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A Looming Policy DisasterJason Scott JohnstonUniversity of Virginia - School of Law; PERC - Property and Environment Research Center 2008 Regulation, Vol. 31, No. 3, Fall 2008 U of Penn, Inst for Law & Econ Research Paper No. 08-30 U of Penn Law School, Public Law Research Paper No. 08-48 Abstract: The recent wave of global warming legislation and litigation represents a triumph for climate change activists. But it is in no way a rational, economically sound response to the problems potentially raised by global warming. It ignores the likely costs and benefits of global warming on American's health and welfare, and about the ability of the United States to act alone to alter possible future paths of global warming. The far-distant future may indeed bring a climate catastrophe, but if we do not now take a sustained and critical look at climate change economics and science, an imminent policy catastrophe is a sure thing.
Number of Pages in PDF File: 8 Keywords: global warming, environment, regulation, climate change, climate, geenhouse gas, emissions, Lieberman-Warner Climate Security Act, temperature, carbon dioxide, Clean Air Act, air pollutants JEL Classification: D23, D61, H11, H23, H41, K11, K32, L51, O13, Q28, Q25, Q2, Q3, Q38, Q48, Q42 Accepted Paper SeriesDate posted: October 29, 2008 ; Last revised: April 23, 2013Suggested CitationContact Information
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