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What Economists Don't Get About Climate Change
2015-11-03 14:04:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Economists tend to see climate change as a big optimization problem: Weigh the potential costs of future disasters against the benefits of fossil-fueled economic growth, and find a price of carbon that will balance the two. Unfortunately, it's an illusory goal. Consider, for example, a recent study by Yale University's Kenneth Gillingham and colleagues. Using a collection of so-called "integrated" models of climate and the economy, they seek to get a better handle on how various uncertainties...
Tags: change
climate
economists
Category:Electronics and Electrical