Climate Change and Global Equity (Anthem Environment and Sustainability)

Climate Change and Global Equity (Anthem Environment and Sustainability)

Language: English

Pages: 284

ISBN: 1783080205

Format: PDF / Kindle (mobi) / ePub


Ambitious measures to reduce carbon emissions are all too rare in reality, impeded by economic and political concerns rather than technological advances. In this timely collection of essays, Frank Ackerman and Elizabeth A. Stanton show that the impact of inaction on climate change will be far worse than the cost of ambitious climate policies.

 

 

 

 

 

 

 

 

 

 

 

 

the results of Tol (2002a), which in turn estimates worldwide impacts of temperature changes by extrapolating from research by Martens (1998).3 A fundamental problem with this line of research can be seen in the original study by Martens. Martens performed a meta-analysis of eight earlier studies of the effects of small changes in temperature on cardiovascular and respiratory mortality. These eight studies look at trends in mortality in a few areas around the world – most of them in cold climates

contributions to climate economics literature assesses 30 existing integrated assessment models in four key areas: the connection between model structure and the type of results produced; uncertainty in climate outcomes and projection of future damages; equity across time and space; and abatement costs and the endogeneity of technological change. Differences in treatment of these issues are substantial and directly affect model results and their implied policy prescriptions. Much can be learned

limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored or introduced into a retrieval system, or transmitted, in any form or by any means (electronic, mechanical, photocopying, recording or otherwise), without the prior written permission of both the copyright owner and the above publisher of this book. British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library. Library of Congress

behavior is described as motivated by pleasure and pain – their net satisfaction being “utility.” Society’s wellbeing was the sum of these utilities, such that an ethical course of action was that which led to “the greatest happiness for the greatest number.” In theory, utility could be summed across individuals to determine “social welfare,” but utilitarianism did not offer any practical way to actually measure either individual or societal wellbeing. The most direct antecedents of today’s

percentile climate sensitivity are almost four times higher than the N–N (original DICE) 95th percentile values, and seven to eight times higher than the N–N average values. Abatement Costs In a cost–benefit analysis of climate policy, the costs of doing nothing about climate change – i.e., the SCC – should be compared to the costs of doing something to mitigate it – i.e., the cost of reducing emissions. In several ambitious scenarios for drastic reduction in global emissions, the marginal cost

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