SEI Contact: Frank Ackerman
Can We Afford the Future? Economics as if Climate Change Mattered
Dr. Frank Ackerman of SEI is writing this, the first in a new series from Zed Books of short, popular books on economic policy.
According to many scientists, climate change is a growing threat to life as we know it, requiring a large-scale, immediate response. According to many economists, climate change is a moderately important problem; the best policy is a slow, gradual start, to avoid spending too much. They can't both be right.
Ackerman argues that the solutions are affordable and the alternative is unthinkable. The benefits of climate protection are vital but priceless, and hence often devalued in cost-benefit calculations.
Preparation for the most predictable outcomes of global warming is less important than protection against the growing risk of catastrophic change; massive investment in new, low carbon technologies and industries should be thought of as life insurance for the planet.
Can We Afford the Future? The Economics of a Warming World
By Frank Ackerman
Zed Books, 2009 (distributed in the U.S. by Palgrave Macmillan)