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Discounting Climate Costs

Economic analysis of climate change and climate policies is fraught with many problems. Uncertainty and imprecision surround fundamental scientific and economic factors, such as, for example, how much warming will result from a doubling of carbon-dioxide (CO2) levels and how much damage is done by a given change in average world temperature. This paper addresses the following question: How does economic analysis compare costs and benefits when they occur at different times? ....

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Consequences of Paris Protocol: Devastating Economic Costs, Essentially Zero Environmental Benefits

During the 2015 United Nations Climate Change Conference in Paris, President Barack Obama met with world leaders from around the globe to discuss plans to combat climate change. The general consensus from the summit was that the use of natural resources, such as coal, oil, and natural gas which provide 80 percent of the world’s energy needs should be avoided. Furthermore, industrialized, rich countries should pay for poor countries to build more renewable power and address climate change. ....

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2017 Global Agenda for Economic Freedom

Foreword The promotion of economic freedom at home and abroad is essential not only for a genuine and sustained revitalization of the U.S. economy, but also to strengthen U.S. national security. In 2010, the United States fell from the highest category of economically free countries (those with overall scores above 80) in the Index of Economic Freedom. It has been stuck in the ranks of the “mostly free,” second-tier economic freedom category ever since. ....

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