With progress on reaching a global agreement on greenhouse gas emissions more or less stalled, what should we do now about climate change? Pretty much anything we can think of that meets the test of political reality and passes a benefit-cost test. That, in a nutshell, is the conclusion of 26 social scientists who met in October to honor Nobelist Tom Schelling under the auspices of the University of Manchester’s Sustainable Consumption Institute. We agree – which should be no surprise since one of us (Hahn) organized the conference and both of us signed the statement. Of course, our collective thoughts on the subject didn’t quite fit in a nutshell: Check out at the actual text, published as an open letter on VoxEU, the policy web portal of the Centre for Economic Policy Research.
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Get On With It |
Professor Dieter Helm (Oxford) is a very fine fly fisherman, and an even better economist. If you haven’t done so, take a look at his new book “The Carbon Crunch: How We Are Getting Climate Change Wrong — and How to Fix It” for a bit of unconventional wisdom. He argues that politicians and the general public have not shown any real interest in addressing climate change. Helm argues that places like Europe should focus on setting a price for carbon that would cover consumption (and not just production), and that fracking could be a good “bridge” technology for reducing consumption of coal. The book is readable and insightful for those interested in the inside track on climate policy. 
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