Download e-book for kindle: Climate Shock: The Economic Consequences of a Hotter Planet by Gernot Wagner, Martin L. Weitzman

By Gernot Wagner, Martin L. Weitzman

ISBN-10: 0691159475

ISBN-13: 9780691159478

For those who had a ten percentage likelihood of getting a deadly motor vehicle coincidence, you'd take worthy precautions. in case your funds had a ten percentage likelihood of anguish a critical loss, you'd reevaluate your resources. So if we all know the area is warming and there's a ten percentage likelihood this is able to ultimately result in a disaster past something lets think, why aren't we doing extra approximately weather swap at once? We insure our lives opposed to an doubtful future--why no longer our planet?
In "Climate Shock," Gernot Wagner and Martin Weitzman discover in vigorous, transparent phrases the most likely repercussions of a warmer planet, drawing on and increasing from paintings formerly unavailable to basic audiences. They convey that the longer we wait to behave, the much more likely an severe occasion will take place. A urban may move underwater. A rogue country may possibly shoot debris into the Earth's surroundings, geoengineering cooler temperatures. Zeroing in at the unknown severe hazards which can but dwarf all else, the authors examine how financial forces that make good weather guidelines tricky to enact, make radical would-be fixes like geoengineering the entire extra possible. What we all know approximately weather swap is alarming adequate. What we don't learn about the extraordinary dangers might be way more harmful. Wagner and Weitzman support readers remember that we have to take into consideration weather switch within the related manner that we predict approximately insurance--as a probability administration challenge, basically right here on an international scale.
Demonstrating that weather swap can and will be dealt with--and what may well occur if we don't do so--"Climate Shock" tackles the defining environmental and public coverage factor of our time.

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Extra info for Climate Shock: The Economic Consequences of a Hotter Planet

Sample text

S. Congress has acted boldly since, with large bipartisan majorities. George H. W. Bush signed into law the Clean Air Act Amendments of 1990. Among others, they led to measures that slashed the pollution that causes acid rain. All of that applies to local pollutants: the mercury knocking a few points off your kids’ IQ, the soot causing them to develop early asthma, the smog making their eyes water and killing their grandparents early, and the toxins in water making it unsafe for anyone to drink.

Why don’t climate models predict up to 20 meters (66 feet) of sea-Â�level rise and camels in Canada as a result of carbon dioxide concentrations at levels from three million years ago, when the world experienced both? In short, we don’t know. But uncertainty is no excuse for inaction. It’s a call to tackle the climate problem while we still can. This is a hellishly difficult problem to solve. And if the world doesn’t solve it, it will hit us with full force in unpleasant and unexpected ways. This is where we’ll end up: 911â•…•â•…29 with the specter of geoengineering.

20â•…•â•…Chapter 1 There may well be one of these breakthroughs just around the corner. Human history seemingly shows that there always is. It’s why we are still here as a species. But hoping for a breakthrough is not a strategy. That’s why we return to the undeniable importance of policy. That, too, has worked in the past. For many pollutants, things first got (and are getting) worse, before they got (or will get) better. When Cleveland’s Cuyahoga River caught on fire, so did the nascent environmental movement in the United States in the 1960s.

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Climate Shock: The Economic Consequences of a Hotter Planet by Gernot Wagner, Martin L. Weitzman

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