This is a guest post by Brandon Shollenberger
Global warming is, if you'll forgive the pun, possibly the most heated topic of debate this century. While most debate over it focuses on extreme weather, sea level rise and climatic events, there is another part. This is the part that focuses on the economics of global warming. That is, how will global warming affect our wallets?
At the forefront of this debate is Richard Tol, professor of economics at the University of Sussex. His work on the economics of global warming is relied upon by climate skeptics like Matt Ridley, who has used it to argue, “Climate change has done more good than harm so far and is likely to continue doing so for most of this century,” based on graphs like: