Note--On the Timing of Greenhouse Gas Emissions Reductions: A Final Rejoinder to the Symposium on "The Economics of Climate Change: The Stern Review and its Critics"

In this final rejoinder to the symposium on "The Economics ofClimate Change: The Stern Review and Its Critics," we respondto comments published in the last issue of this journal by RobertMendelsohn, Thomas Sterner and U. Martin Persson, and John P.Weyant (Mendelsohn et al. 2008). In particular, we examine thepoint of debate with arguably the greatest practical importancefor ongoing negotiations over an international agreement tosucceed the Kyoto Protocol: namely the appropriate timing ofglobal reductions in greenhouse gas emissions. Too often in the past, this debate has been presented as onebetween the poles of "act now" and "wait-and-see". Weyant (seeWeyant's