Buy custom the economics of climate change
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If a wider range of risks and impacts is taken into account, the estimates of damage could rise to 20 percent of GDP.â€
Are these prognoses credible? Man is an economic animal that has been consistently shown to be selfish and extremely reluctant to give up known comforts for future benefits, unless coerced...
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If the sacrifice that’s needed is not for himself but for his descendants, he might even have to be dragged, kicking and screaming. Policy-making in these circumstances might have to be a form of social engineering.
The question of timing is also material. Professor Nordhaus’s policy ramp is much too gradual for the likes of NASA’s James Hansen who said that unless greenhouse gases were drastically cut now, global warming cannot be stabilized...
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tends in economics and the impacts they
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