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Are Climate Change Mitigation Policies a Form of Insurance? Analysis

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In a previous post, I walked through one of the take-away messages from the latest IPCC report: Using middle-of-the-pack projections, the likely damages from climate change are actually less than what reputable studies estimate as the costs of government action to curb carbon dioxide emissions, such as a carbon tax or cap-and-trade scheme. In other words, even stipulating the entire IPCC framework and numbers, one can make a …

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