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

By Frank Ackerman

ISBN-10: 1848130376

ISBN-13: 9781848130371

ISBN-10: 1848130384

ISBN-13: 9781848130388

It is a transparent, readable first publication for the non-economist, to begin knowing the economics round weather switch, and a few of the differing arguments by means of economists.

Unlike weather *science*, the place such a lot genuine scientists agree at the basics, it sounds as if actual economists have a few basic arguments approximately weather *economics*, even if 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 understand no matter if disagreements are severe or particularly minor.

In any case, it particularly is helping to have a superb assessment of the arguments, prior to diving into the details.

I've studied the strict overview, the Nordhaus cube version, Lomborg books, different books, different papers, and different discussions ...
and studying this booklet first would definitely have stored me effort.

So, commence right here, then pattern his references for different viewpoints.

I specially cherished his four bumper stickers, which handily summarize the book:

Your grandchildren's lives are important
We have to purchase coverage for the planet
Climate damages are too worthy to have prices
Some charges are higher than others

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

Sample text

6 Recall that this is a description of the 99th percentile risk of climate impacts, from CO2 levels that could be reached through just a few more decades of business as usual. No one has suggested that it is certain, or even the most likely outcome, of climate change. Most  Can we afford the future? 99th percentile risks don’t ever occur, just as most houses never have fires and most parents live to see their children grow up. And yet we buy insurance when faced with individual risks of this likelihood or even less.

Can you figure out, from the cards you draw, what is the highest number in the deck? In terms of the underlying analogy, the highest number represents the worst case, or 99th percentile bad outcome, for climate damages. By drawing repeatedly from a 100-card deck that never changed, you could eventually learn everything about the deck. 5 Now assume that the dealer is changing one card after every draw. This means that old information is becoming outdated as fast as new information is arriving; in effect, you will never have more than a limited sample on which to base your judgments.

Rather, the offer to “buy” a species for exclusive private use is categorically unacceptable, just as an offer to buy your spouse or children would be. Your car is a commodity with a meaningful monetary price. Your family, your life (or anyone else’s), and the existence of whales and other species, are not commodities; it is offensive and misleading to treat them as if they were for sale at any price. The discussion of values without prices has a long history. 6 No price tag does justice to the dignity of human life or the natural world.

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