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Rwanda National Energy and Low carbon Assessment: Key Messages
Rwanda National Energy and Low carbon Assessment: Key Messages

... 1. Existing climate variability already leads to significant economic costs in Tanzania, with costs of major droughts and floods often in > 1% of GDP. ...
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The Structure of Economic Modeling of the Potential Impacts

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Report of the Climate Change Task Force
Report of the Climate Change Task Force

... Professional engineers and geoscientists recommend actions and make decisions in many diverse fields.  While some disciplines of engineering and geoscience are more obviously impacted by the need to  adapt to climate change such as building and infrastructure design, or energy consumption, most if n ...
GEOG 208 Human Dimensions of Global Climate Change
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Climate resilient pathways: relationship between adaptation

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... alternative GHG emissions scenarios? What is the economic cost of reducing GHG emissions? The economic aspect of the policy debate intensified with the publication in the UK of the Stern Review of the Economics of Climate Change (Stern, 2006). Stern concluded that, if no mitigative action is taken, ...
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... The best-known piece of the puzzle about the economics of climate change is the choice of the discount rate: high or even moderate rates seem to imply that even extreme far-future outcomes don't matter much to the present generation. US government agencies frequently use discount rates of 3% and 7% ...
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... children, who in turn matter more than their children. Thus e−ρt may be interpreted as the relative weighting given to the utility or well-being of various generations. If a generation is 35 years in duration and ρ = 0.05, the weight given to a unit of utility at the end of the second generation is ...
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Presentation on Climate Change to Members of Parliament
Presentation on Climate Change to Members of Parliament

... • Responding to climate change requires multiple actions, each tailored to the situation/constituency • Climate change creates many opportunities for those who are prepared • The Climate Change Division will coordinate actions and help mobilise resources ...
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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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