How to solve the climate problem?
Title: How to solve the climate problem?
Author: TOL, Richard S.J.
Series/Number: EUI RSCAS PP; 2013/26; Global Governance Programme; Global Economics
Climate change is a small problem with a simple solution. A century of climate change causes as much damage as skipping a year, perhaps a decade of economic growth. Stabilizing the atmospheric concentrations of greenhouse gases can be achieved at a minimal cost, provided policy is smart and gradual. Current climate policy has been captured by rent-seekers and millennialists. Climate policy would be more effective if it would capitalize on the ongoing revolution in energy supply.
Subject: Climate change; Climate policy; Climate economics
Type of Access: openAccess