Policymakers are being pressured to address the threat of climate change. Most of the focus so far has been on "sticks", in the form of government restictions on greenhouse gas emissions. This book argues that "carrots" are a more humane and cost-effective way for policymakers to address climate-sensitive problems. Like it or not, we live in a world characterised by scarce resources. All decisions have costs and tradeoffs to make, and how, in response to incentives. It is here that the social science - specifically, economics - can make an important contribution to the climate debate.
Climate change is inevitable; we know not what it will entail, and there is close to nothing we can do about it. But climate change would, in any event, probably be better on balance than human-made stagnation.