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Climate change, economics and hope: a comment on Brennan *
Author(s) -
Marshall Graham R.
Publication year - 2010
Publication title -
australian journal of agricultural and resource economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.683
H-Index - 49
eISSN - 1467-8489
pISSN - 1364-985X
DOI - 10.1111/j.1467-8489.2009.00474.x
Subject(s) - public good , argument (complex analysis) , dilemma , law and economics , mainstream , government (linguistics) , scientific consensus , free rider problem , positive economics , face (sociological concept) , economics , politics , political science , climate change , public economics , global warming , neoclassical economics , sociology , law , epistemology , social science , ecology , biochemistry , chemistry , philosophy , linguistics , biology
(1) Reducing carbon emissions constitutes a global public good. (2) An authoritative consensus exists within the economics profession that free-rider problems in providing large-group public goods cannot be solved without a government intervening to compel cooperation. (3) Establishing a government capable of compelling international cooperation in reducing carbon emissions is ‘hopelessly implausible’. (4) International efforts to reduce carbon emissions will therefore fail. (5) Australia should accept climate change as inevitable and focus on adapting to it.