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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.