February 22, 2007

The relative impact of climate change

Richard Tol in a comment on Prometheus:
The better impact studies tend to find that climate change is important, but not as important as all the other changes that are going on. The impact of climate change on yields, say, will be small compared to the impacts of technological change; and all the negative effects of climate change on tropical agriculture can be offset by doing away with the Common Agricultural Policy.

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