Why Economics of Climate Change?

Anthropogenic climate change is a scientific fact. It may be regarded as the greatest challenge humanity has ever imposed over itself. Yet, it is an extremely complex challenge. It has, of course, a scientific component – without the advances in science, especially in climatology (but also, e.g., physics and geology), we probably wouldn’t be aware of the problem we face. Furthermore, as Kristen Sheeran rightly notes,

[m]any will argue that, at its core, the climate crisis is about ethics, rights, and responsibilities.

But, why is there economics of climate change? Do we need it? And if yes, what for? Continue reading