Global climate change caused by accumulation of greenhouse gases in the atmosphere has been referred to as a “wicked problem” due to its complexity, severity, and apparent political intractability. In this talk on controlling climate change on September 23, 2014, World Bank economist Mike Toman first briefly sketched the nature of the policy challenge for cutting global emissions, drawing on economic and risk management perspectives. In the second part of the talk he provided information on the policies for and costs of mitigating greenhouse gas emissions, and the implications for addressing both economic development and climate change. In the third and last part, Mike discussed the underlying political-economy challenges in establishing credible and effective international agreements across a number of countries to control climate change.
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