Richard B. Howarth, Can We Afford the Future? The Economics of a Warming World, The Solutions Journal, Volume 1, Issue 3, May 2010, Pages 50-51 (https://www.thesolutionsjournal.com/article/can-we-afford-the-future-the-economics-of-a-warming-world/) Abstract: For the last two decades, the following narrative has powerfully and decisively shaped debates over climate stabilization: Cutting greenhouse gas emissions would impose large economic costs. The impacts of climate change are uncertain and too far in the future to justify early action. Society’s scarce resources would be better spent on investments that increase economic output in both the short and long runs. In this new and important book, Frank Ackerman takes aim at this reasoning and suggests a solution to the problem that hardheaded economics is at loggerheads with softhearted environmentalism. The book’s argument is built around the following four bumper stickers for better economics: Your grandchildren’s lives are important. We need to buy insurance for the planet. Climate damages are too valuable to have prices. Some costs are better than others. Let’s consider each of these points in turn. First, Ackerman acknowledges that … Topics: Climate Change; Economy