Can We Afford the Future?: The Economics of a Warming World
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In this book, Frank Ackerman offers a refreshing look at the economics of climate change, explaining how conventional economic theories get in the way of understanding this urgent problem. The benefits of climate protection are vital but priceless, and often devalued in cost-benefit calculations. Modest preparation for the most predictable outcomes of global warming is less important than secure protection against the growing risk of catastrophic change; massive investment in new, low carbon technologies and industries is life insurance for the planet. Ackerman makes an impassioned plea to construct a better economics, arguing that if we can't afford the future, what are we saving our money for?
1 The status quo is not an option 12 Your grandchildren's lives are important 153 We need to buy insurance for the planet 284 Climate damages are too valuable to have prices 415 Some costs are better than others 556 Hot, it's not: climate economics according to Lomborg 707 Much less wrong: the Stern Review versus its critics 828 Climate, equity, and development 979 What is to be done? 113Notes 133References 140Index 146
