Reconciling Good Environmental Practices with Good Economic Ones
Back in October, the World Bank released a study estimating that it would cost the developing world between $75-100 billion per year starting in 2010 to adapt to the impacts of climate change. A similar study by the International Institute for Environment and Development (IIED) and the Grantham Institute released around the same time projects costs that are at least double that amount. The $25 billion range in the World Bank's estimate depends on rainfall, with overall wetter conditions raising the cost.
On Thursday's show, we're exploring the economics of climate change with Peter Brown, McGill University professor and author of "Right Relationship: Building a Whole Earth Economy" and Eileen Claussen, the Pew Center on Global Climate Change's president. It's a complex topic with many variables, but one of the many useful resources out there is Tufts Unversity Economist Frank Ackerman's work and lectures, which break the economics and science down into more easily digestible parts.