One of the most under-appreciated aspects of the climate change problem is the so-called "fat tail" of risk. In short, the likelihood of very large. Climate Shock: The Economic Consequences of a Hotter Planet In Climate Shock, Gernot Wagner and Martin Weitzman explore in lively, clear terms the likely. Climate Shock The Economic Consequences of a Hotter Planet Gernot Wagner & Martin L. Weitzman. Editions. Hardcover. ISBN.


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These assumptions were not defended, and the authors seemingly are completely oblivious that they are even being made.

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A dollar today is worth more than a dollar ten or thirty years from now. But what does this idea of discount rates actually mean? That the economy is climate shock going to be getting bigger, a highly questionable assumption? Risk, Uncertainty, and Economics for a Warming World on climate, climate shock I also disagree with and have critiqued in a Goodreads reviewso this gave me another reason to drop the book.

I do agree that we should have a steep carbon tax, but this reasoning is faulty and ultimately circular. The whole problem with our economy is the takeover of the natural and wild parts of the planet by the human economy.

The economy is part of the larger environment, not vice versa, and we are undermining the environment. Putting an economic price on this takeover assumes that it is already part of the human economy, or should be.

But this co-optation of climate shock environment climate shock precisely the problem, because it is supports and underlies the economy.

Climate Shock

Just stop taking over every last square inch of the planet already! Once you figure this out, get back to me.

We should instead just reach an independent decision, based climate shock scientific and environmental considerations, of what we need to do to preserve climate shock environment and what kind of world, basically, we want to live in: The same holds true for the climate crisis.

Let's avoid doing to the planet what we did to the economy, and let's begin by taking the economics of climate change seriously. Climate Shock shows conclusively how bad the problem truly is and how we can fix it.

Something to put off while we deal with more immediate threats? Then Climate Shock will open your eyes. Leading economists Wagner climate shock Weitzman explain, in simple, understandable terms, why we face an existential threat in human-caused climate change.

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The authors lay out the case for taking out a planetary insurance policy, without delay, in the form of market mechanisms aimed at keeping carbon emissions below dangerous levels. Mann, author of The Hockey Stick and the Climate Wars "Cutting through the fog of excuses, obfuscation, and misguided solutions, Climate Shock takes a clear look at the risks and dangers of inaction on climate change.

Wagner and Weitzman climate shock the urgent need for fact-based, rational analysis of climate shock environmental challenges so that we can move forward in the quickest and most practical way possible.

They explain how climate shock same political barriers to addressing the problem will leave nations racing to deflect the damage through geoengineering. For anyone interested in the new risk landscape of our changing climate, Climate Shock is a compelling and highly recommended read.


It's an climate shock guidebook to how the climate debate will unfold over the coming decade. But first and foremost, it's a call to action.

Climate shock Climate Shock, Gernot Wagner and Martin Weitzman explore in lively, clear terms the likely repercussions of a hotter planet, drawing on and expanding from climate shock previously unavailable to general audiences.

They show that the longer we wait to act, the more likely an extreme event will happen.