The Cost of Climate Policy

The Cost of Climate Policy. Reducing greenhouse gas emissions is a major environmental challengefacing the world. We all want to reduce the risks of global warming,but how much will this cost? What will it mean on a personal, business,or community level? And what policy responses should we expect from ourgovernments?The Cost of Climate Policy sheds light on these pressingissues. The authors look at the challenges of estimating the costs ofgreenhouse gas emission reduction to help readers understand howdifferent definitions of costs and different assumptions abouttechnological and economic evolution affect the estimates that are sohotly debated today. Using Canada as their focal point, the authorslook specifically at the impact of emission reduction policies onenergy prices, technology options, and lifestyle choices.The book concludes with concrete proposals for overcoming theconstraints of environmental policy making and the high initial costsof action. Policy makers need to know as much as possible about thecosts of taking action to reduce greenhouse gas emissions. Asindispensable as this book will be to policy analysts, it is also animportant primer for a wider range of readers interested in theeconomic implications of climate change.