Conducting a cost-benefit analysis (CBA) on the impacts of climate change – and on proposals to mitigate future climate change – is complicated and difficult. Preliminary applications, however, reveal the social costs of limiting greenhouse gas emissions exceeds benefits by orders of magnitude.
This we know for sure: Politics does a very poor job of choosing policies with the lowest marginal costs.
Robert Mendelsohn, Kevin Dayaratna, Ross McKitrick (Moderator: Craig Rucker)
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