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