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The Climate Policy Dilemma

Research and Teaching Output of the MIT Community

Show simple item record Pindyck, Robert S. 2012-08-06T20:53:54Z 2012-08-06T20:53:54Z 2012-07
dc.description.abstract Climate policy poses a dilemma for environmental economists. The economic argument for stringent GHG abatement is far from clear. There is disagreement among both climate scientists and economists over the likelihood of alternative climate outcomes, over the nature and extent of the uncertainty over those outcomes, and over the framework that should be used to evaluate potential benefits from GHG abatement, including key policy parameters. I argue that the case for stringent abatement—if it can be made at all—cannot be based on the kinds of modeling exercises that have permeated the literature, but instead must be based on the possibility of a catastrophic outcome. I discuss how an analysis that incorporates such an outcome might be conducted. en_US
dc.language.iso en_US en_US
dc.publisher MIT CEEPR en_US
dc.relation.ispartofseries CEEPR Working Papers;2012-009
dc.rights An error occurred on the license name. en
dc.rights.uri An error occurred getting the license - uri. en
dc.title The Climate Policy Dilemma en_US
dc.type Working Paper en_US
dc.identifier.citation CEEPR-WP-2012-009 en_US

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