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Adaptation Cost Estimation - Asia Pacific Adaptation Network
Adaptation Cost Estimation - Asia Pacific Adaptation Network

... increase the cost of achieving the Millennium Development Goals in Africa by up to 40%* * Fankhauser and Schmidt-Traub (2011): From Adaptation to Climate-Resilient Development: The Costs of Climate-Proofing the Millennium Development Goals in Africa ...
Climate Change, Intergenerational Equity, and International Law
Climate Change, Intergenerational Equity, and International Law

... the Chicago Climate Exchange, which is expected to be launched at the end of May 2008. The Villach Article refers to international environmental agreements in other areas. In the past twenty years, there have been significant developments in agreements to control pollution and protect ecosystems in ...
Psychological research and global climate change
Psychological research and global climate change

... appeal (to get their tyre pressure checked) than to a nature-focused or even a neutral appeal52. Research shows that non-financial factors, such as the symbolic value of a behaviour as an expression of identity or status and beneficial effects to the environment, may have greater effects on adoption ...
Weitzman2009-Modeling-Economics-ClimateChange.pdf
Weitzman2009-Modeling-Economics-ClimateChange.pdf

... necessary) thoughts about what this all means for climatechange policy. The next section argues that, were one forced to specify a “best guess” estimate of the extreme bad tail of the relevant probability density function (PDF) of what might eventually happen if only gradually ramped-up remedies are ...
On Modeling and Interpreting the Economics of Catastrophic
On Modeling and Interpreting the Economics of Catastrophic

... necessary) thoughts about what this all means for climatechange policy. The next section argues that, were one forced to specify a “best guess” estimate of the extreme bad tail of the relevant probability density function (PDF) of what might eventually happen if only gradually ramped-up remedies are ...
Tall tales and fat tails: the science and economics of extreme warming
Tall tales and fat tails: the science and economics of extreme warming

... literature. We focus here on uncertainty about the climate sensitivity, S, and the heat capacities, Ceff and Cup . 2.1 Climate sensitivity The value of S is not known with certainty. Instead, over the last two decades a large literature has emerged that seeks to quantify uncertainty about S via prob ...
Removing Climate Change as a Barrier to Economic Progress
Removing Climate Change as a Barrier to Economic Progress

... was probably right. If Clark had written more deeply on a smaller number of issues he may have been regarded more highly in the formal ways of the economics profession. But I am glad of how he spent his time. There is no shortage of economists digging deeper on small ground. Clark’s work on national ...
02_Lunch_BWielicki Economic Value - A
02_Lunch_BWielicki Economic Value - A

... value than using a temperature trigger (factor of 2) – SW CRF decadal change signal varies more directly with climate sensitivity and over a wider range of signal – CLARREO reflected solar calibration advance is larger (factor of 5 to 10) than infrared (factor of 3 to 5) – Shorter autocorrelation ti ...
The Stern Review - Productivity Commission
The Stern Review - Productivity Commission

... The Earth’s global and mean energy balance Changes in carbon dioxide concentrations Global average near surface temperatures 1850-2005 Global temperature record, Vostok ice core data Multi-modal averages and assessed ranges for global warming The Stern Review’s climate scenarios Stabilisation levels ...
vsi09 cc Anthoff  10154597 en
vsi09 cc Anthoff 10154597 en

... Mirrlees and Stern‟s (1972) definition of the balanced growth equivalent is for a single decision maker. It seems that the Stern Review‟s calculation of welfare measures is based on globally averaged per capita income and total population figures2. The Stern Review suggests that a more appropriate a ...
Working Paper 217 - Bettis et al 2016 (opens in new window)
Working Paper 217 - Bettis et al 2016 (opens in new window)

... Growth Institute. It has nine research programmes: 1. Adaptation and development 2. Carbon trading and finance 3. Ecosystems, resources and the natural environment 4. Energy, technology and trade 5. Future generations and social justice 6. Growth and the economy 7. International environmental negoti ...
This PDF is a selection from a published volume from... Research Volume Title: The Economics of Climate Change: Adaptations Past and...
This PDF is a selection from a published volume from... Research Volume Title: The Economics of Climate Change: Adaptations Past and...

... damages. The distinction between multiplicative and additive welfare specifications may seem arcane, but I explain why it can make a surprisingly significant difference in the evaluation of future scenarios involving both high temperatures and high consumption. There are a great many structural uncer ...
Do we need more precise and accurate predictions in order to adapt
Do we need more precise and accurate predictions in order to adapt

... Do we need more precise and accurate predictions in order to adapt to a changing climate? Many scientists have called for a substantial new investment in climate modelling in order to increase the accuracy, precision and reliability of climate predictions. Such investments are typically justified by ...
The Climate Beta
The Climate Beta

... cost of carbon (i.e. the present social value of damages from incremental carbon emissions), just as an asset β is known to be the main determinant of the asset price. Indeed, over the last 150 years in the United States financial markets have exhibited a real risk-free rate and a systematic risk pr ...
Psychology and Climate Change - Australian Psychological Society
Psychology and Climate Change - Australian Psychological Society

... Climate change is regarded as the most serious global health threat of the 21st Century (Costello et al., 2009). The major threats, both direct and indirect, come from changing patterns of disease, water and food insecurity, vulnerable shelter and human settlements, extreme climatic events such as m ...
Climate Change Legislation in Context
Climate Change Legislation in Context

... Congress is finally taking climate change seriously, or at the very least is engaged in a flurry of activity regarding greenhouse gas emissions. The Lieberman-Warner Climate Security Act made it out of the Senate Environment and Public Works Committee, and vigorous debates are taking place over the ...


... the interventions should take into consideration the complementarities in terms of reduced cases and costs (increased benefits) between two or more diseases. ...
Costs of Climate Change in Developed Countries
Costs of Climate Change in Developed Countries

... reduce the output obtainable with a given supply of capital and labour, because output is jointly dependent on all three factors of production. In practice, either the productivity of capital and labour is directly reduced, or a portion of the output produced in a given year is destroyed that same y ...
Presentation (power point file)
Presentation (power point file)

... Residual damages ...
climate change and action - Center for urban disaster risk reduction
climate change and action - Center for urban disaster risk reduction

... they are more vulnerable to other stresses,” and that, “[t]his condition is most extreme among the poorest people.” Indeed, currently13, there are over 400 cities with populations of one million or more, and a large proportion of them are located in low- and middle-income nations and in hazard-prone ...
PDF
PDF

... (1997) argue that the irreversibility effect could in principle go either way, but their modeling analysis tends to indicate the desirability of less short-term emissions control. Torvanger (1997) shows that the effect depends on the nature of the risk (constant versus positively related to cumulati ...
Meeting the needs of Future Generations
Meeting the needs of Future Generations

... Young people hold a legitimate interest in the outcome of ongoing negotiations in both the climate and development processes. Their concerns extend beyond the lifetimes of the negotiators, yet the climate and development negotiations will ultimately determine whether the world in which they live out ...
Debate Capitalism and Climate Change: Can the Invisible Hand
Debate Capitalism and Climate Change: Can the Invisible Hand

... carbon-capture and renewable energy technologies, drastically downsizing their investments in clean energy. The Kyoto Protocol and the European Union’s Emission Trading System (EU-ETS) have produced no demonstrable reductions in emissions (Lohmann, forthcoming); in fact, during the last decade, the ...
Debate Capitalism and Climate Change: Can the Invisible Hand
Debate Capitalism and Climate Change: Can the Invisible Hand

... carbon-capture and renewable energy technologies, drastically downsizing their investments in clean energy. The Kyoto Protocol and the European Union’s Emission Trading System (EU-ETS) have produced no demonstrable reductions in emissions (Lohmann, forthcoming); in fact, during the last decade, the ...
The Economics of Climate Change in East Asia
The Economics of Climate Change in East Asia

... • Under the BAU scenario the average losses in East Asia due to climate change could amount to 5.3% of GDP by 2100. • Adaptation can reduce the damage due to climate change but it is not sufficient to reduce the expected cost of climate change to a low level. • Reliance upon zero cost reductions wil ...
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Stern Review

The Stern Review on the Economics of Climate Change is a 700-page report released for the British government on 30 October 2006 by economist Nicholas Stern, chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and also chair of the Centre for Climate Change Economics and Policy (CCCEP) at Leeds University and LSE. The report discusses the effect of global warming on the world economy. Although not the first economic report on climate change, it is significant as the largest and most widely known and discussed report of its kind.The Review states that climate change is the greatest and widest-ranging market failure ever seen, presenting a unique challenge for economics. The Review provides prescriptions including environmental taxes to minimise the economic and social disruptions. The Stern Review's main conclusion is that the benefits of strong, early action on climate change far outweigh the costs of not acting. The Review points to the potential impacts of climate change on water resources, food production, health, and the environment. According to the Review, without action, the overall costs of climate change will be equivalent to losing at least 5% of global gross domestic product (GDP) each year, now and forever. Including a wider range of risks and impacts could increase this to 20% of GDP or more, also indefinitely. Stern believes that 5–6 degrees of temperature increase is ""a real possibility.""The Review proposes that one percent of global GDP per annum is required to be invested to avoid the worst effects of climate change. In June 2008, Stern increased the estimate for the annual cost of achieving stabilisation between 500 and 550 ppm CO2e to 2% of GDP to account for faster than expected climate change.There has been a mixed reaction to the Stern Review from economists. Several economists have been critical of the Review, for example, a paper by Byatt et al. (2006) describes the Review as ""deeply flawed"". Some economists (such as Brad DeLong and John Quiggin) have supported the Review. Others have criticised aspects of Review's analysis, but argued that some of its conclusions might still be justified based on other grounds, e.g., see papers by Martin Weitzman (2007) and Dieter Helm (2008).
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