Thursday, August 1, 2019

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Climate Shock: The Economic Consequences of a Hotter Planet

by Gernot Wagner, Martin L. Weitzman

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Climate Shock The Economic Consequences of a Hotter Climate Shock The Economic Consequences of a Hotter Planet Gernot Wagner Martin L Weitzman on FREE shipping on qualifying offers If you had a 10 percent chance of having a fatal car accident youd take necessary precautions If your finances had a 10 percent chance of suffering a severe loss Climate Shock The Economic Consequences of a Hotter Well the mean or average warming that is predicted by models in that scenario is about 3C and the standard deviation about 15C So the positive tail defined as the 2 sigma limit is about 6C of warming Climate Shock The Economic Consequences of a Hotter Climate Shock The Economic Consequences of a Hotter Planet A rogue nation might shoot particles into the Earths atmosphere geoengineering cooler temperatures Zeroing in on the unknown extreme risks that may yet dwarf all else the authors look at how economic forces that make sensible climate policies difficult to enact Climate Shock The Economic Consequences of a Hotter Climate Shock The Economic Consequences of a Hotter Planet And what will be the likely impact of climate change on economies and societies Wagner and Weitzman focus on several lowprobability but highcost outcomes such as a rise in average surface temperature of six degrees rather than the 25 or 3degree increase that more Wagner G and Weitzman M Climate Shock The Economic In Climate Shock Gernot Wagner and Martin Weitzman explore in lively clear terms the likely repercussions of a hotter planet drawing on and expanding from work previously unavailable to general audiences They show that the longer we wait to act the more likely an extreme event will happen Climate Shock The Economic Consequences of a Hotter Climate Shock The Economic Consequences of a Hotter Planet If you had a 10 chance of having a fatal car accident youd take necessary precautions If your finances had a 10 chance of suffering a severe loss youd reevaluate your assets So if we know the world is warming and theres a 10 chance this might eventually lead Climate Shock The Economic Consequences of a Hotter Climate Shock The Economic Consequences of a Hotter Planet A rogue nation might shoot particles into the Earths atmosphere geoengineering cooler temperatures Zeroing in on the unknown extreme risks that may yet dwarf all else the authors look at how economic forces that make sensible climate policies difficult to enact ‘Climate Shock The Economic Consequences of a Hotter ‘Climate Shock The Economic Consequences of a Hotter Planet’ by Gernot Wagner and Martin Weitzman Interest in geoengineering is mounting as warming carbon dioxide emissions have continued to rise despite decades of UN climate negotiations billions of dollars worth of renewable energy subsidies and sporadic attempts to price carbon Climate Shock Climate Shock In Climate Shock Gernot Wagner and Martin Weitzman explore in lively clear terms the likely repercussions of a hotter planet drawing on and expanding from work previously unavailable to general audiences They show that the longer we wait to act the more likely an extreme event will happen A city might go underwater Climate Shock The Economic Consequences of a Hotter None of that should mask the fact that most of the worst consequences of climate change are still remote often caged in global longterm averages global average surface temperature projections for 2100 or global average sea level projections for decades and centuries out