Showing 1 - 6 of 6
Persistent link: https://www.econbiz.de/10003356439
In the absence of significant greenhouse gas (GHG) mitigation, many analysts project that atmospheric concentrations of species identified for control in the Kyoto protocol could exceed 1000 ppm (carbon-dioxide-equivalent) by 2100 from the current levels of about 435 ppm. This could lead to...
Persistent link: https://www.econbiz.de/10009376040
In this paper we argue that when a subgroup of countries cooperate on emission reduction, the optimal response of non-signatory countries reflects the interaction between three potentially opposing factors, the incentive to free-ride on the benefits of cooperation, the incentive to expand the...
Persistent link: https://www.econbiz.de/10009379764
reduction in current consumption that produces a loss in social welfare equivalent to that caused by the emission of a ton of CO …2. The standard approach is to calculate the SCC using a discounted-utilitarian social welfare function (SWF)-one that … welfare economics, but has been, thus far, little used in climate scholarship. The core idea is to give greater weight to well …
Persistent link: https://www.econbiz.de/10011547506
This paper investigates the relative economic and environmental outcomes of price versus quantity mechanisms to control GHG emissions when abatement costs are uncertain. In particular, we evaluate the impacts on policy costs, CO2 emissions and energy R&D for a stringent mitigation target of 550...
Persistent link: https://www.econbiz.de/10003659641
Over the last few decades, integrated assessment models (IAM) have provided insight into the relationship between climate change, economy, and climate policies. The limitations of these models in capturing uncertainty in climate parameters, heterogeneity in damages and policies, have given rise...
Persistent link: https://www.econbiz.de/10011850330