Tag: mathematically equivalent

Is it true that more carbon dioxide and additional warming will be beneficial

Is it true that more carbon dioxide and additional warming will be beneficial

Briefly, theĀ  answer is yes. First, Nordhaus correctly states that net benefits (benefits minus costs) should be maximized. This is mathematically equivalent to the well-known result that one should increase pollution control as long as marginal benefits exceed marginal costs. As an expert economist, however, Nordhaus should expand his discussion of more important points: The […]

February 24, 2013 | By More