Why Worry About Climate Change ? A Research Agenda

  title={Why Worry About Climate Change ? A Research Agenda},
  author={Richard S. J. Tola},
Estimates of the marginal damage costs of carbon dioxide emissions suggest that, although climate change is a problem and some emission reduction is justified, very stringent abatement does not pass the cost-benefit test. However, current estimates of the economic impact of climate change are incomplete. Some of the missing impacts are likely to be positive and others negative, but overall the uncertainty seems to concentrate on the downside risks and current estimates of the damage costs may… CONTINUE READING


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