Costs and Benefits of Greenhouse Gas Reduction is one in a series of new AEI studies related to the globalization of environmental policy. These studies will focus on specific issues, such as global climate change, and on the new international arrangements required to deal with them.
Little will be done in the near future to reduce greenhouse gas emissions - providing an opportunity to develop programmes for research, subsidization, and regulation. This text focuses on specific issues, such as global climate change, and the institutional arrangements required to deal with them.
Thomas C. Schelling
Thomas Crombie Schelling (born 14 April 1921) is an American economist and professor of foreign affairs, national security, nuclear strategy, and arms control at the School of Public Policy at University of Maryland, College Park. He is also co-faculty at the New England Complex Systems Institute. He was awarded the 2005 Nobel Memorial Prize in Economic Sciences (shared with Robert Aumann) for "having enhanced our understanding of conflict and cooperation through game-theory analysis".