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Timing Is Everything: How Economists Can Better Address the Urgency of Stronger Climate Policy

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  • Lawrence H. Goulder

Abstract

Building on recent consensus findings from climate scientists, this article argues that stronger policy action to address global climate change is urgent. The article indicates how economists can better address this urgency and thereby contribute more effectively to climate policy discussions. Greater effectiveness requires that economists focus their policy assessments more sharply on the timing of policy implementation and the environmental and economic costs of delayed implementation. The article also shows that focusing more on the prospects for near-term implementation can alter the cost rankings of U.S. climate policy alternatives, increasing the attractiveness of some climate policy approaches that economists might otherwise tend to dismiss.

Suggested Citation

  • Lawrence H. Goulder, 2020. "Timing Is Everything: How Economists Can Better Address the Urgency of Stronger Climate Policy," Review of Environmental Economics and Policy, University of Chicago Press, vol. 14(1), pages 143-156.
  • Handle: RePEc:ucp:renvpo:doi:10.1093/reep/rez014
    DOI: 10.1093/reep/rez014
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    Cited by:

    1. Christoph Böhringer & Knut Einar Rosendahl, 2020. "Europe beyond Coal - An Economic and Climate Impact Assessment," CESifo Working Paper Series 8412, CESifo.
    2. Antonio Bento & Noah S. Miller & Mehreen Mookerjee & Edson R. Severnini, 2021. "Time is of the Essence: Climate Adaptation Induced by Existing Institutions," NBER Working Papers 28783, National Bureau of Economic Research, Inc.
    3. Sommer, Stephan & Mattauch, Linus & Pahle, Michael, 2020. "Supporting carbon taxes: The role of fairness," Ruhr Economic Papers 873, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.

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