A Looming Policy Disaster

8 Pages Posted: 29 Oct 2008 Last revised: 23 Apr 2013

Jason Scott Johnston

University of Virginia - School of Law; PERC - Property and Environment Research Center

Date Written: 2008

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.

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

Suggested Citation

Johnston, Jason Scott, A Looming Policy Disaster (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. Available at SSRN: https://ssrn.com/abstract=1290749

Jason Scott Johnston (Contact Author)

University of Virginia - School of Law ( email )

580 Massie Road
Charlottesville, VA 22903
United States

PERC - Property and Environment Research Center

2048 Analysis Drive
Suite A
Bozeman, MT 59718
United States

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