Climate Change Library
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g. Pure Economics and Theory
All Other Economics Topics From the Abstract: “The usually assumed two categories of costs involved in climate change policy analysis, namely abatement and damage costs, hide the presence of a third category, namely adaptation costs. This dodges the determination of an appropriate level for them. Including adaptation costs explicitly in the total environment cost function ...
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This is the third edition of a business publication from the UK Climate Impacts Programme. This set of publications serves as an introduction to climate change impacts and adaptation for a general business audience. In addition to the inclusion of information from the new UK Climate Projections, updates also include making the business case for ...
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This paper asks, "Is a path of low emissions compatible with sustainable levels of human welfare? With steady growth in human quality of life?" Addressing these questions requires both defining welfare criteria and empirically estimating the possible paths of the economy.
The authors develop a dynamic model with four intertemporal links: educati ...
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This paper discusses use of Marginal Abatement Cost curves to analyze options for emission reductions.From the Introduction:"New analysis from Bloomberg New Energy Finance on the cost of reducing CO2 emissions in the US shows that some previous estimates of abatement costs have probably been too optimistic. To achieve a 17% reduction on 2005 levels ...
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"This report is intended to support the work of the Committee on Climate Change (CCC) Secretariat in its review of the UK’s greenhouse gas emissions reduction target for 2050 (defined here as the ‘long run’). It first sets out the approach taken in the Stern Review to proposing a range of targets for stabilising the atmospheric concentration of g ...
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This paper discusses a global climate change adaptation mechanism.Abstract:"Policy discussions of climate change have been primarily concerned about mitigating greenhouse gases. However, when adaptation to climate change is a global public good, an efficient allocation cannot be achieved by the imposition of a carbon tax alone to abate greenhouse g ...
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From the Summary: "This document argues that accelerating a job-rich recovery
remains today a compelling objective in G20 countries and indeed worldwide. This is underscored by the scale of the employment challenge facing all G20 countries, quantity and quality wise, whilst acknowledging the impact of the measures taken to date. Accelerating jo ...
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This report advocates for the consumer by examining the impacts of climate change on such things as property values, protection of property, repair costs in the event of a climate disaster, as well as the accompanying psychological distress. The most vulnerable will be low-income, the eldery and those with pre-existing medical conditions who w ...
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From the Abstract:
"The present study extends earlier research by presenting the results of a new
and updated version of the RICE model (Regional Integrated model of
Climate and the Economy), labeled the RICE-2009 model. The model is a
regionalized, dynamic model that incorporates an end-to-end treatment of
economic growth, emissions, cl ...
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This link will take you to the website of The American Association for the Advancement of Science (AAAS) which has released its annual report on the U.S. Federal budget request for research and development for 2011. It is divided into three parts:
Part I - An overview and highlights examining:
Federaol R&D
Historical Trends in Fed ...
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From trhe Abstract: "Using a nested multinomial logit model of car ownership and personal travel in Beijing circa 2005, this paper compares the effectiveness of different policy instruments to reduce traffic congestion and CO2 emissions. The study shows that a congestion toll is more efficient than a fuel tax in reducing traffic congestion, wher ...
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Abstract: The direct sale of emissions allowances by auction is an emerging characteristic of cap-and-trade programs. This study is motivated by the observation that all of the major implementations of cap-and- trade regulations for the control of air pollution have started with a generous allocation of allowances relative to recent emissions histo ...
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"This issue brief examines the cost of domestic policies for reducing CO2 and other GHG emissions based on existing analyses by EIA and MIT that attempt to model the economic
impacts of various national emissions-mitigation scenarios."
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From the Introduction: "The objective of this study is to analyse theoretically how carbon budgets (limits on the UK's emissions of carbon dioxide) affect the UK economy at a macroeconomic level. To this end it considers how a range of measures to meet the carbon budgets affect production and consumption in different sectors, and how these chang ...
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"This
report presents the results of the Treasury's economic modelling of the
potential economic impacts of reducing emissions over the medium and
long term. It spans global, national and sectoral scales, and looks at
distributional impacts, such as the implications of emission pricing
for the goods and services that households consume. ...
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From the Overview: "For the past five years, the Nordic Environment Finance Corporation (NEFCO) has been an active participant in the project-based segment of the carbon markets which have mobilised significant new investments for climate change mitigation. The Baltic Sea Region Testing Ground Facility (TGF), a pioneering regional carbon fund ma ...
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This CEPS Task Force Report identifies the key issues arising from the
current benchmarking exercise under the EU ETS and analyses the principal
controversial topics on benchmark-based allocation, leading to a number of
concrete recommendations. In addition, the report examines the origins and
experiences of earlier exercises and draws so ...
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From the Introduction: "For more than thirty years, state energy officials have played a leading role in developing and implementing energy efficiency retrofit programs in residential buildings. The experience from these programs, such as the Weatherization Assistance Program for low-income families, is an important resource for the Obama admini ...
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Nobel Prize winning economist Paul Krugman provides a review of climate change economics and then discusses the processes of - and logic for -building a green conomy in the United States now, while facing 10% unemployment. This article from the New York Times Magazine is accompanied by readers' comments which contain many other arguments, pro and ...
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This paper models the impact of carbon capture and storage technologies on European electricity markets. Though written with a European focus, the paper also provides useful analysis for CCS technology use in the U.S.Abstract:"We examine the potential of Carbon Capture and Storage (CCS) technologies in the European electricity markets, assessing wh ...
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