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Sacrifice, Discounting and Climate Policy: Five Questions
Abstract: I provide a selective review of discounting and climate policy. After reviewing evidence on the importance of the discount rate in setting policy, I ask whether standard models tend to exaggerate the sacrifices that the current generation needs to undertake in order to internalize climate damages. I then consider whether the risk of catas ...
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Larry Karp
Department of Agricultural & Resource Economics, University of California, Berkeley CUDARE Working Paper 1086, June 2009
Saving the World but Saving Too Much? Pure Time Preference and Saving Rates in Integrated Assessment...
This paper discusses potential problems with the savings rate used in the Stern Review on the Economics of Climate Change.
Abstract:
"Dasgupta and Weitzman have shown that the saving rates implied by the Stern Review’s values for the rate of pure time preference and the elasticity of the marginal utility of consumption are t ...
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Kathryn Smith
Environmental Economics Research Hub Research Reports, Canberra: October 2009
Objectives: Theoretical Modeling
Geographic Focus: Rich and Poor NationsFor Economists
Scaling Up Climate Finance: A Finance Briefing Paper
From the Executive Summary: “In September 2009, finance ministers of the G20 will meet to discuss a future global climate financing architecture to be agreed in Copenhagen. They will do so in the context of a world economy beginning to show signs of recovery and adapting to more conservative approach to capital provision. The purpose of this memo ...
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The Finance Working Group members of Project Catalyst. (At the time of publishing, this paper reflects the views of Project Catalyst on finance but these views have not necessarily been endorsed by all of the members of the Finance Working Group nor their governments or organizations.) The ClimateWorks Foundation takes sole responsibility for the content of this paper.
ClimateWorks Foundation 235 Montgomery Street, Suite 1300 San Francisco, CA 94104. September 2009.
Objectives: Theoretical Modeling,Forecasting Impacts,Policies & Legislation
Geographic Focus: US and Other Countries,Rich and Poor NationsFor Economists|For Specialized Analysts
Scienti c Synthesis of the Impacts of Ocean Acidi cation on Marine Biodiversity
This publication highlights the links between climate
change, ocean health and human well-being.
"Prepared in collaboration with the UN Environment Programme-World
Conservation Monitoring Centre (UNEP-WCMC), and launched to mark Oceans Day
during the Copenhagen climate change negotiations, the study is based on the
analysis of over 3 ...
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Nicola Barnard and Stefan Hain
The Secretariat of the Convention on Biological Diversity
Objectives: Forecasting Impacts,Policies & Legislation
Geographic Focus: US and Other Countries,EU and Member States,Rich and Poor Nations,Asia and Oceania,Africa,Latin AmericaFor Economists|For Specialized Analysts
Sea Level Rise and the Vulnerability of Coastal Peoples: Responding to the Local Challenges of Globa...
This is a must-read for planners, policy-makers, and those concerned about the impact of climate change on populations living in low-lying and coastal areas, and the frequency with which disasters are occurring, such as sea-born hazards liike storm surges, hurricanes and floods. Populations are often forced to find coping strategies, one of them ...
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Anthony Oliver-Smith
University of the United Nations, Institute for Environment and Human Security, Bonne, Germany, July 2009
Objectives: Forecasting Impacts,Policies & Legislation
Geographic Focus: US and Other Countries,EU and Member States,Rich and Poor Nations,Asia and Oceania,Africa,Latin AmericaFor Economists|For Specialized Analysts
SEC Mandatory Climate Change Risk Disclosure Is on the Horizon
From the report: "SEC Commissioner Elisse Walter stated in July 2009 that 'it’s really time for [the SEC] to take another very serious look at the disclosure system in [the climate change] area.' Commissioner Walter’s comment has invited speculation that the SEC is either poised to propose specific disclosure requirements aimed at climate
cha ...
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Theodore A. Keyes and Gina M. Schilmoeller
Schulte, Roth and Zabel, New York, NY, November 2009
Objectives: Policies & Legislation
Geographic Focus: US OnlyFor Economists|For Specialized Analysts
Sectoral Approaches to Climate Change: What can industry contribute?
From the Abstract:
"This study explores ways to integrate industry in the process of designing and
operationalising sectoral approaches to climate change according to a guideline that could be agreed in Cancún in December 2010 or later. One possible effective form of industry’s contribution could be their participation in a consultative bo ...
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Noriko Fujiwara
Centre for European Policy Studies, Brussels, Belgium, May 2010
Objectives: Forecasting Impacts,Policies & Legislation,Evaluating Programs
Geographic Focus: US and Other Countries,EU and Member States,Rich and Poor Nations,Asia and Oceania,Africa,Latin AmericaFor Economists|For Specialized Analysts
Sectoral Targets for Developing Countries: Combining "Common but Differentiated Responsibilities" wi...
This paper discusses a hybrid international emissions reduction policy where developed countries and developing countries adhere to different emissions reductions mechanisms.
Summary:
"Although a global cap-and-trade system is seen by many researchers as the most cost-efficient solution to reduce greenhouse gas emissions, de ...
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Meriem Hamdi-Cherif, Céline Guivarch, Philippe Quirion
Center for Environmental Economics and Management, Sustainable Development Series, Venice: 2010
Objectives: Policies & Legislation
Geographic Focus: EU and Member States,Rich and Poor NationsFor Specialized Analysts
Sectoral Transformation Plans as Strategic Planning Tools
This paper discusses Sectoral Transformation Plans for shifting national economies to low-carbon paths. The paper draws on lessons and mechanisms from the United Nations' REDD (Reducing Emissions from Deforestation and Degradation) program.From the Executive Summary:"In this paper, I propose a process that encourages developing and industrialized c ...
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Charlotte Streck
Climate Focus, Global Financial Mechanism Supporting Studies Series, Washington, DC: 13 January 2009.
Objectives: Evaluating Proposals
Geographic Focus: US and Other Countries,Rich and Poor NationsFor Specialized Analysts
Securing American's Future: Enhancing Our National Security by Reducing Oil Dependence and Environme...
This paper takes the position that America’s reliance on imported fossil fuels instead of clean, domestic sources of energy has long been costly to our economy, our environment, and our national security—and will become even more so if we fail to act now. The United States will increasingly turn to exporting countries that have opposing interests ...
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Christopher Beddor, Winny Chen, Rudy deLeon, Shiyong Park, and Daniel J. Weiss
August 2009
Objectives: Forecasting Impacts,Policies & Legislation,Evaluating Programs
Geographic Focus: US OnlyFor Economists|For Specialized Analysts
Securing the Future: Financing Carbon Capture & Storage in a Post-2012 World
From the Executive Summary: "This report compares the support of carbon capture and storage (CCS) to that given to other low carbon technologies, suggests next steps to overcome current barriers, gives funding options and discusses the costs of accelerating the widespread deployment of CCS."
"Thirty years from now the world will be at least ...
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World Coal Institute
World Coal Institute, London, Uk, November 2009
Objectives: Evaluating Programs
Geographic Focus: US and Other Countries,EU and Member States,Rich and Poor NationsFor Economists|For Specialized Analysts
Select State Actions to Address Climate Change
Provides lists of states taking a number of actions (e.g., those that have set greenhouse gas emissions targets, adopted or are in the process of adopting California's auto emissions standards, required energy companies to procure a percentage of their power from renewable resources).
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National Caucus of Environmental Legislators
National Caucus of Environmental Legislators February 21, 2008
Geographic Focus: US OnlyFor the Public
Senate Agriculture Committee Reports Bill to Reform Regulation of Commodity Derivatives
Excerpted from the Report: "On April 21, 2010, the Senate Committee on Agriculture, Nutrition and Forestry reported Chairman Blanche Lincoln’s (D-AR) derivatives reform legislation, the Wall Street Transparency and Accountability Act of 2010 (the “Lincoln bill”), by a vote of 13 to 8."
"If enacted, the Lincoln bill would dramatically alter ...
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Van Ness Feldman, Attorneys at Law
Van Ness Feldman, Washington D.C., April 2010
Objectives: Policies & Legislation
Geographic Focus: US OnlyFor Economists
Setting the Standard: How Cost-Effective Technology Can Increase Vehicle Fuel Economy
America's addiction to driving, and therefore oil dependence, is going to be difficult to kick, but ever-increasing prices, global security issues and the urgency of addressing global warming are once again drawing attention to the importance of emission standards for cars and trucks.
This article makes three major recommendations to the Na ...
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Jim Kliesch
Unions of Concerned Scientists, Cambridge, Massachusettes, September 2008
Objectives: Forecasting Impacts,Policies & Legislation,Evaluating Programs
Geographic Focus: US OnlyFor Economists|For Specialized Analysts|For the Public
Shaping Climate-Resilient Development: A Framework for Decision-Making
Due to severe climate events such as floods, droughts, heat waves and tropical storms, many economies, both local and national, have already been hit hard and remain vulnerable to climate events. If the Earth's surface temperature rises to between 2.5-5.9 from preindustrial levels (which is predicted), more frequent and severe events will be tri ...
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Report of the Economics of Climate Adaptation Working Group
Economics of Climate Adaptation Working Group
Objectives: Theoretical Modeling,Forecasting Impacts,Policies & Legislation,Analyzing Opinions & Attitudes
Geographic Focus: US and Other Countries,Rich and Poor Nations,Asia and Oceania,Africa,Latin AmericaFor Economists|For Specialized Analysts
Sharing Developed Countries’ Post-2012 Greenhouse Gas Emission Reductions Based on Comparable Effo...
From the Abstract: "EU Heads of State and Government agreed in March 2007 that the EU will reduce its greenhouse gas emissions with 30%, below 1990 levels, by 2020, within an international post-2012 climate agreement, provided that other developed (Annex I) countries commit to comparable reductions. Within this context, this report calculates co ...
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M.G.J. den Elzen, N. Höhne, M. Hagemann, J. van Vliet, D.P. van Vuuren
Netherlands Environmental Assessment Agency, The Netherlands, December 2009
Objectives: Theoretical Modeling,Forecasting Impacts,Policies & Legislation,Evaluating Programs
Geographic Focus: US and Other Countries,EU and Member StatesFor Economists|For Specialized Analysts
Sharing Global CO2 Emission Reductions among One Billion High Emitters
Abstract: We present a framework for allocating a global carbon reduction target among nations, in which the concept of ‘‘common but differentiated responsibilities’’ refers to the emissions of individ- uals instead of nations.We use the income distribution of a country to estimate howits fossil fuel CO2 emissions are distributed among its citizens ...
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Shoibal Chakravarty, Ananth Chikkatur, Heleen de Coninck, Stephen Pacala, Robert Socolow and Massimo Tavoni
Proceedings of the US National Academy of Sciences, May 2009
Objectives: Theoretical Modeling,Policies & Legislation
Geographic Focus: Rich and Poor NationsFor Economists|For Specialized Analysts
Sharing the Reduction Effort to Limit Global Warming to 2ºC
From the Abstract:
"In order to stabilize long-term greenhouse gas concentrations at 450 ppm CO2-eq or lower, developed countries as a group should reduce emissions by 25–40% below 1990 levels by 2020, while developing countries’ emissions need to be reduced by around 15–30%, relative to their baseline levels, according to the IPCC and our ...
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Michel den Elzin and Niklas Hohne
Netherlands Environmental Assessment Agency, Bilthoven, The Netherlands and Ecofys Germany, Cologne, Germany, July 2010
Objectives: Forecasting Impacts,Policies & Legislation
Geographic Focus: US and Other Countries,EU and Member States,Rich and Poor NationsFor Specialized Analysts
Should Carbon-Exporting Countries Strive For Consumption-Based Accounting In a Global Cap-and-Trade ...
This paper discusses the different effects of production-based and consumption-based emissions accounting, particularly as they apply to carbon-exporting countries.Abstract:"In the context of the post-Kyoto policy debate, the question was raised whether the current practice of production-based emissions accounting should be replaced by a consumptio ...
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Jan Christoph Steckel, Matthias Kalkuhl, Robert Marschinski
Climatic Change, Vol. 100, Numbers 3-4, Dordrecht, Netherlands: March 2010
Objectives: Theoretical Modeling,Evaluating Proposals
Geographic Focus: US and Other Countries,Rich and Poor NationsFor Economists
Should the Obama Administration Implement a CO2 Tax?
Conclusion: Rapidly expanding fiscal deficits have heightened interest in novel sources of ways to raise federal revenue, and a CO2 tax, or cap-and-trade system with auctioned allowances, are obvious candidates. The case for an emissions tax over cap-and-trade is nuanced, because in large part cap-and-trade can be designed to look like a tax, th ...
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Ian W.H. Parry
Resources for the Future Issue Brief No. 09-05, April 2009
Objectives: Policies & Legislation,Evaluating Programs
Geographic Focus: US OnlyFor the Public
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