STERN REVIEW: The Economics of Climate
... price signals and markets for carbon, spurring technology research, development and deployment, and promoting adaptation, particularly for developing countries. Climate change presents a unique challenge for economics: it is the greatest and widest-ranging market failure ever seen. The economic anal ...
... price signals and markets for carbon, spurring technology research, development and deployment, and promoting adaptation, particularly for developing countries. Climate change presents a unique challenge for economics: it is the greatest and widest-ranging market failure ever seen. The economic anal ...
How to handle the issue of uncertainty in Local Climate Change
... • Communication uncertainty: the one-sided approach (that is – looking only at the partial effect of climate change on future society) is often applied, and well known methods of long-term planning is often not applied in the case of climate change adaptation – which could enable us to apply the two ...
... • Communication uncertainty: the one-sided approach (that is – looking only at the partial effect of climate change on future society) is often applied, and well known methods of long-term planning is often not applied in the case of climate change adaptation – which could enable us to apply the two ...
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... generation’s investment and consumption decisions. The discount rate translates future utility or consumption into the same units as current utility or consumption, thereby making inter-generational comparisons possible. The discount rate therefore can be important in making recommendations about cu ...
... generation’s investment and consumption decisions. The discount rate translates future utility or consumption into the same units as current utility or consumption, thereby making inter-generational comparisons possible. The discount rate therefore can be important in making recommendations about cu ...
The impact of climate change on the global economy
... section below). Energy costs to increase in the transition to renewables Higher energy costs are also likely to boost inflation. As our climate becomes more extreme we are likely to demand greater energy to both cool our working and living environments during the summer, and heat them when we experi ...
... section below). Energy costs to increase in the transition to renewables Higher energy costs are also likely to boost inflation. As our climate becomes more extreme we are likely to demand greater energy to both cool our working and living environments during the summer, and heat them when we experi ...
Endogenous growth, convexity of damages and climate risk: how Nordhaus framework supports deep cuts in carbon emissions
... Review on the Economics of Climate Change (Stern, 2007) (which in fact used an IAM other than DICE), it has been suggested that the difference in policy recommendations between the Review and other studies lies very largely in the specification of a low pure-time discount rate (Nordhaus, 2007), a ra ...
... Review on the Economics of Climate Change (Stern, 2007) (which in fact used an IAM other than DICE), it has been suggested that the difference in policy recommendations between the Review and other studies lies very largely in the specification of a low pure-time discount rate (Nordhaus, 2007), a ra ...
Assessing Dynamic Cost-Benefit Analysis of Climate Policy: the
... have to assess of extremely different impact types that occur unevenly distributed over time and space. In a narrow sense, a CBA of climate change would imply to compare marginal costs of GHG abatement with marginal damages caused by emissions. This would then deliver an optimal emissions trajectory ...
... have to assess of extremely different impact types that occur unevenly distributed over time and space. In a narrow sense, a CBA of climate change would imply to compare marginal costs of GHG abatement with marginal damages caused by emissions. This would then deliver an optimal emissions trajectory ...
The Future for Rural Areas of Europe
... technological / linear considerations in terms of the range of issues considered • There is an emphasis on identifying a number of possible or alternative futures. • Such foresights use systematic, critical and integral methods: • … more qualitative in approach • socio-economic development not consi ...
... technological / linear considerations in terms of the range of issues considered • There is an emphasis on identifying a number of possible or alternative futures. • Such foresights use systematic, critical and integral methods: • … more qualitative in approach • socio-economic development not consi ...
Integrating Climate and hazard mitigation planning (Powerpoint)
... projects following a Presidential major disaster declaration ...
... projects following a Presidential major disaster declaration ...
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... change, it is at least arguable that the risk-based approach adopted by scientists and engineers, and currently accepted by governments, is a sterile methodology. It cannot indicate the optimum amount of adaptation that should be undertaken and often merely resorts to recommending action to overcome ...
... change, it is at least arguable that the risk-based approach adopted by scientists and engineers, and currently accepted by governments, is a sterile methodology. It cannot indicate the optimum amount of adaptation that should be undertaken and often merely resorts to recommending action to overcome ...
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... generation’s investment and consumption decisions. The discount rate translates future utility or consumption into the same units as current utility or consumption, thereby making inter-generational comparisons possible. The discount rate therefore can be important in making recommendations about cu ...
... generation’s investment and consumption decisions. The discount rate translates future utility or consumption into the same units as current utility or consumption, thereby making inter-generational comparisons possible. The discount rate therefore can be important in making recommendations about cu ...
NBER WORKING PAPER SERIES A SUMMARY AND INTERPRETATION
... The climate is a key ingredient in the Earth's complex system that sustains human life and wellbeing. According to the United Nation's Intergovernmental Panel on Climate Change (IPCC), the emissions of greenhouse gases (GHG) due to human activity, largely combustion of fossil fuels such as coal, are ...
... The climate is a key ingredient in the Earth's complex system that sustains human life and wellbeing. According to the United Nation's Intergovernmental Panel on Climate Change (IPCC), the emissions of greenhouse gases (GHG) due to human activity, largely combustion of fossil fuels such as coal, are ...
A Mitigation-Based Rationale for Incorporating a Climate Change
... and potentially even more forceful, sources for a duty to mitigate upstream and downstream greenhouse gas emissions and associated climate change impacts arising from the federal coal leasing program. Pursuant to the Federal Land Policy and Management Act (FLPMA), the Mineral Leasing Act (MLA) and N ...
... and potentially even more forceful, sources for a duty to mitigate upstream and downstream greenhouse gas emissions and associated climate change impacts arising from the federal coal leasing program. Pursuant to the Federal Land Policy and Management Act (FLPMA), the Mineral Leasing Act (MLA) and N ...
Massachusetts Institute of Technology Department of Economics Working Paper Series
... The climate is a key ingredient in the Earth's complex system that sustains human life and wellbeing. According to the United Nation's Intergovernmental Panel on Climate Change (IPCC), the emissions of greenhouse gases (GHG) due to human activity, largely combustion of fossil fuels such as coal, are ...
... The climate is a key ingredient in the Earth's complex system that sustains human life and wellbeing. According to the United Nation's Intergovernmental Panel on Climate Change (IPCC), the emissions of greenhouse gases (GHG) due to human activity, largely combustion of fossil fuels such as coal, are ...
Planning for NDC implementation: A Quick-Start Guide EU
... PIGGAREP: Q1 2012 Progress Report PIGGAREP: Q3 2012 Progress Report TE KANIVA: Tuvalu Climate Change Policy 2012 (English version) TE KANIVA: Tuvalu Climate Change Policy 2012 (Tuvaluan version) Cook Islands NAMA Report Pacific Islands Framework for Action on Climate Change 2006- 2015 (2nd edition) ...
... PIGGAREP: Q1 2012 Progress Report PIGGAREP: Q3 2012 Progress Report TE KANIVA: Tuvalu Climate Change Policy 2012 (English version) TE KANIVA: Tuvalu Climate Change Policy 2012 (Tuvaluan version) Cook Islands NAMA Report Pacific Islands Framework for Action on Climate Change 2006- 2015 (2nd edition) ...
Climate Change - Province of British Columbia
... British Columbia will need to adapt to the unavoidable impacts of climate change, as well as to reduce greenhouse gas (GHG) emissions. Because of the historical and continuing rise in global GHGs, the Earth will continue to warm for decades to come. We can expect more long-term warming, more extreme ...
... British Columbia will need to adapt to the unavoidable impacts of climate change, as well as to reduce greenhouse gas (GHG) emissions. Because of the historical and continuing rise in global GHGs, the Earth will continue to warm for decades to come. We can expect more long-term warming, more extreme ...
Understanding the impacts of climate change on economic behavior
... In the absence of abatement measures, emissions of greenhouse gases are likely to grow over the next century largely from the burning of fossil fuels. As a result, atmospheric concentrations of carbon dioxide and other greenhouse gasses will continue to increase. The most recent IPCC (1996a) report ...
... In the absence of abatement measures, emissions of greenhouse gases are likely to grow over the next century largely from the burning of fossil fuels. As a result, atmospheric concentrations of carbon dioxide and other greenhouse gasses will continue to increase. The most recent IPCC (1996a) report ...
2161_GRI-LSE_Party Manifestos 2015_web (opens in new window)
... businesses in the short term, mainly as a result of increased energy bills. This is not unique to the UK, but measures should be taken to minimise the costs. The next Government should: i) Reform environmental taxation. The UK has a complex system of energy taxes which affect the business sector. Ov ...
... businesses in the short term, mainly as a result of increased energy bills. This is not unique to the UK, but measures should be taken to minimise the costs. The next Government should: i) Reform environmental taxation. The UK has a complex system of energy taxes which affect the business sector. Ov ...
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... Equity weights, in one form or other, are now frequently used to aggregate the monetized impacts of climate change that would befall different countries (Azar, 1999; Azar and Sterner, 1996; Fankhauser et al., 1997, 1998; Pearce, 2003; Tol, 1999). Equity weights reflect that a dollar to a poor person ...
... Equity weights, in one form or other, are now frequently used to aggregate the monetized impacts of climate change that would befall different countries (Azar, 1999; Azar and Sterner, 1996; Fankhauser et al., 1997, 1998; Pearce, 2003; Tol, 1999). Equity weights reflect that a dollar to a poor person ...
The Social Cost of Carbon
... The effects of global climate change are diverse and potentially very large. Traditionally the policy debate has focused on the costs of mitigation, but there is an increasing interest in the economic costs (social costs) of climate change. In the UK, these are usually referred to as the Social Cost ...
... The effects of global climate change are diverse and potentially very large. Traditionally the policy debate has focused on the costs of mitigation, but there is an increasing interest in the economic costs (social costs) of climate change. In the UK, these are usually referred to as the Social Cost ...
A What Is the Right Price for Carbon Emissions?
... statistically related to other bad outcomes in the aggregate economy—then insurance prices depend only on average damages. The cost of insuring a diversifiable risk is a simple calculation of the discounted value of expected (average) future damages. Pricing fire insurance appropriately is a good ex ...
... statistically related to other bad outcomes in the aggregate economy—then insurance prices depend only on average damages. The cost of insuring a diversifiable risk is a simple calculation of the discounted value of expected (average) future damages. Pricing fire insurance appropriately is a good ex ...
Economics governance development (opens in new window)
... If the purpose of this mix is managerial rather than communicative (MacGilivary and Zadek, 1995), then the problems are twofold. Firstly, for any given indicator, there is rarely an obvious, direct interpretation of a unit change vis-à-vis sustainability. For example, indicator number four in the UK ...
... If the purpose of this mix is managerial rather than communicative (MacGilivary and Zadek, 1995), then the problems are twofold. Firstly, for any given indicator, there is rarely an obvious, direct interpretation of a unit change vis-à-vis sustainability. For example, indicator number four in the UK ...
Fall 2016/Spring 2017 Schedule AMS Climate Studies
... The first three Current Climate Studies components are posted for three weeks at the beginning of fall and spring semesters to accommodate the various starting dates at different institutions. The third week aligns with Investigations Manual 1A and 1B and the Current Climate Studies topic, 1. The ...
... The first three Current Climate Studies components are posted for three weeks at the beginning of fall and spring semesters to accommodate the various starting dates at different institutions. The third week aligns with Investigations Manual 1A and 1B and the Current Climate Studies topic, 1. The ...
Ethics, equity and the economics of climate change. Paper 1: science and philosophy: Working Paper 84a (568 kB) (opens in new window)
... of around 3ppm per annum, a rate which was 0.5ppm per annum 70 years ago. That rate is rising; thus with unmanaged climate change the 445 could grow to around 750 or much more in a century. Some climate models suggest a median temperature increase over the next one or two centuries in the region of ...
... of around 3ppm per annum, a rate which was 0.5ppm per annum 70 years ago. That rate is rising; thus with unmanaged climate change the 445 could grow to around 750 or much more in a century. Some climate models suggest a median temperature increase over the next one or two centuries in the region of ...
On non-marginal cost-benefit analysis: Abstract of Working Paper 18 (1 MB) (opens in new window)
... proposition 1 below). In defining non-marginal projects this way, we are interested not in the effects of small projects on relative prices, which have been much more comprehensively explored, but on the effects of large projects on aggregate consumption. Section 2 reviews the relevant public econom ...
... proposition 1 below). In defining non-marginal projects this way, we are interested not in the effects of small projects on relative prices, which have been much more comprehensively explored, but on the effects of large projects on aggregate consumption. Section 2 reviews the relevant public econom ...
Working Paper 136 - Dietz and Matei 2013 revised October 2014 (opens in new window)
... the valuation of future utility. Utility itself is typically a concave function of per-capita consumption of an aggregate good, net of the effect of climate change. The curvature of the utility function drives preferences to smooth consumption over time and, in models where consumption is uncertain, ...
... the valuation of future utility. Utility itself is typically a concave function of per-capita consumption of an aggregate good, net of the effect of climate change. The curvature of the utility function drives preferences to smooth consumption over time and, in models where consumption is uncertain, ...