Another Problem of Monetizing the Losses from Climate Change

I already have written on why monetizing the losses from climate change must lead to flawed results and therefore to flawed reaction proposals (see here). But there still are other problems related to taking GDP estimates as the basis for analyzing the economics of climate change, which I haven’t mentioned.

The notion of one of these problem comes from one of the most prominent mainstream economists, himself a participator in Bjørn Lomborg‘s Copenhagen Consensus – Thomas Schelling. Continue reading