Computer models of global climate changecaused by increasing carbon dioxide in the atmosphere predictnot only higher overall temperatures, but also more intense andfrequent heat waves. During the devastating European heatwave in the summer of 2003, between 35,000 and 52,000“excess deaths” occurred. Before taking specific actions toreduce carbon dioxide emissions, economists and politicians tryto estimate the costs. Should excess deaths be included as acost of inaction? If so, what value should we place on a life?
Computer models of global climate changecaused by increasing carbon dioxide in the atmosphere predictnot only higher overall temperatures, but also more intense andfrequent heat waves. During the devastating European heatwave in the summer of 2003, between 35,000 and 52,000“excess deaths” occurred. Before taking specific actions toreduce carbon dioxide emissions, economists and politicians tryto estimate the costs. Should excess deaths be included as acost of inaction? If so, what value should we place on a life?
Chapter1: Making Economics Decisions
Section: Chapter Questions
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| Computer models of global climate change caused by increasing carbon dioxide in the atmosphere predict not only higher overall temperatures, but also more intense and frequent heat waves. During the devastating European heat wave in the summer of 2003, between 35,000 and 52,000 “excess deaths” occurred. Before taking specific actions to reduce carbon dioxide emissions, economists and politicians try to estimate the costs. Should excess deaths be included as a cost of inaction? If so, what value should we place on a life? |
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