Cost-Benefit Analysis of Climate Change: Stern Revisited

Abstract

This paper explores the challenges facing orthodox economic approaches to assessing climate control as if it were appraisal of an investment project. Serious flaws are noted in the work of economists with especial attention to the UK Government report by Stern and colleagues. The opinions expressed in this paper are those of the authors and may not be taken to reflect the views CSIRO or the Australian Government.enhanced greenhouse effect, global CBA, Stern Report