Climatic Change
Vol. 110, Issue 3/4, Pages 507-521
February 2012
Abstract
Climate change is more uncertain, more
global, and more long-term than most issues facing humanity. This
trifecta makes a policy response that encompasses scientific
correctness, public awareness, economic efficiency, and governmental
effectiveness particularly difficult. Economic and psychological
instincts impede rational thought. Elected officials, who cater to and
foster voters' misguided beliefs, compound the soft thinking that
results. Beliefs must change before unequivocal symptoms appear and
humanity experiences the climate-change equivalent of a life-altering
heart attack. Sadly, it may well take dramatic loss to jolt the
collective conscience toward serious action. In the long run, the only
solution is a bottom-up demand leading to policies that appropriately
price carbon and technological innovation, and that promote ethical
shifts toward a world in which low-carbon, high-efficiency living is
the norm. In the short term, however, popular will is unlikely to drive
serious action on the issue. Policy makers can and must try to overcome
inherent psychological barriers and create pockets of certainty that
link benefits of climate policy to local, immediate payoffs. It will
take high-level scientific and political leadership to redirect
currently misguided market forces toward a positive outcome.
Citation
Wagner, Gernot, and Richard Zeckhauser. "Climate Policy: Hard Problem, Soft Thinking." Climatic Change 110.3/4 (February 2012): 507-521.