Climate policy targets revisited

Richard S J Tol 25 April 2014

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The Stern Review of the Economics of Climate Change is the most famous economic assessment of climate policy (Stern et al. 2006). The Stern Review puts the costs of unmitigated climate change at 5–20% of GDP (now and forever), it estimates that the cost of stabilising atmospheric concentrations around 525 ppm CO2e are 1% of GDP (in 2050), and recommends that concentrations be stabilised around 500 ppm CO2e.1

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Topics:  Environment

Tags:  climate change, emissions, externalities, greenhouse gases, pollution, carbon, cost-benefit analysis

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