The precautionary principle has been invoked to justify a policy of aggressive greenhouse gas (GHG) emission controls that would go beyond "no regrets" actions to reduce global warming. However, this justification is based upon selectively applying the principle to the potential public health...

Some advocates of drastic greenhouse gas controls claim that the costs of global warming are underestimated and that a proper accounting of the full costs raises the specter of economic and political instability, conflict and mass migration as weak governments in developing countries with low...

The United States has long suffered from a schizophrenia about energy policy. The importance of one of the factors in energy policy, the environment, has never been formally defined. Climate change adds another distinct layer to this complexity, as neither energy policies nor environmental...

The Ramsey rule for the consumption rate of discount assumes a transfer of money of a (representative) agent at one point in time to the same agent at another point in time. Climate policy (implicitly) transfers money not just over time but also between agents. I propose three alternative...