Why Economic Models Don't Capture Climate Risks Properly
By Matthew Yglesias
I can't vouch for the details of the forecast, but this report predicting 100 million otherwise avoidable deaths due to rising global temperatures by 2030 is a great illustration of why conventional economic cost-benefit analyses of global climate change don't really work. The killer sentence is "more than 90 percent of those deaths will occur in developing countries."
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