The Green Frontier: Assessing the Economic Implications of Climate Action
2024
Abstract
The primary goal of climate change policies is to reduce harmful atmospheric emissions in order to limit the increase in the average global temperature to 1.5 degrees C above preindustrial levels. Without such policies, the frequency and severity of extreme climate events - including but not limited to droughts, floods, and heat waves - is projected to increase rapidly, leading to increases in sea level, crop failure, mass migration, famine, and other catastrophic outcomes.
Citation
Lawrence, Robert Z. "Climate Action: Implications for Factor Market Allocation." The Green Frontier: Assessing the Economic Implications of Climate Action. Ed. Jean Pisani-Ferry and Adam Posen. Washington, D.C.: Peterson Institute, 2024, 283-330.