The Cost of Slowing Climate Change: a Survey

Abstract

Policies to deal effectively and efficiently with the threat of greenhouse wanning must balance the costs of slowing climate change against the potential damages. This survey discusses one half of this question, the costs of slowing climate change by reducing greenhouse gas (GHG) emissions. The analysis provides estimates of the cost of reducing chlorofluorocarbon and C02 emissions, and inquires into the costs of using forestry options to remove C02 front the atmosphere. A promising new approach, the use of geoengineering is discussed qualitatively.