The Economics of Mitigating Climate Change?
Economic analyses of the long-term costs of mitigating climate change are unknowable, argue these authors. To base climate policy on them is irresponsible. However, the authors support the moral argument that it is necessary to control climate because its likely devastating effect on human civilization is reason enough to pursue climate mitigation policies. This technical paper is a valuable retort to economic oversimplifications prevalent in the climate change literature.