectedness of the Environment and the Economy
Two new reports reiterate the scientific veracity of anthropogenic climate change while reinforcing the interconnectedness of the economy and the environment. The World Economic Forum (WEF) Global Risks Report 2013 clearly points to the interrelationship between the environment and the economy. A draft of the third National Climate Assessment Report indicates that climate change is both an environmental and economic…
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