Climate Change and Economics

Discussions about global climate change and its consequences have become a commonplace in recent years. Despite great price dispersion, specialists have a consensus of opinion that damage owing to natural disasters will build up. As for the economic side of the matter, analysis is often limited to calculating losses already sustained and private forecasts concerning individual economic sectors and human activities. The author is one of the few specialists who views the economic consequences of climate change complexly and tries to prove with facts and figures that economic policy in the contemporary world must be formed with regard to natural factors as its most important imperatives.