Environment
High costs, little gain
The Carbon Crunch: How We re Getting Climate Change Wrong and How to Fix It. By Dieter Helm. Yale University Press; 20
For many people, the great problem of climate change has been a failure of regulation and political will. Not so, says Oxford University economist Dieter Helm. It’s not the failure of regulation but their basic design: they have caused people to focus on the most expensive ways of mitigating climate change, rather than the cheapest, imposing high costs for little gain.