×

Uh-oh, it looks like your Internet Explorer is out of date.

For a better shopping experience, please upgrade now.

Climate Shock: The Economic Consequences of a Hotter Planet
     

Climate Shock: The Economic Consequences of a Hotter Planet

4.0 1
by Gernot Wagner
 

See All Formats & Editions

ISBN-10: 0691159475

ISBN-13: 9780691159478

Pub. Date: 02/22/2015

Publisher: Princeton University Press

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

Overview

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.

Product Details

ISBN-13:
9780691159478
Publisher:
Princeton University Press
Publication date:
02/22/2015
Pages:
264
Sales rank:
1,322,362
Product dimensions:
5.60(w) x 8.60(h) x 1.10(d)

Table of Contents

Preface to the Paperback Edition ix
Preface: Pop Quiz xi
Chapter 1. 911 1
Chapter 2. 411 30
Chapter 3. Fat Tails 48
Chapter 4. Willful Blindness 80
Chapter 5. Bailing Out the Planet 92
Chapter 6. 007 116
Chapter 7. What You Can Do 128
Epilogue: A Different Kind of Optimism 148
Acknowledgments 153
Notes 155
Bibliography 207
Index 243

Customer Reviews

Average Review:

Post to your social network

     

Most Helpful Customer Reviews

See all customer reviews

Climate Shock: The Economic Consequences of a Hotter Planet 4 out of 5 based on 0 ratings. 1 reviews.
Anonymous More than 1 year ago
Both well-researched and very readable, Climate Shock reframes the discussion on climate change from if climate change poses a threat, to the implications of uncertainty regarding global temperature rise. The book walks the reader through climate change as a risk-management problem, showing the dire consequences of inaction and making an urgent argument for action from an economic perspective. Bottom line—we wouldn’t take a 10 percent gamble on an asset or on our own lives, why would we do so with the planet? Climate Shock takes a perspective on the problem of climate change that is new in non-academic literature, and I would highly recommend it, especially to the reader who is already familiar with climate change.