Those who deny the importance of strong and urgent action on climate change essentially offer one of, or a combination of, the following arguments. First, there are those who deny the scientific link between human activities and global warming; most people, and the vast majority of scientists,...

High crude oil prices and the eventual decline of conventional oil production raise the issue of alternative fuels such as non-conventional oil. The paper describes a simple probabilistic model of the costs of synthetic crude oil produced from Canadian oil sands. Synthetic crude oil is obtained...

This article examines the issue of whether low-carbon growth might be in the self-interest of Brazil, India, and China. These countries are the largest member countries of the G20 emerging markets (GEMs), and are also members of the BRIC and BASIC grouping of countries. Individually, they are...

The future of US transport energy requirements and emissions is uncertain. Transport policy research has explored a number of scenarios to better understand the future characteristics of US light-duty vehicles. Deterministic scenario analysis is, however, unable to identify the impact of...

In 2010, as part of a rulemaking on efficiency standards, the U.S. government published its first estimates of the benefits of reducing CO<Subscript>2</Subscript> emissions, referred to as the social cost of carbon (SCC). Using three climate economic models, an interagency task force concluded that regulatory impact...</subscript>

This timely Handbook reviews many key issues in the economics of energy and climate change, raising new questions and offering solutions that might help to minimize the threat of energy-induced climate change.

At the recent UN climate negotiations in Bali, most countries sought an agreement to cut industrialized countries' emissions of CO₂ by between 25% and 40% by 2020. The final agreed wording at Bali was that 'deep cuts' in emissions were required, without further quantification. The PAGE2002...

This study quantifies the costs and impacts of six scenarios for carbon dioxide(CO₂) and sulphur dioxide(SO₂) emissions in North East Asia(NEA) within an integrated probabilistic analysis. The inclusion of the cooling effect of sulphates means that CO₂ control in China would be likely to...

Equity weighting has been proposed as a way of allowing welfare equivalents to be included in the social cost of carbon since a dollar to a poor person is worth more than a dollar to a rich one. Here we use the PAGE2002 integrated assessment model to show that the social cost of carbon is higher...