The economics of climate change: a post-stern perspective

被引:0
作者
Geoffrey Heal
机构
[1] Columbia University,Columbia Business School
来源
Climatic Change | 2009年 / 96卷
关键词
Climate Change; Ecosystem Service; Discount Rate; Marginal Utility; Natural Capital;
D O I
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中图分类号
学科分类号
摘要
What have we learned from the outpouring of literature as a result of the Stern Review of the Economics of Climate Change? A lot. We have explored the model space and the parameter space much more thoroughly. The Stern Review has catalyzed a fundamental rethinking of the economic case for action on climate change. We are in a position to give some conditions that are sufficient to provide a case for strong action on climate change, but we need more work before we have a fully satisfactory account of the relevant economics. In particular, we need to understand better how climate change affects natural capital—the natural environment and the ecosystems comprising it—and how this in turn affects human welfare.
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页码:275 / 297
页数:22
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