RFF paper urges economists to stress climate urgency

A new paper by the think tank Resources for the Future (RFF) is pressing economists to integrate the urgency of reducing greenhouse gas emissions into their analyses of climate change policy in a bid to increase the potential for near-term action. “For decades, economists have identified the climate change problem as an externality problem that leads to a market failure and a potential role for government intervention,” says the May 31 paper by RFF fellow Lawrence Goulder. “Yet economists can...