Research

The Economic Fundamentals of Global Warming

December 8, 2007

The costs of greenhouse gas mitigation can be shifted to future generations by reducing current investment, rather than by reducing current standards of living.

This suggests that we should finance mitigation, including compensation of current generations for the substituting away from carbon intensive energy, through borrowing. This paper explores the value of the shift to less carbon intensive energy to people in future generations.

Authors: Duncan Foley
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