CLIMATE SHOCK

Reviewed 7/28/2016

Climate Shock, by Wagner & Weitzman

Access to this book courtesy of the
San Jose, CA Public Library
CLIMATE SHOCK
The Economic Consequences of a Hotter Planet
Gernot Wagner
Martin L. Weitzman
Princeton: Princeton University Press, 2015

Rating:

4.5

High

ISBN-13 978-0-691-15947-8
ISBN-10 0-691-15947-5 250pp. HC/GSI $27.95

Errata

Page 45: "Unfortunately, HFCs are a hundred to over 10,000 times as potent as carbon dioxide when it comes to global warming. Good thing we only use it in small quantities..."
  Number error: S/B "them".
Page 53: "Figure 3.2 doesn't seem to support the authors' conclusion of a greater than 10% chance of temperatures exceeding 6°C."
  Probably they mean to integrate the area under the curve to the right of the vertical line at 6°. This should be mentioned in the text, and indicated by shading that region of the graph.
Page 55: "That looks like the manifestation of a fat tail, if there ever was one (even though strictly speaking we don't even assume that property in our calculations; our tail is 'heavy,' not quite 'fat' in statistical terms).."
  If this distinction is important enough to mention, it is important enough to explain.
Page 99: "As a result, we fly too much and saddle society with enormous costs: seven billion times $40, to be exact."
  Straw man: Assumes everyone on Earth uses commercial air travel, which is absurd.
Page 105: "Instead of white surfaces radiating the sun's rays back into space, darker waters and surfaces tend to absorb it..."
  Number error: S/B "them". Also, "sun" should be capitalized.
Page 143: "You have $1 billion under management to invest in such a world."
  I do? I never knew I was among the 0.1%. But seriously, this enormous amount is never justified.
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