High costs, little gain

Last Updated: Saturday 04 July 2015 | 03:16:47 AM

The Carbon Crunch: How We’re Getting Climate Change Wrong—and How to Fix It. By Dieter Helm. Yale University Press; £20

The Carbon CrunchFor 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.

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