This briefing provides a summary of a recent paper in Nature Climate Change, written by Professor Myles Allen, Drivers of Peak Warming in a Consumption Maximising World. Professor Allen, Co-Director of the Oxford Martin Programme on Resource Stewardship, asks 'How hot does it get in a world of classical economist?' and goes on to examine the implications of following a classical cost-benefit approach to climate change mitigation. He concludes that early investment in carbon capture and storage technologies is vital for limiting peak warming. The briefing explains why in two pages.
How hot does it get in a world of classical economists?
06 April 2016
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