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Don't Buy This Climate Insurance Policy

At the Wall Street Journal today, Greg Ip is selling “an insurance policy” on climate change. It’s not much of a pitch. “Even if you’re unconvinced by the scientific consensus on climate change,” he writes, you should acknowledge the “risk of serious economic damage.” He believes a carbon tax mitigates that risk at reasonable cost. One proposal he highlights would “reduce annual economic growth by a barely perceptible 0.
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