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November 4, 2009

"Seeking an unbiased approach to cost-benefit analysis for stronger regulations"

Policy Brief Release

This morning, Policy Integrity released its latest report, Economists &Climate Change: Consensus and Open Questions featuring the results of a survey of top expert economists. 

Most expert economists agree: reducing our greenhouse gas emissions can help avoid a major economic malfunction and spur incentives for innovation.

Click here to read the briefing.

The Participants: 144 Elite Economists

The survey was sent to 289 economists who published an article regarding climate change in the top twenty-five economic journals over the last fifteen years—144 of those responded.  By focusing only on the best economists with expertise on climate change, we achieved a  high response rate, increasing  statistical validity and reducing the risk of error.

Click here for more information on the participants.

FINDINGS FROM ECONOMISTS & CLIMATE CHANGE:

Economies at Risk:

84% of expert economists respondents agree or strongly agree that climate change creates "significant risks to important sectors in the US and global economy."

Climate Action Makes Economic Sense:

Nearly three quarters (73%) of respondents agree or strongly agree that uncertainty increases the value of emissions control measures.  

U.S. Should Proceed With A Global Treaty:

Most respondents said the United States should commit to emissions reductions through a global treaty (94.3% total) with 57% stating that the United States should commit to reductions "regardless of the actions other countries take."  

Click here for a summary and more results.

For more information, contact Edna Ishayik at EdnaI@nyu.edu or (212) 998-6085




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