THE ECONOMICS OF THE FIGHT AGAINST CLIMATE CHANGE

Tjasa Redek ()
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Tjasa Redek: University of Ljubljana

Economic Thought and Practice, 2010, vol. 19, issue 2, 311-329

Abstract: The paper analyzes the economic perspectives of dealing with climate change. Recent data shows that concentration of greenhouse gasses significantly increased since industrial revolution, which is causing temperature increases and consequently many unfavourable developments. There are three options to dealing with climate change: (1) do nothing, (2) try to adapt and (3) fight against climate change. Each option is related to some economic costs. The article presents a review of estimates of economic costs related with each option.

Keywords: climate change; costs; mitigation; adaptation (search for similar items in EconPapers)
JEL-codes: Q54 (search for similar items in EconPapers)
Date: 2010
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