Climate Change Economics

The economics of climate change refers to the study of the economic costs and benefits of climate change, along with the economic impact of actions aimed at limiting its effects. Initially most economics research on climate change employed simple cost-benefit analyses framed by two key questions:  the potential costs of cutting greenhouse-gas emissions and if such reductions be achieved without sacrificing economic output. In other words: do the costs of climate change prevention outweigh its possible benefits, or vice-versa