Institute for Policy Integrity

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Economist survey on the costs of climate change

November 4, 2009

In response to widespread concern about the economic effects of climate change legislation, Policy Integrity conducted a survey to determine the views of top economists about the wisdom of pursuing greenhouse gas limits. Questionnaires were circulated to every economist who had published a climate change related article in a top-20 economics journal over the past 10 years.

There were several important results, including broad consensus that climate change represented a significant risk to the U.S. economy and a median estimate of the social cost of carbon of $50, significantly higher than the value used by federal government.

Filed under Climate Change and Energy Policy, News