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A Sketch of the Economics of the Greenhouse Effect

2016; American Economic Association; Volume: 81; Issue: 2 Linguagem: Inglês

1944-7981

William D. Nordhaus,

Global Energy and Sustainability Research

Over the last decade, scientists have studied extensively the greenhouse effect, which holds that the accumulation of carbon dioxide (CO2) and other greenhouse gases (GHGs) is expected to produce global warming and other significant climatic changes over the next century (see Stephen Schneider, 1989). The present study presents an economic approach for analyzing policies to slow climate change.