Paul Krugman reaches the above conclusion in his August 1 New York Time op-ed , which asks "Can This Planet Be Saved?" , while discussing the latest work by economists on the cost-benefit analsys of taking action to mitigate potential climate risks - this time by Harvard`s Marty Weitzman ,...
There is a new paper out by economist Richard Tol that summarizes all of the economic work on climate change over the past two decades, in light of recent analyses, particularly the ground-breaking new work by Harvard's Marty Weitzman on how the "fat tail" of climate risk affects cost-benefit...