The economic damages from climate change
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In last years there is an intense debate in the US about the costs of climate change. Some authors claim that it will an bring economic disaster. This heated argument about economic costs, however, barely touched one vitally important issue: the costs of inaction since some economics affirm that certain events would have been extremely unlikely to have occurred without global warming. As Hanemann says: The question of damages from climate change never penetrated the debate in Washington. The analysis to be presented is intented to contribute to this hot topic and to emphasize the need to get together as a community of nations and impose restraints on greenhouse gas emissions and raise carbon prices. If not, we will face gloomy scenarios in the next future
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Michael Hanemann Arizona State University
