Climate Shock the Economic Consequences of a Hotter Planet Review

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December 29, 2016 Sara rated information technology did not similar it

In that location Is No Expedient to which a Human being Will Non Resort to Avoid the Real Labor of Thinking

[Through my ratings, reviews and edits I'yard providing intellectual belongings and labor to Amazon.com Inc., listed on Nasdaq, which fully owns Goodreads.com and in 2014 posted revenues for $90 billion and a $271 meg loss. Intellectual property and labor require bounty. Amazon.com Inc. is also requested to provide assurance that its employees and contractors' work conditions come across the highest health a

There Is No Expedient to which a Man Volition Non Resort to Avert the Existent Labor of Thinking

[Through my ratings, reviews and edits I'thousand providing intellectual property and labor to Amazon.com Inc., listed on Nasdaq, which fully owns Goodreads.com and in 2014 posted revenues for $90 billion and a $271 million loss. Intellectual belongings and labor require compensation. Amazon.com Inc. is as well requested to provide balls that its employees and contractors' piece of work weather meet the highest health and condom standards at all the company's sites].

One such expedient is carbon pricing. In the field of climate alter mitigation activism, the policy proposal is even considered radical. Probably because information technology has a puritanic ring to information technology: "(i) dumping carbon dioxide into the athmosphere causes impairment; (ii) nobody is paying for the harm; (iii) commencement making people - all of us - pay for the damage and for sure nobody will dump carbon any more". And the well-meaning NGO policy advisors - WWF to CDP to Greenpeace - all nod resolutely. The problem is that the mechanism that should lead from carbon pricing to a alter in carbon emission patterns - in full general summarized or implied in the "for sure" passage - gets never investigated.

This book makes no exception. The authors avoid the real labour of thinking past pointing us in the direction of Arthur Pigou, who formalized the notion that taxes can be used to cistron in negative externalities and thus drive socially better decisions. Merely pigouvian taxes bring about the desired outcome only in very special settings: where the determination maker can choose between two substitutable inputs or products, and in one case incorporated the social costs of the cheaper input through the tax, the decision maker will opt for the now cheaper non-damaging input or production. But what if the decision maker has no choice? What if the decision maker has a automobile or an aircraft or a freightship that runs on fossil fuel only? It's very likely that the conclusion maker will duly pay the tax and pass the toll on to someone else (employer, rider, customer). Without substitutes, carbon behaves similar a Giffen good: when its price rises, you lot keep consuming it, reducing your consumption of something else, exactly equally in the case of the poor peasants living on rice, situation the authors look downwardly on with some commiseration if non contempt.

Tellingly, Richard Branson - possessor of Virgin airlines - is quoted hither as proverb that a global carbon tax, applied to all airlines, to all fuels, in all countries, at the same level would totally make good business concern sense. Such a revenue enhancement would in fact be automatically passed on to the passengers by all airlines, and in the absence of any substitute for air travel (the authors seem to posit that videoconferencing is not really a substitute) the taxation would not be pigouvian at all, and won't change the manner people emit carbon. And to name another example, giant oil & gas multinational ENI say in their 2016 investor relations presentations that they are perfectly comfy with $xl per tonne - the carbon toll put forrad by the authors - which won't affect their profitability.

Less frankly, if carbon pricing is to be a serious policy proposal, it is crucial that proponents research something chosen need elasticity to changes in fossil fuel prices, that is how much the demand of fossil fuel goes upwards or comes down in responses to fossil fuel toll variations. There should be years' worth of papers and books and conferences on this question only before carbon pricing can be considered a proposal to mitigate climatic change (rather than something to be used by governments to bank on carbon). The authors instead adopt not to raise the issue at all, displaying the aforementioned willful blindness they consider a prerogative of the geoengineering freaks.

To ensure the directed technical alter we need to transition to a low carbon economy (just to quote a bit of the boilerplate I'thousand exposed to on a daily basis) takes identify, we must first make fossil fuels substitutable and then if necessary we tin introduce a pigouvian tax. And what is resisted - in industry sectors reliant on fossil fuels and in politics - is the very idea that fossil fuels can exist substituted. That is the folly, non carbon pricing.

As a final caveat, fossil fuels historically and originally (almost 200 years ago) crowded out renewables even though the latter were cheaper - practise read the magnificent Fossil Majuscule: The Ascent of Steam Power and the Roots of Global Warming for the truth. So what substitutable means tin be very technical, organizational and very political earlier cost comes into play.

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This book talks a lot about probabilities and risk. Information technology would be style over the head of lay readers trying to get a handle on climate change or climate economics. But information technology likewise had nothing new for those of u.s. who are pretty knowledgeable virtually climate change (I worked in the energy/climate field for many years). Then I don't know who the audience for this book should be. In addition, I thought it was very unclear in where it was going; the final chapter summarized the principal thesis, but it was besides little This book talks a lot about probabilities and risk. Information technology would be way over the head of lay readers trying to get a handle on climatic change or climate economics. Just information technology also had nothing new for those of usa who are pretty knowledgeable nigh climate change (I worked in the energy/climate field for many years). So I don't know who the audience for this volume should exist. In addition, I thought it was very unclear in where it was going; the last affiliate summarized the main thesis, simply it was too fiddling too tardily - I had little idea on the journeying where the authors were going, and when they got in that location, it was an extremely brief stay. I think y'all could do a lot better reading any of numerous other fine books on climate change before this i. ...more

Rabbit {Paint me like one of your 19th century gothic heroines!}

Disclaimer: This book was given to me for free by Netgalley in exchange for a review.

I think that this book is a necessary read, and books like information technology likewise.

It mostly focuses on environment and economics. There was a heavy emphasis placed on that saving the environment should not prevarication on the shoulders of individuals people nor individual countries merely as a collective customs. The trouble, as the author has stated, is finding a practical and economical way to make each country reduce and perhaps

Disclaimer: This volume was given to me for free by Netgalley in exchange for a review.

I think that this book is a necessary read, and books like information technology as well.

Information technology mostly focuses on environs and economics. At that place was a heavy accent placed on that saving the environment should not lie on the shoulders of individuals people nor individual countries but equally a collective community. The problem, as the author has stated, is finding a applied and economical way to brand each country reduce and peradventure eliminate pollutants. The book was a lot more than complex, but that is the main argument.

This book was a sad but illuminating read.

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The kickoff of the book was good: climate alter is both urgent and difficult. The topic was quite relevant: we need to address the problem of climatic change through economic measures, somehow. Just I lost interest in this book about halfway through, due to a combination of things that weren't (in my opinion) explained that well, plus lack of sympathy with the basic ideas and assumptions. These assumptions were non defended, and the authors seemingly are completely oblivious that they are even bein The start of the book was good: climatic change is both urgent and hard. The topic was quite relevant: we need to address the problem of climate change through economical measures, somehow. Just I lost interest in this volume near halfway through, due to a combination of things that weren't (in my opinion) explained that well, plus lack of sympathy with the basic ideas and assumptions. These assumptions were not defended, and the authors seemingly are completely oblivious that they are fifty-fifty being fabricated.

The matter that wasn't explained well was the idea of discount rates. A dollar today is worth more than than a dollar x or 30 years from now. Well, possibly, bold that the economic system grows forever, I suppose, and we don't go into a resource-depletion-induced economical depression. But what does this idea of discount rates actually hateful? That the economic system is always going to exist getting bigger, a highly questionable assumption? That if the environment is valuable, that we can discount the world's environmental state 10 or 30 years from now? (P. 68). I like to think of myself as a pretty smart guy, just I don't sympathize their point even from a formal betoken of view.

I could have probably re-read parts of the book, and looked up other references to "disbelieve rates," and figured it out, but it looks like this book wants to put a price on the surroundings. I don't concord with the basic concept of "getting the price right" on ecology damage, e. g. imposing a carbon taxation based on calculations of economic damage done by climate change. The authors manifestly follow William Nordhaus' views (see The Climate Casino: Risk, Uncertainty, and Economics for a Warming World) on climate, which I too disagree with and take critiqued in a Goodreads review, so this gave me another reason to drib the book. I do agree that we should have a steep carbon taxation, but this reasoning is faulty and ultimately circular.

The whole trouble with our economy is the takeover of the natural and wild parts of the planet by the human economic system. The economy is function of the larger surroundings, not vice versa, and nosotros are undermining the environs. Putting an economical price on this takeover assumes that information technology is already part of the human economy, or should be. But this co-optation of the surroundings is precisely the problem, considering it is supports and underlies the economy. Just stop taking over every last square inch of the planet already! One time you figure this out, get back to me.

We should instead just reach an independent conclusion, based on scientific and environmental considerations, of what we need to practice to preserve the environs and what kind of globe, basically, we want to live in: east. g., CO2 no higher than 350 ppm, halt soil erosion, a feasible wild population of elephants. We should then impose carbon taxes (and other ecology policies) non considering this is somehow equivalent to the economic value of the environs, but because that is a rational thing to do. The critique of the ecological economists on this point, I believe, is fatal to the book's point of view. Herman Daly discusses this issue further in an essay here.

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Climate Shock offers an economic look at climatic change. But the volume actually unfolds very differently than that description suggests. Instead of being a treatise or monograph, Climate Daze is discursive, lighthearted, and speedy. It feels similar having a java with the authors as you lot all trade ideas.

The ideas swirl around questions of probability and impact. There are several digressions into statistics to explore the likelihood of events and options. There is even a fantasy about James Bond.

Climate Stupor offers an economic look at climate change. Just the book actually unfolds very differently than that description suggests. Instead of being a treatise or monograph, Climate Shock is discursive, lighthearted, and speedy. It feels similar having a coffee with the authors every bit you all merchandise ideas.

The ideas swirl around questions of probability and impact. There are several digressions into statistics to explore the likelihood of events and options. There is fifty-fifty a fantasy most James Bond.

So if you're new to the economic aspects of climatic change, this might be an enjoyable entrance to the topic.

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February 17, 2015 Cwiegard rated it really liked it

This book is rather short, simply 152 pages and so a ton of notes. Just the content is very valuable to serious students of the climate crisis in a couple of ways. Start, the authors explain the economics of the situation- why misguided market forces are driving the states towards atmospheric carbon levels of 700 ppm in the year 2100, a state of affairs that will benefit nobody. They explain that carbon pricing is the all-time solution. Second, they explain in depth the marketplace forces that surround the concept of "chiliad This book is rather short, only 152 pages and then a ton of notes. But the content is very valuable to serious students of the climate crisis in a couple of ways. Starting time, the authors explain the economics of the situation- why misguided marketplace forces are driving united states towards atmospheric carbon levels of 700 ppm in the twelvemonth 2100, a state of affairs that will benefit nobody. They explain that carbon pricing is the all-time solution. Second, they explain in depth the market place forces that environs the concept of "geoengineering"- the proposal for the human race to try to annul greenhouse gas warming past adding reflective sulfate particles to the high atmosphere. The authors land, correctly, that this is a dangerous idea because information technology does not accost sea acidification and considering once started it would need to be continued almost forever in society to avoid a sudden outburst of global heating. But they as well state that the worst things become from global heat waves and body of water level rise, the more psychological and political pressure will mount for unsafe geoengineering ventures.
No practiced news in this little book, but a great deal of common sense and clarity. Many of us are left backside in the economical nature of climate give-and-take, holding on to the wrong idea that humans will do the right affair if someone tells u.s.a. that our grandkids are in danger. This provides a much needed antidote to that incorrect thinking, which has been proved wrong by the last 25 years of international paralysis. Climate fee and dividend are the just chance we accept left- and it is five minutes to midnight. ...more

Jan 22, 2015 Siobhan rated it really liked it

Climate Stupor is a curtailed presentation of the economical consequences of climatic change. The authors present climatic change as a gamble management issue, discuss the real vs. perceived risk of the those consequences, and how policymakers answer. Geoengineering is also discussed as an choice of terminal resort (both financially and environmentally.) The book concludes with a discussion of individual action vs. policy change, and how the former is futile without the latter.

Very attainable read, with rel

Climate Shock is a concise presentation of the economic consequences of climatic change. The authors present climate change as a risk management result, discuss the real vs. perceived take a chance of the those consequences, and how policymakers respond. Geoengineering is too discussed as an option of last resort (both financially and environmentally.) The volume concludes with a discussion of individual action vs. policy change, and how the former is futile without the latter.

Very accessible read, with relatively well-known examples (such as the 1991 eruption of Mount Pinatubo, and more than contempo Chelyabinsklike meteor), piece of cake to understand analogies, and articulate terminology (the second affiliate serving equally a glossary -- while oddly placed, it was useful). However, as an academic text it barely scrapes the surface and I would have liked to meet more than in-depth discussion. Definitely a good starting point for college writing classes, as a starting point for further research, and would be suitable in a public library.

Thank you to NetGalley and Princeton University Press for the ARC of this championship.

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I appreciate the direct, dry out, honest writing here. Wagner & Weitzman identify the fearsome foursome of anthropogenic climate disruption: it's global, information technology's long-term, it's irreversible, and it's uncertain. The final one, doubt, is the worst because we notwithstanding do not know how bad it volition be.

Farther, the authors present why geoengineering methods might have appeal but their furnishings will non be the solution to climate disruption--information technology will only exist a ways of treating the symptoms.

I likewise apprec

I capeesh the direct, dry out, honest writing here. Wagner & Weitzman identify the fearsome foursome of anthropogenic climate disruption: it's global, it'due south long-term, it'due south irreversible, and information technology's uncertain. The last i, doubtfulness, is the worst because we however do not know how bad it volition be.

Further, the authors present why geoengineering methods might take appeal but their effects volition non be the solution to climate disruption--it volition merely be a means of treating the symptoms.

I also appreciated that this was written with an economical accent. The cost-benefit analysis for dealing with the crunch gives a fresh tint of realism to the nature of the disasters looming.

Essentially, since there is not enough being done on a global calibration now, today, and since we accept already crossed over the 400 ppm threshold, brainstorm to figure out how y'all and yours can survive considering...

The rich will arrange; the poor will endure.

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This 241 page volume is really only 152 pages of text. There is *a lot* of endnotes and bibliography. The main text was a preface, 7 chapters and an epilogue. And one of those chapters (#2) was more than of a glossary - information technology divers terms in alphabetical gild.

This 241 page volume is really only 152 pages of text. At that place is *a lot* of endnotes and bibliography. The main text was a preface, seven capacity and an epilogue. And ane of those chapters (#two) was more than of a glossary - it defined terms in alphabetical order.

Despite that, the book was actually a good read. It gives an overview of the problem. In that location is a lot on probability and best (350 ppm)/worst (700 ppm)/most likely case. Along with comparisons to the insurance industry. It was readable with "camels in Canada" every bit a catchy analogy. The economic forces were well described including taxes, true costs and the impact of feeling similar we did something. There was likewise a good discussion of why geoengineering (such as sulfur seeding) is inevitable from an economic point of view - whether it is a well planned consequence or by a rogue actor - and why this could be problematic.

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November 29, 2015 Ben Walker rated it it was amazing

A great await at the economics of Climate Change. I enjoyed information technology. My 4 takeaways:
-$40/ton of CO2 is the current United states of america judge. It's probably likewise low (at least by a tertiary).
-There'southward a ten% risk of ending life as we know information technology if we get to 700 ppm. It's a lognormal probability distribution
-Economical models utilise discounts rates around iv%. That is too high. 1.4% has as well been used, but I'd prefer to run across something closer to negative one%.
-Low beta: when the market is bad, the render is skilful. Climate change w A great wait at the economics of Climate Change. I enjoyed it. My four takeaways:
-$40/ton of CO2 is the electric current US estimate. Information technology's probably too depression (at least by a tertiary).
-There'south a 10% take a chance of ending life equally we know it if we get to 700 ppm. It'southward a lognormal probability distribution
-Economical models apply discounts rates around 4%. That is besides loftier. 1.4% has also been used, but I'd adopt to run into something closer to negative 1%.
-Low beta: when the market is bad, the return is proficient. Climatic change will exercise more damage to a healthy economy than to a bad economy. Therefore, a lower discount rate is better. (I'm notwithstanding a little hazy on this last point.) ...more

Jan 11, 2015 Melek rated it really liked it

On your left, you run across a series of long articles virtually climate change disguised as a non-fiction volume.

This is not a bad matter, non necessarily at least. Information technology doesn't bore yous, doesn't make you want to but ditch it and get live the residuum of your life, but information technology does make you lot wonder if yous would give information technology 28 bucks. It is very informative, including historical events for example every bit well as the matter information technology is actually about, and I appreciate how sincere the writing style is. Overall, I liked information technology, and I would rec

On your left, you see a series of long manufactures most climate modify disguised as a non-fiction book.

This is not a bad thing, not necessarily at to the lowest degree. Information technology doesn't bore yous, doesn't brand you desire to just ditch information technology and go live the rest of your life, but it does make you wonder if y'all would give information technology 28 bucks. It is very informative, including historical events for instance every bit well as the thing it is actually well-nigh, and I capeesh how sincere the writing manner is. Overall, I liked it, and I would recommend it, but information technology'due south not a v/5.

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Feb 09, 2015 Lynn rated information technology really liked it

Depressing but informative like his last book on chemic- Exposed. And shows what a rogue state the U.South. with regard to both climate change and toxics, compared with the rest of the world.

The conclusion he reaches was obvious ten years ago - that market-based cap and trade was a system to be gamed and that we merely need to taxation carbon if nosotros are serious.

Nosotros really actually need political change on this issue. Non just hope.

Unfortunately low-cal on actual content at only 150+ pages and 40 of footnotes, this jumps out with an urgent championship on an urgent topic, but does very piddling with it. The opening half is promising plenty, merely it veers into meandering, features a satirical opening of a screenplay to highlight geoengineering, and has a soft conclusion that does footling other than to propose investing in areas that will be necessary one time floodwaters rise and arctic permafrost melts, and be more environmentally minded b Unfortunately light on actual content at only 150+ pages and 40 of footnotes, this jumps out with an urgent championship on an urgent topic, but does very fiddling with it. The opening half is promising enough, but it veers into meandering, features a satirical opening of a screenplay to highlight geoengineering, and has a soft decision that does little other than to propose investing in areas that will be necessary once floodwaters rising and arctic permafrost melts, and be more environmentally minded because eventually we tin collectively nudge governments in the right direction. In fact, I remember this book spends more fourth dimension debating the claim and hazards of geoengineering our way out of climatic change with sulfur injected into the atmosphere than any substantive discussion of the "economic consequences of a hotter planet." Only cursory mentions of how difficult information technology is for people to work or function in hotter climates, keep agriculture going, avoid drought and famine, mitigate alluvion/burn down harm, and the resultant cascading effects of increased ceremonious conflict, criminal offense, poverty, etc (which is what I expected and wanted to read about). This feels similar the opening 3 capacity in a bigger book that just sort of ends before information technology really begins. ...more than

Nov 12, 2021 Grandfather rated information technology liked information technology

"...we hope we are wrong considering society will manage to steer the climate send away from the proverbial iceberg cut the flow of carbon into the temper" (p 150). That sentence is contained in the above book published in 2015. The two economists writing Climate Shock haven't been proven incorrect withal.

They estimate a x percent chance of catastrophic global warming of 6°C (11°F) by 2100 with accompanying sea level rise from 1 to 3 feet and a possible extreme of 66 feet. Their solution, not uni

"...we hope nosotros are wrong because club volition manage to steer the climate send away from the proverbial iceberg cutting the flow of carbon into the atmosphere" (p 150). That sentence is contained in the in a higher place book published in 2015. The two economists writing Climate Shock haven't been proven wrong yet.

They approximate a 10 percent chance of catastrophic global warming of 6°C (11°F) past 2100 with accompanying sea level rise from 1 to three feet and a possible extreme of 66 feet. Their solution, non unique, is to "stick it to carbon" going from a current average global carbon cost of negative $-15 per ton to $40 per ton, once again not unique to these economists.

The first three chapters were somewhat confusing to me, but that is probably due to my lack of cognition about economics. The final 4 chapters are much better in my opinion and if you get-go reading with affiliate iv with the supposition of the 10 percentage chance of catastrophic change you probably haven't missed much from capacity 1 through 3. In total this book is 152 pages not counting its extensive notes portion. Although dated, it's worth checking out.

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Jun 15, 2020 S rated it it was ok

I highly recommend you do not read this book. It'due south core is an argument for a carbon taxation, which keeps getting repeated in different forms, advert nauseum. Wrapped around this are a few basic facts near global warming, a long glossary, a huge amount of footnotes, a short epilogue on some deportment y'all can have (vote, finish flying, divest). In that location is also an interesting department on "crowding out" which is where there are only and so many "good" deportment i can commit- and that some people recycle but fly, whic I highly recommend you do non read this book. It's core is an argument for a carbon tax, which keeps getting repeated in different forms, advertizing nauseum. Wrapped around this are a few basic facts about global warming, a long glossary, a huge amount of footnotes, a short epilogue on some deportment you lot can accept (vote, stop flying, divest). There is also an interesting section on "crowding out" which is where there are but so many "expert" actions one tin commit- and that some people recycle only fly, which is a thou times worse. That chip was interesting. Thus maybe 1.v stars

Importantly, the book has near nada to do with the championship. Information technology hardly talks at all about economic or social consequences of climatic change. Information technology gets deep into some economic models, mentions a few economic theories, and is just random. It talks a fair bit about geoengineering, just only at the level of a popular mag commodity- really surface stuff.

Don't waste your time hither! Its one of the least coherent, useful or interesting books I've picked up in a long time. At to the lowest degree it was brusque :)

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I enjoyed the refresher on basic climate maths - a scary reminder of why I decided to work on free energy and climate modify to begin with. You'd likewise struggle to find a book likewise-written as this that better articulates the archetype economist response to ascent emissions: put a price on carbon and nosotros tin all get home. This is presented every bit self-evident rather when I'd argue information technology is anything but - certainly necessary, but non sufficient. Serious discussion of politics sorely lacking. I enjoyed the creat I enjoyed the refresher on basic climate maths - a scary reminder of why I decided to work on energy and climate change to begin with. Y'all'd also struggle to find a book as well-written as this that better articulates the classic economist response to rising emissions: put a toll on carbon and we can all go home. This is presented every bit cocky-axiomatic rather when I'd contend it is anything only - certainly necessary, simply not sufficient. Serious discussion of politics sorely lacking. I enjoyed the creative and in many ways quite thoughtful treatment of the practical and moral risks associated with geoengineering, though my own views differ somewhat from the authors. Scaremongering might be a useful and sobering antitoxin to overzealous techno-optimism, but if the "complimentary-driver" consequence ways that geoengineering is more likely a question of when rather than if, I experience we have an obligation to remember difficult about how to do it "well" (any that means). ...more than

This is an OK book with two chief points. Carbon should be taxed and nosotros shouldn't engage in geoengineering. (Although, from my perspective, industrialization is geoengineering our planet.) I didn't realize the extent that instead of taxing carbon many nations really subsidize fossil fuels. Also, the bespeak that the potential "unknown unknowns" increase the need for action was interesting. The comparing to taking out insurance on low probability events was a good one, and I thought convincing. I This is an OK book with two main points. Carbon should be taxed and we shouldn't engage in geoengineering. (Although, from my perspective, industrialization is geoengineering our planet.) I didn't realize the extent that instead of taxing carbon many nations actually subsidize fossil fuels. Also, the point that the potential "unknown unknowns" increment the need for action was interesting. The comparing to taking out insurance on depression probability events was a skilful 1, and I thought disarming. I really doubt I'm going to hurt someone with my machine, merely I take insurance in case I do. I hedge my investment bets. Why not put significant effort into combating climate change, which well-nigh scientists agree will dramatically change our world?

Downsides to the book, it's repetitive and preachy.

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Although the volume's title advertises its principal theme as the *economic* consequences of climate change, it primarily deals with the commonage action problems associated with responding to this issue. This wasn't what I was expecting when I purchased this book to read, but it still ended upwards being fairly compelling. Wagner and Weitzman practice a decent job of breaking down the obstacles associated with tackling climate change, including the uncertainty of its likelihood and impact, the challenge of gett Although the volume's title advertises its chief theme as the *economic* consequences of climatic change, information technology primarily deals with the collective action problems associated with responding to this issue. This wasn't what I was expecting when I purchased this volume to read, merely it still ended up existence fairly compelling. Wagner and Weitzman do a decent job of breaking down the obstacles associated with tackling climate change, including the uncertainty of its likelihood and impact, the challenge of getting societies to shoulder the costs, and the risk of unintended consequences that proposed solutions may inflict. ...more

Feb 21, 2022 Evelyn rated it liked it

I agree with some of the reviews, I don't know where the author want to go with his narratives, and information technology reads like the only primary message I got from this volume near climatic change economical shock: we don't know how much the shock will cost, which is understandable because it does non have the measurable dependent variable exist. Overall, this is more of an economic science advocacy book other than the intro of economic knowledge and models of climate change. Even on this side, Emission trade and cap, carb I agree with some of the reviews, I don't know where the author want to get with his narratives, and it reads like the only main message I got from this book near climate change economic shock: we don't know how much the daze will cost, which is understandable because it does not accept the measurable dependent variable be. Overall, this is more of an economics advocacy book other than the intro of economic noesis and models of climate change. Even on this side, Emission trade and cap, carbon tax, and divestment, tell me something I don't know. I call back this volume is just too old even though it's merely 7yrs erstwhile. ...more

December 18, 2018 Joe rated information technology liked information technology

Fine overview, nice to have all the basic economic ideas about climatic change in ane spot. The authors provide a skillful overview of the science, including what'southward even so unpredictable. So they explain the economic science of how we might cope with information technology. In that location'south more here on geoengineering (due east.grand., shooting sulfur into the atmosphere to counteract the effects of global warming) than I would have expected, largely because they think it will be cheap enough that someone will have a financial incentive to practise information technology Fine overview, nice to have all the basic economical ideas about climate change in one spot. The authors provide a adept overview of the science, including what's even so unpredictable. Then they explain the economics of how we might cope with it. There's more here on geoengineering (east.m., shooting sulfur into the atmosphere to counteract the effects of global warming) than I would have expected, largely because they call back information technology will exist cheap plenty that someone will have a financial incentive to practise it (in contrast to reducing CO2 emissions, which may have too many international gratuitous rider problems to get correct).

Certainly non an optimistic book. But it's pretty short, so if y'all're looking for a good overview on what you demand to know about climate change, this is a proficient one.

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Apr 23, 2018 Stephen rated information technology liked it

Recommends it for: climate model-builders

Recommended to Stephen by: Miranda

Not about climate science only about making decisions of the utmost importance nether the utmost uncertainty. Explains dissimilar methods of pricing carbon, examines pros and cons of geoengineering. Does not go equally much as I'd accept liked into utility of a carbon tax. Makes a big point that the futurity price of carbon should not be discounted more 2% at the most, simply alas I could not get understand why. I want this on my shelf of climate reference books. Extensive terminate notes are a plus. Not about climate science but about making decisions of the utmost importance under the utmost uncertainty. Explains different methods of pricing carbon, examines pros and cons of geoengineering. Does not go as much as I'd take liked into utility of a carbon taxation. Makes a large bespeak that the hereafter price of carbon should non be discounted more than ii% at the near, simply alas I could not get understand why. I want this on my shelf of climate reference books. All-encompassing end notes are a plus. ...more

October 04, 2018 Jess Sohn rated information technology did not similar it

I could only get halfway through before giving up on this. I'k pretty disappointed and surprised by how bellyaching I was since I concur with the premise! The authors are economists, not writers, and fail to organize their thoughts into a clearly digestible narrative, and instead scatter paragraph length sections of unconvincing ideas or inscrutable figures and graphs (with question marks for figures!) in a random fashion.

I'll exist attempting Naomi Klein's book on the same subject area next.

I could only get halfway through before giving upwards on this. I'm pretty disappointed and surprised by how annoyed I was since I agree with the premise! The authors are economists, not writers, and fail to organize their thoughts into a conspicuously digestible narrative, and instead scatter paragraph length sections of unconvincing ideas or inscrutable figures and graphs (with question marks for figures!) in a random way.

I'll exist attempting Naomi Klein's book on the same subject next.

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This is not a bad book, but it is not bang-up, either. It is rather short. You lot tin can tell information technology is an amalgamation of various papers considering each affiliate presents in a very unique way. There is nothing overly revealing in this book. However, the topic is valid and the approach is sound. Sometimes dry. Sometimes entertaining. E'er sobering.

Aug xv, 2017 Vaibhav rated it liked it

While the volume offers an in depth assay of global warming with facts and figures, storyline is loose and leaves wondering of the logical sequence of sections. Feels more similar reading a scientific paper than an scientific journalism book.

Thought the book was like Cliffnotes covering the climate crisis of Global Warming. I wanted something to dig my teeth into a little more, this actually didn't offer that. But, ultimately, can't arraign that on the book, that was its purpose. Merely didn't really love information technology.

Aug 25, 2017 Maren rated information technology it was ok

Couldn't fifty-fifty terminate it. I was reading Lab Girl at the same fourth dimension and could inappreciably pay attention to this 1 because it was not engaging at all. Couldn't even stop information technology. I was reading Lab Girl at the same fourth dimension and could hardly pay attention to this 1 because it was non engaging at all. ...more

Was expecting more...

A bit of a mess, I am afraid. Clearly written in a blitz and would have needed more time and try.

climate through a neoliberal economic lens. slap-up if yous want anemic discussions on asset pricing and discount rates

Sep twenty, 2020 Danya rated it actually liked it

I found it very helpful in suggesting a disciplined approach to addressing how best to respond to, or at least, assess abrupt climatic change.

Sep xiii, 2019 Caroline rated it actually liked information technology

I read information technology considering I saw that the authors were recommended as foremost climate economists. There were a few main points that I understood and made sense: the uncertainty and impossibility of forecasting how long we accept before life on earth as we know information technology becomes impossible; how to forecast or judge costs of various means of mitigation; geoengineering may be the least costly method but results are unpredictable and almost importantly, rogue practitioners could greatly endanger everyone and would I read information technology because I saw that the authors were recommended as foremost climate economists. There were a few main points that I understood and made sense: the uncertainty and impossibility of forecasting how long we have earlier life on world every bit we know information technology becomes impossible; how to forecast or gauge costs of various means of mitigation; geoengineering may be the least plush method but results are unpredictable and most importantly, rogue practitioners could greatly endanger everyone and would be close to impossible to control, so best not to even endeavor that method; if y'all want to profit from the new situation, divest from fossil fuels at present. The argue betwixt carbon taxing and carbon cap and trade was presented: I don't see why both a tax and a cap (but no trade) could not be implemented.

The presentation kind of rambled in spots, and I recollect some humour was injected but I wasn't savvy enough to be sure.

...more than

Gernot Wagner is an economist at the Environmental Defense Fund. He teaches at Columbia and graduated from both Harvard and Stanford. He doesn't consume meat, doesn't drive, and knows full well the futility of his personal choices.

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