I am an economist who has written broadly on microeconomics, energy and natural resource markets, and environmental economics. My recent work in environmental economics has focused on climate change, and I’ve published a book and many articles on the topic. I think it’s important to understand that while there is a lot we understand about climate change, there is also much we don’t understand, and what the uncertainty implies about what we should do. My concern is the possibility of a climate catastrophe. What are the chances, and what should we do? Those questions have driven much of my research and writing.
I wrote
Climate Future: Averting and Adapting to Climate Change
This book provides a nice introduction to the science and economics of climate change. It explains, in easy-to-understand terms, the nature of the uncertainty regarding what we might expect, and it emphasizes the possibility of an extreme climate outcome. Given that possibility, it explains the importance of “radical” forms of adaptation, an example of which is geoengineering. And the book is short enough to be read in one sitting.
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…
Nordhaus was one of the first economists to explain the nature of climate change and why dealing with it is of economic importance. In this book, he uses his DICE (Dynamic Integrated Climate and Economy) model to help explain --- at a textbook level --- how unrestricted GHG emissions can cause climate change to occur and lead to serious problems in the future. He also utilizes the model to illustrate some of the uncertainties we face when thinking about the climate system and when trying to predict the changes to expect under different policies. The book thereby provides students (and others) with a good introduction to climate change policy.
Almost all economists would agree that the best way to reduce GHG emissions is to impose a carbon tax. Don’t subsidize electric cars, and don’t subsidize wind farms. Just tax carbon emissions. But why is that the best way to reduce emissions? This book provides an excellent explanation of why a carbon tax is the most efficient way to reduce emissions. And I also recommend this book as an introduction to the economics of climate change.
This is a short introduction to the science of climate change, written by a professor of earth science at MIT, whose writings and opinions can be relied upon. The book explains a great deal about climate change in a concise but engaging manner. Highly recommended!
An updated edition of a guide to the basic science of climate change, and a call to action.
The vast majority of scientists agree that human activity has significantly increased greenhouse gases in the atmosphere—most dramatically since the 1970s. Yet global warming skeptics and ill-informed elected officials continue to dismiss this broad scientific consensus. In this updated edition of his authoritative book, MIT atmospheric scientist Kerry Emanuel outlines the basic science of global warming and how the current consensus has emerged. Although it is impossible to predict exactly when the most dramatic effects of global warming will be felt, he…
This book explains what we know and don’t know about climate change, and implications for climate policy. How will growing emissions of greenhouse gases (GHGs) affect temperatures and sea levels, and what will be the resulting damage? What should be done to avert climate change? Impose a carbon tax, and if so, how large?
We might agree on what should be done to avert climate change, but we must also ask what will be done. I show that it is unrealistic to expect worldwide GHG emissions to fall rapidly enough to prevent severe climate change. Then what should we do? The answer is to invest now in adaptation to reduce the possible impacts of climate change, and the book shows how that can be done.
