To start, you need to briefly discuss some of the impacts of climate change. Th
To start, you need to briefly discuss some of the impacts of climate change. Then you should describe how policies "should" be implemented: the economic benefits should exceed the economic costs. Then you should discuss some of the features of climate change that make this calculation difficult. See reading 1 for these. These features include: slow, incremental damage that is hard to attribute to climate change; some agents will not see the benefits and so only care about the costs; regional variation in consequences; uncertainty about future trends. You do not have to cover all these features, just a few. What are the consequences of climate change in terms of temperatures, precipitation, and volatility What are impacts of these consequences? For this you need the Carleton-Hsian paper (attached here as Reading 1) What are the economic values of these impacts? For these you need to interpret the dose-response functions into dollars. You do not have to list all the economic impacts of climate change, just a few (at least 3 but ideally a few more)

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