2 Climate Change Policy Choices

The risks from policy are becoming increasingly well-known. The question is how to manage these risks. Assuming there is a genuine problem, which is possible to overcome through policy, what are we doing to make a real difference? The policy curve gradient assumes there must exist a set of policy options which are low cost, high impact (LC-HI) as well as the high cost, low impact (HC-LI).

There are two possible types of policies which should be avoided. First are those with costs, but with zero impact (C-ZI) and second are those with a net negative impact (NNI). All of these costs may include unintended consequences, which may not be fully recognized.

The choice is quite clear. Policy creation and policy implementation requires a high degree of focus in driving through effective emission reductions.


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1 Comment

  1. Brian H

     /  October 11, 2013

    You have just described the complete set of climate mitigation initiatives.

    Reply

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