stern report
tlambert | February 12, 2009Eric Pooley writes about the consensus amongst economists on global warming. While they disagree on exactly what we should do, they agree on two things: the cost of inaction is much greater than the cost of action, and the cost of action is only about 1% of GDP. He concludes:
Journalists have missed the economic consensus partly because economists are such a querulous bunch--they argue bitterly among themselves even when they agree. When I asked Stavins about the Stern Review, for example, he criticized Stern's methodology and didn't mention that he concurs with most of Stern's broad…