A wind turbine rises above field near the Austrian-Slovakian border during late afternoon on May 20, 2009.
Politicians and media outlets of different stripes paint wildly different pictures of the effect of environmental regulation on the economy. How aggressively should policy makers regulate carbon emissions? Do climate change laws hurt the economy—or help it? Which studies of cost are being taken out of context—and by whom? New York Times columnist and economist Paul Krugman looks at areas of agreement and controversy among environmental economists, writing, “we can afford to tackle climate change.”
Paul Krugman, author of Green Economics: How We Can Afford to Tackle Climate Change in Sunday’s New York Times magazine; New York Times columnist; 2008 winner of Nobel Prize in economics.