Bréchet, Thierry; Tulkens, Henry - Fondazione ENI Enrico Mattei (FEEM) - 2013
That climate policies are costly is evident and therefore often creates major fears. But the alternative (no action …) also has a cost. Mitigation costs and damages incurred depend on what the climate policies are; moreover, they are … substitutes. This brings climate policies naturally in the realm of benefit-cost analysis. In this paper we illustrate the “direct …