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Download (PDF)

... high. A potential loss for current generations could therefore be substantially reduced and may even disappear, if an efficient BAU path is used. ...
PDF
PDF

... implemented   abroad,   be   they   the   result   of   international   agreements   or   not.   This   extension  of  the  reasoning  will  be  the  topic  of  Section  5.     3.  Evaluating  two  policies  in  terms  of  both  benefit ...
The UN Intergovernmental Panel on Climate Change (IPCC) Fifth
The UN Intergovernmental Panel on Climate Change (IPCC) Fifth

... fluctuations in the amount of the Sun’s energy reaching the Earth’s surface or the exchange of energy between the oceans and atmosphere, are included and evaluated. The effects of human activities are also incorporated, including: emission of and the warming effect of greenhouse gases, emission of a ...
1 January 6, 2016 Subject to revision The George Washington
1 January 6, 2016 Subject to revision The George Washington

... discussion of possible group research projects Key questions: What are the issues involved in choosing a discount rate when evaluating long-term benefits and costs? What are useful approaches to decision-making under uncertainty and to evaluating the risk of catastrophic change? Debate topics: (1) I ...
T The Social coST of carbon
T The Social coST of carbon

... function, they then used these probabilities to derive estimates of willingness to pay to avoid harm from catastrophic climate change of between 0.45 and 1.9 percent of income for a 2.5°C warming and between 2.5 and 10.8 percent of income for a 6°C warming. These estimates of the cost of catastrophi ...
Social Costs of Greenhouse Gases
Social Costs of Greenhouse Gases

... Disclosure Project (CDP) report, 29 prominent companies based in or doing business in the United States reported that they use an internal price on carbon pollution in their financial planning, to help weigh risks and opportunities related to climate change.15 ...
Vulnerability Assessment
Vulnerability Assessment

... • Outcome vulnerability: a linear result of the projected impacts of climate change on a particular exposure unit (biophysical or social), offset by adaptation measures. • Contextual vulnerability: both climate variability and change are considered to occur in the context of political, institutiona ...
Adaptation and Mitigation
Adaptation and Mitigation

... • Some adaptation is occurring now, to(针对) observed and projected future climate change, but on a limited basis. • Adaptation will be necessary to address(deal with/应对) impacts resulting from the warming which is already unavoidable due to past emissions. • A wide array of(大量的) adaptation options(方案 ...
Environmental prices, uncertainty and learning
Environmental prices, uncertainty and learning

... which follows from the preceding discussion, is that policy makers should look to many models for evidence on the benefits and costs of environmental protection. Indeed, they should also look beyond the full set of models, taking, with due care paid to familiar weaknesses in human judgement under un ...
Targets for global climate policy An overview
Targets for global climate policy An overview

... yield different estimates, particularly if vulnerability to climate change is assumed to change with a country or region’s degree of development and if forecasts about development patterns are different. Marginal cost estimates further vary with the way in which uncertainty is treated and with how r ...
Three Views of Two Degrees - Climate Emergency Institute
Three Views of Two Degrees - Climate Emergency Institute

... A less mathematical, but equally influential assessment of the idea that there might be an important non-linear relation between global mean temperature and climate impacts was developed in the study „millions at risk“ (Parry et al. 2001). It provided an estimate of how many people would be exposed ...
PDF
PDF

... papers have dealt specifically with the question of equity weighting in relation to calculations of the social cost of carbon. Pearce, Cline et al. (1996) brought forward the idea that equity weights should be used when calculating the social cost of carbon. More recently, Stern (2006, p. 159) also ...
Economics and finance - Prairie Climate Centre
Economics and finance - Prairie Climate Centre

... Round Table on the Environment and Economics demonstrated that our changing climate has inevitable social and economic costs, including lost productivity, increased risks to human health, damage caused by extreme weather disasters and losses in vulnerable resource-based industries such as forestry. ...
Working Paper No. 405 September 2011
Working Paper No. 405 September 2011

... ESRI  working  papers  represent un‐refereed  work‐in‐progress  by  researchers  who  are  solely  responsible  for  the  content and any views expressed therein. Any comments on these papers will be welcome and should be sent to  the author(s) by email. Papers may be downloaded for personal use onl ...
NBER WORKING PAPER SERIES RISK-ADJUSTED GAMMA DISCOUNTING Martin L. Weitzman Working Paper 15588
NBER WORKING PAPER SERIES RISK-ADJUSTED GAMMA DISCOUNTING Martin L. Weitzman Working Paper 15588

... decision that must be made now, when the future productivity of capital is as yet an uncertain random variable having some probability density function (PDF). The future productivity of capital comes in the form of a permanent productivity shock that is drawn from its PDF immediately after the inves ...
Climate Change as Threat Multiplier
Climate Change as Threat Multiplier

... Climate change as a multiplier National security practitioners have described climate change as a “threat multiplier” (CNA, 2007; DOD, 2014) or an “accelerant of instability,”(DoD, 2010) which essentially means that it has the potential to exacerbate other drivers of insecurity. This includes factor ...
Rodent's rambles
Rodent's rambles

... ‘Unique ... unrivalled... this is a book that challenges the very nature of existence’ ...
Official PDF , 11 pages
Official PDF , 11 pages

... The research agenda behind much of this climate change work is to develop estimates that clarify the damages associated with increased greenhouse gas emissions and the benefits of reducing emissions, as proposed, for example, under the Kyoto Protocol of the Framework Convention on Climate Change (FC ...
Climate change, development, poverty and economics
Climate change, development, poverty and economics

... Institute. It has nine research programmes: ...
Improving Livelihoods in Semi-arid Regions of Africa Through
Improving Livelihoods in Semi-arid Regions of Africa Through

... Continued land degradation—whether from climate change, unsustainable agriculture or poor management of water resources, is a threat to food security, leading to starvation among the most acutely affected communities and robbing the world of productive land (Pender et al. 2009). In addition, many po ...
The trade-off between intra- and intergenerational equity in climate
The trade-off between intra- and intergenerational equity in climate

... countries or within a country. Studies such as Tol et al., 2000; Tol, 2002a,b, and Yohe et al., 2007 show that some sectors will lose from climate change while others will benefit, and poor countries are likely to face relatively higher negative impacts than rich countries. Several economic studies ...
Working Paper WP 2015-06 April 2015
Working Paper WP 2015-06 April 2015

... the consequences of greenhouse gas pollution, going well beyond straightforward reduction of clean air in the future to temperature change and its repercussions, will be borne by generations yet unborn. Clearly, a market where they can express their demand for clean air to today’s consumers of clean ...
NBER WORKING PAPER SERIES THE CLIMATE POLICY DILEMMA Robert S. Pindyck
NBER WORKING PAPER SERIES THE CLIMATE POLICY DILEMMA Robert S. Pindyck

... The discount rate used to do this, which I will denote by δ, is called the pure rate of time preference, but since we are looking at welfare for society as a whole, we will call it the social rate of time preference. What is the “correct” value for this discount rate? We know from a broad range of s ...
powerpoint - Mitigation and Adaptation Research Institute (MARI)
powerpoint - Mitigation and Adaptation Research Institute (MARI)

... Impacts of Climate Change (see http://www.whitehouse.gov/the-pressoffice/2013/11/01/executive-order-preparing-united-states-impacts-climate-change) does not apply the term mitigation and includes the term “mitigation of impacts” into “adaptation.” It defines: (a) "preparedness" means actions taken t ...
Let`s Respond Guide and Toolkit - Department of Environmental Affairs
Let`s Respond Guide and Toolkit - Department of Environmental Affairs

...  Make a fair contribution to the global effort to stabilize GHG concentrations in the atmosphere at a level that avoids dangerous anthropogenic interference with the climate system within a timeframe that enables economic, social and environmental development to proceed in a sustainable manner. Eff ...
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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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