Gernot Wagner and Martin Weitzman
The Economic Consequences of a Hotter Planet
This event includes a book signing
March 27, 2015
Harvard Book Store
1256 Massachusetts Ave., Cambridge, MA 02138
This event is free; no tickets are required.
Harvard Book Store welcomes lead senior economist at the Environmental Defense Fund GERNOT WAGNER and professor of economics at Harvard University MARTIN WEITZMAN for a discussion of their book Climate Shock: The Economic Consequences of a Hotter Planet.
If you had a ten percent chance of having a fatal car accident, you'd take necessary precautions. If your finances had a ten percent chance of suffering a severe loss, you'd reevaluate your assets. So if we know the world is warming and there's a ten percent chance this might eventually lead to a catastrophe beyond anything we could imagine, why aren't we doing more about climate change right now? We insure our lives against an uncertain future—why not our planet?
In Climate Shock, Gernot Wagner and Martin Weitzman explore in lively, clear terms the likely repercussions of a hotter planet, drawing on and expanding from work previously unavailable to general audiences. They show that the longer we wait to act, the more likely an extreme event will happen. A city might go underwater. A rogue nation might shoot particles into the Earth's atmosphere, geoengineering cooler temperatures. Zeroing in on the unknown extreme risks that may yet dwarf all else, the authors look at how economic forces that make sensible climate policies difficult to enact, make radical would-be fixes like geoengineering all the more probable. What we know about climate change is alarming enough. What we don't know about the extreme risks could be far more dangerous. Wagner and Weitzman help readers understand that we need to think about climate change in the same way that we think about insurance—as a risk management problem, only here on a global scale.
Demonstrating that climate change can and should be dealt with—and what could happen if we don't do so—Climate Shock tackles the defining environmental and public policy issue of our time.
Walking from the Harvard Square T station: 2 minutes
As you exit the station, reverse your direction and walk east along Mass. Ave. in front of the Cambridge Savings Bank. Cross Dunster St. and proceed along Mass. Ave for three more blocks. You will pass Au Bon Pain, JP Licks, and TD Bank. Harvard Book Store is located at the corner of Mass. Ave. and Plympton St.
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