The book investigates the economic implications and policy challenges of global warming. Rudiger Dornbusch, a distinguished economist, examines the scientific consensus on climate change and its potential impacts on global economies. The work presents an argument for proactive policy interventions, drawing on economic theory and data to outline the costs of inaction versus the costs of mitigation. It addresses the complexities of international cooperation and the role of economic incentives in addressing this environmental crisis.

This work is recognized for its rigorous economic analysis of global warming, offering a perspective grounded in economic theory and data. It is noted for its examination of policy implications and the challenges of international climate action. The book is considered a valuable contribution to the discourse on environmental economics and policy.