Will taking dramatic measures to reduce carbon emissions throw our economy into a nosedive? Or will we make a relatively stable transition to sustainability? It's unclear to us. And economic models, for all their apparent certainty, are themselves based on speculative assumptions. That's what makes Yale professor Robert Repetto's website See For Yourself so useful. He lets you explore the economic effects of carbon reduction based on your own assumptions about the kind of carbon-limiting legislation that's likely to pass and how we'll all adjust to it.
Repetto explains in this somewhat tedious video, but we recommend you just head here.