Bøger af Gernot Wagner

How knowing the extreme risks of climate change can help us prepare for an uncertain futureIf you had a 10 percent chance of having a fatal car accident, you'd take necessary precautions. If your finances had a 10 percent chance of suffering a severe loss, you'd reevaluate your assets. So if we know the world is warming and there's a 10 percent chance this might eventually lead to a catastrophe beyond anything we could imagine, why aren't we doing more about climate change right now? We insure our lives against an uncertain future-why not our planet?In Climate Shock, Gernot Wagner and Martin Weitzman explore in lively, clear terms the likely repercussions of a hotter planet, drawing on and expanding from work previously unavailable to general audiences. They show that the longer we wait to act, the more likely an extreme event will happen. A city might go underwater. A rogue nation might shoot particles into the Earth's atmosphere, geoengineering cooler temperatures. Zeroing in on the unknown extreme risks that may yet dwarf all else, the authors look at how economic forces that make sensible climate policies difficult to enact, make radical would-be fixes like geoengineering all the more probable. What we know about climate change is alarming enough. What we don't know about the extreme risks could be far more dangerous. Wagner and Weitzman help readers understand that we need to think about climate change in the same way that we think about insurance-as a risk management problem, only here on a global scale.With a new preface addressing recent developments Wagner and Weitzman demonstrate that climate change can and should be dealt with-and what could happen if we don't do so-tackling the defining environmental and public policy issue of our time.

Climate shocks - and the many negative climatic tipping points - are all too real. So are positive, economic ones pointing in theright direction. The climate race is on, and despite the best attempts by some, there's no going back. Low-carbon, high-efficiency technologies will only get better and cheaper over time. Oil, coal, and gas, meanwhile, are commodities, whose prices will always fluctuate due to geopolitical vagaries and other factors out of our control. The best medicine for addressing "fossilflation"? Getting off fossil fuels.In this collection of over a dozen globally syndicated columns, written over the past year since the US Infl ation Reduction Lawbecame law, climate economist Gernot Wagner takes a sober look at both unmitigated climate risks and the trillion-dollarbusiness opportunities of the clean-energy race. Not every company or country will win. The one clear winner: the planet.Wagner lays out in clear, crisp language what it takes to take advantage of the opportunities, how to avoid some of thepitfalls, and how the EU and the rest of the world should respond to the US.

In Climate Shock, Gernot Wagner and Martin Weitzman explore in lively, clear terms the likely repercussions of a hotter planet, drawing on and expanding from work previously unavailable to general readers. They show that the longer we wait to act, the more likely it is that an extreme event will happen. Wagner and Weitzman help readers understand that we need to think about climate change in the same way that we think about insurance--as a risk management problem, only here on a global scale. Demonstrating that climate change can and should be dealt with--and what could happen if we don't do so--Climate Shock tackles the defining environmental and public policy issue of our time.