Safe Climate Policy is Affordable – 14 Reasons

There is a widespread sentiment that a sufficiently stringent climate policy, i.e. considerable reduction of greenhouse gas emissions to avoid extreme climate change, will go along with tremendous economic costs for society. Various climate cost-benefit analyses and climate policy cost assessments have calculated these costs, but all of them are characterized by debatable assumptions. Moreover, cost-benefit analyses have excluded relevant damage cost categories. This paper argues that safe climate policy is not excessively expensive. To this end, fourteen perspectives on the costs of climate policy are offered.