Energy & Green Tech
Climate change is likely to increase U.S. electricity costs over the next century by billions of dollars more than economists previously forecast, according to a new study involving a University of Michigan researcher.
Feb 7, 2017
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The economics of global warming refers to the projected size and distribution of the economic costs and benefits of global warming, and to the economic impacts of actions aimed at the mitigation of global warming. Estimates come from a variety of sources, including integrated assessment models, which seek to combine socio-economic and biophysical assessments of climate change.
At an Intergovernmental Panel on Climate Change (IPCC) conference in April 2007, delegates from 120 nations discussed the specific economic and societal costs of mitigating global warming, and eventually approved the IPCC Fourth Assessment Report.
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