Environmental Economics

Video 200 of 245 from the course: Development Economics
Twitter HashTag: #MRUDevEcon
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Let's assume you are deluded enough to still believe in Global Warming; even under such an assumption it is perfectly possible that a warmer World will bring benefits that make any of the damages worth having. After all Economics is the science of trade-offs: more CO2 and warmth will increase food production and will make food cheaper, something that will benefit poor people the most; cold weather kills a lot more people than hot weather does, so a warmer World will be a safer World, especially for older people. The Roman Optimum wasn't called that for nothing!

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