Celebrating humanity's flourishing through the spread of capitalism and the rule of law
02 Apr 2014 Leave a comment
in applied welfare economics, David Friedman, economics of natural disasters, environmental economics
I have not yet gotten into the full report but, judging from accounts I have seen, 2°C of additional warming is about what it suggests we can expect by 2100 if we don’t do much to prevent it. So if policies to prevent warming reduce the annual growth rate of world income from (say) 2% to 1.98%, the resulting loss will just about cancel the gain. Not a compelling argument for switching from fossil fuels to solar power.
via Ideas: Bits From the Latest IPCC Report.
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