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The Economics Of The Fight Against Climate Change

Author

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  • Tjasa Redek

    (University of Ljubljana)

Abstract

The paper analyzes the economic perspectives of dealing with climate change. Recent data shows that concentration of greenhouse gasses significantly increased since industrial revolution, which is causing temperature increases and consequently many unfavourable developments. There are three options to dealing with climate change: (1) do nothing, (2) try to adapt and (3) fight against climate change. Each option is related to some economic costs. The article presents a review of estimates of economic costs related with each option.

Suggested Citation

  • Tjasa Redek, 2010. "The Economics Of The Fight Against Climate Change," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 19(2), pages 311-329, december.
    • Handle: RePEc:avo:emipdu:v:19:y:2010:i:2:p:311-329
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    References listed on IDEAS

    as
    1. John D. Sterman & Linda Booth Sweeney, 2002. "Cloudy skies: assessing public understanding of global warming," System Dynamics Review, System Dynamics Society, vol. 18(2), pages 207-240, June.
    2. Ackerman, Frank & Stanton, Elizabeth A., 2008. "A comment on "Economy-wide estimates of the implications of climate change: Human health"," Ecological Economics, Elsevier, vol. 66(1), pages 8-13, May.
    3. Grimaud, Andre & Tournemaine, Frederic, 2007. "Why can an environmental policy tax promote growth through the channel of education?," Ecological Economics, Elsevier, vol. 62(1), pages 27-36, April.
    4. Sterman, John & Booth Sweeney, Linda, 2002. "Cloudy Skies: Assessing Public Understanding of Global Warming," Working papers 4361-02, Massachusetts Institute of Technology (MIT), Sloan School of Management.
    5. -, 2009. "The economics of climate change," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 38679, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    climate change; costs; mitigation; adaptation;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

    Statistics

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