Climate Shock :The Economic Consequences of a Hotter Planet

Publication subTitle :The Economic Consequences of a Hotter Planet

Author: Wagner Gernot;Weitzman Martin L.;Wagner Gernot  

Publisher: Princeton University Press‎

Publication year: 2016

E-ISBN: 9781400880768

P-ISBN(Paperback): 9780691171326

Subject: P467 Climate change, climate history

Keyword: 大气科学(气象学),环境科学理论,世界政治,环境经济学

Language: ENG

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Description

If you had a 10 percent chance of having a fatal car accident, you'd take necessary precautions. If your finances had a 10 percent chance of suffering a severe loss, you'd reevaluate your assets. So if we know the world is warming and there's a 10 percent chance this might eventually lead to a catastrophe beyond anything we could imagine, why aren't we doing more about climate change right now? We insure our lives against an uncertain future--why not our planet?

In Climate Shock, Gernot Wagner and Martin Weitzman explore in lively, clear terms the likely repercussions of a hotter planet, drawing on and expanding from work previously unavailable to general audiences. They show that the longer we wait to act, the more likely an extreme event will happen. A city might go underwater. A rogue nation might shoot particles into the Earth's atmosphere, geoengineering cooler temperatures. Zeroing in on the unknown extreme risks that may yet dwarf all else, the authors look at how economic forces that make sensible climate policies difficult to enact, make radical would-be fixes like geoengineering all the more probable. What we know about climate change is alarming enough. What we don't know about the extreme risks could be far more dangerous. Wagner and Weitzman help readers understand that we need to think about climate change in the same way that we think about insurance--as a risk management problem, only here on a global scale.

With a new preface addressing

Chapter

Chapter 2. 411

Chapter 3. Fat Tails

Chapter 4. Willful Blindness

Chapter 5. Bailing Out the Planet

Chapter 6. 007

Chapter 7. What You Can Do

Epilogue: A Different Kind of Optimism

Acknowledgments

Notes

Bibliography

Index

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