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By:Gernot Wagner,Martin L. Weitzman
Published on 2016-04-19 by Princeton University Press

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How knowing the extreme risks of climate change can help us prepare for an uncertain future If you had a 10 percent chance of having a fatal car accident, you'd take necessary precautions. If your finances had a 10 percent chance of suffering a severe loss, you'd reevaluate your assets. So if we know the world is warming and there's a 10 percent chance this might eventually lead to a catastrophe beyond anything we could imagine, why aren't we doing more about climate change right now? We insure our lives against an uncertain future—why not our planet? In Climate Shock, Gernot Wagner and Martin Weitzman explore in lively, clear terms the likely repercussions of a hotter planet, drawing on and expanding from work previously unavailable to general audiences. They show that the longer we wait to act, the more likely an extreme event will happen. A city might go underwater. A rogue nation might shoot particles into the Earth's atmosphere, geoengineering cooler temperatures. Zeroing in on the unknown extreme risks that may yet dwarf all else, the authors look at how economic forces that make sensible climate policies difficult to enact, make radical would-be fixes like geoengineering all the more probable. What we know about climate change is alarming enough. What we don't know about the extreme risks could be far more dangerous. Wagner and Weitzman help readers understand that we need to think about climate change in the same way that we think about insurance—as a risk management problem, only here on a global scale. With a new preface addressing recent developments Wagner and Weitzman demonstrate that climate change can and should be dealt with—and what could happen if we don't do so—tackling the defining environmental and public policy issue of our time.

This Book was ranked at 35 by Google Books for keyword Environmental Economics.

Book ID of Climate Shock's Books is 1arPCgAAQBAJ, Book which was written byGernot Wagner,Martin L. Weitzmanhave ETAG "AZvkVHLPnXc"

Book which was published by Princeton University Press since 2016-04-19 have ISBNs, ISBN 13 Code is 9781400880768 and ISBN 10 Code is 1400880769

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Book which have "272 Pages" is Printed at BOOK under CategoryBusiness and Economics

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