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model for climate policy analyses. It analyzes China’s accession to a Post Kyoto emission regime that keeps global emissions …, China will become a net seller of emission permits and steadily reduce emissions, possibly below their 2004 level until 2030 … on Chinese welfare will not significantly change when China joins the Post Kyoto regime …
Persistent link: https://www.econbiz.de/10005818849
Accounting for socioeconomic and demographic variables as well as country specific effects, households’ willingness to pay for changes in climate is revealed using European data on reported life satisfaction. Individuals located in areas with lower average levels of sunshine and higher average...
Persistent link: https://www.econbiz.de/10009132528
-income countries, which include China, in accordance with their future income rise …
Persistent link: https://www.econbiz.de/10009149139
. China, Western Europe and the United States have the highest share of harmful impacts, with the precise order depending on …
Persistent link: https://www.econbiz.de/10009223283
Reducing greenhouse gas emissions not only lowers expected damages from climate change but also reduces the risk of catastrophic impacts. However, estimates of the social cost of carbon, which measures the marginal value of carbon dioxide abatement, often do not capture this risk reduction...
Persistent link: https://www.econbiz.de/10009223288
Drawing upon climate change damage functions previously proposed in the literature that we have calibrated to a common level of damages at 2.5 C, we examine the effect upon the social cost of carbon (SCC) of varying the specification of damages in a DICE-like integrated assessment model. In the...
Persistent link: https://www.econbiz.de/10009223289
This paper provides a technical description of the Dynamic Applied Regional Trade (DART) General Equilibrium Model. The DART model is a recursive dynamic, multi-region, multi-sector computable general equilibrium model. All regions are fully specified and linked by bilateral trade flows. The...
Persistent link: https://www.econbiz.de/10009367365
This paper provides a model-based assessment of local and global climate change impacts for the case of Yemen, focusing on agricultural production, household incomes and food security. Global climate change is mainly transmitted through rising world food prices. Our simulation results suggest...
Persistent link: https://www.econbiz.de/10009386585
This paper derives analytically the growth rate of the social cost of carbon (SSC) on an optimal balanced growth path. More specifically, the paper examines a deterministic Ramsey model of optimal economic growth with carbon emissions. In this model, restrictions on technology and preferences...
Persistent link: https://www.econbiz.de/10009294880
Recent thinking about the economics of climate change has concerned the uncertainty about the upper bound of both climate sensitivity to greenhouse gases and the damages that might occur at high temperatures. This argument suggests that the appropriate probability distributions for these factors...
Persistent link: https://www.econbiz.de/10009294881