In general, economists like William Nordhaus. He understands the role of prices, has highlighted the value of innovation, and received a Nobel Prize in 2018 for tackling the costs and benefits of global warming. That work revealed that the costs of trying to mitigate global warming too severely can outweigh the benefits. But David Henderson,…
Search Results for: climate change
Search for Profits Will Spur Adaptation to Climate Change
Let’s suppose that global temperatures keep increasing. Can we adapt? Yes, says UCLA professor Matthew E. Kahn, writing for PERC Reports. “As millions of U.S. households and billions of people around the world seek new solutions to adapt to climate change, there is a huge market for firms that can devise products that help people…
A Warning to Republicans on Climate Change
Ben Zycher has a message for Republicans: The Democrats have the facts about climate change all wrong, but they still hold the moral and so-called “scientific” high ground. Republicans and other conservatives should not dismiss their claims but understand and explain why they are off-base. Zycher, a senior fellow at the American Enterprise Institute, writes…
The Grumpy Economist Considers Climate Change
“The economic effects of climate change are dwarfed by growth,” writes John H. Cochrane on his blog, “The Grumpy Economist.” He proceeds to point out: “Take even worst-case estimates that climate change will lower GDP by 5-10% in the year 2100. Compared to growth, that’s couch change. At our current tragically low 2% per year, without…
What Exactly Will the SEC Do on Climate Change?
Speculation is growing about how the SEC, under the new chair, Gary Gensler, will address climate change. In the Insurance Journal, Ben Bain reports on the SEC’s possible actions: “The U.S. Securities and Exchange Commission may make corporations reveal more about climate risks in key regulatory filings, a push that Wall Street and the biggest…
Court Decides Climate Change Is Not a ‘Nuisance’
Activists have been suing fossil fuel owners on the grounds that they create a nuisance by emitting greenhouse gases. In the most recent case, the City of New York sued Chevron, ExxonMobil, and other oil companies. On April 1, the Second Circuit Court of Appeals unanimously ruled against the use of nuisance, which is adjudicated…