Smart Solutions to Climate Change: Comparing Costs and Benefits

climate change, one may wonder whether stimulating economic growth or emission abatement is the better way to reduce the effects of climate change.

total cost studies

In contrast to small-scale public investment projects, the climate change problem is: • international • intergenerational • uncertain and ambiguous • non-marginal • (partly) irreversible and non-linear.

GWP estimate of about 25 compared to CO2 over a 100-year time horizon

All these measures aim at improving feed conversion efficiency,

It is more constructive to consider the range of policy responses that we have, and to identify what we can do in different areas.

the mean global value taken from studies that employed reasonable discount rate and value of life assumptions is less than $25 per ton of CO2.10

transactions between agents within the same economic system. There is no loss of primary resources; therefore only second-order effects (whose sign is a priori ambiguous) affect GDP and income.

are not held constant across solutions.