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Climate Shock: The Economic Consequences of a Hotter Planet
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If you had a 10% chance of having a fatal car accident, you'd take necessary precautions. If your finances had a 10% chance of suffering a severe loss, you'd reevaluate your assets.
So if we know the world is warming and there's a 10% chance this might eventually lead to a catastrophe beyond anything we could imagine, why aren't we doing more about climate change right now? We insure our lives against an uncertain future—why not our planet?
In "Climate Shock", Gernot Wagner and Martin Weitzman explore in lively, clear terms the likely repercussions of a hotter planet, drawing on and expanding from work previously unavailable to general audiences.