The Economics of the Climate

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Average: 3.3 (6 ratings)

CFA Digest
February 2018 | Vol. 48 | No. 2
Source: CFA Institute
Geoffrey Heal
Butt Man-Kit, CFA (Reviewer)



Global warming could be disastrous to productivity and inflict massive costs on society in the future. Policymakers must strike a balance between economic growth and environmental sustainability. This decision is not easy to make because of uncertainties in constructing forecasts, choosing model parameters, and building international trust. The author reviews the major literature in this area and recommends specific policy choices.

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