While economics can be "quite valuable for approaching ordinary policy problems," dealing with climate change is different, he said. This distinction stems from differences in the distribution of ...

Chart 1 depicts the probability distribution of the GIVE model estimates for 2030. As Chart 1 illustrates, the EPA’s estimates of the SCC via the GIVE model are highly skewed in nature.

de Soysa therefore calls for new solutions and ways of thinking that can ensure a more even distribution and also protect the climate—and new technology is undoubtedly the most comfortable solution.