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The Cost of Climate Policy

The Cost of Climate Policy
Author: Mark Jaccard
Publisher: UBC Press
Total Pages: 268
Release: 2002
Genre: Business & Economics
ISBN: 9780774809511

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Reducing greenhouse gas emissions is a major environmental challenge facing the world. We all want to reduce the risks of global warming, but how much will this cost? What will it mean on a personal, business, or community level? And what policy responses should we expect from our governments? The Cost of Climate Policy sheds light on these pressing issues. The authors look at the challenges of estimating the costs of greenhouse gas emission reduction to help readers understand how different definitions of costs and different assumptions about technological and economic evolution affect the estimates that are so hotly debated today. Using Canada as their focal point, the authors look specifically at the impact of emission reduction policies on energy prices, technology options, and lifestyle choices. The book concludes with concrete proposals for overcoming the constraints of environmental policy making and the high initial costs of action. Policy makers need to know as much as possible about the costs of taking action to reduce greenhouse gas emissions. As indispensable as this book will be to policy analysts, it is also an important primer for a wider range of readers interested in the economic implications of climate change.


False Alarm

False Alarm
Author: Bjorn Lomborg
Publisher: Basic Books
Total Pages: 347
Release: 2020-07-14
Genre: Science
ISBN: 1541647483

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An “essential” (Times UK) and “meticulously researched” (Forbes) book by “the skeptical environmentalist” argues that panic over climate change is causing more harm than good Hurricanes batter our coasts. Wildfires rage across the American West. Glaciers collapse in the Artic. Politicians, activists, and the media espouse a common message: climate change is destroying the planet, and we must take drastic action immediately to stop it. Children panic about their future, and adults wonder if it is even ethical to bring new life into the world. Enough, argues bestselling author Bjorn Lomborg. Climate change is real, but it's not the apocalyptic threat that we've been told it is. Projections of Earth's imminent demise are based on bad science and even worse economics. In panic, world leaders have committed to wildly expensive but largely ineffective policies that hamper growth and crowd out more pressing investments in human capital, from immunization to education. False Alarm will convince you that everything you think about climate change is wrong -- and points the way toward making the world a vastly better, if slightly warmer, place for us all.


Valuing Climate Damages

Valuing Climate Damages
Author: National Academies of Sciences, Engineering, and Medicine
Publisher: National Academies Press
Total Pages: 281
Release: 2017-06-23
Genre: Science
ISBN: 0309454204

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The social cost of carbon (SC-CO2) is an economic metric intended to provide a comprehensive estimate of the net damages - that is, the monetized value of the net impacts, both negative and positive - from the global climate change that results from a small (1-metric ton) increase in carbon-dioxide (CO2) emissions. Under Executive Orders regarding regulatory impact analysis and as required by a court ruling, the U.S. government has since 2008 used estimates of the SC-CO2 in federal rulemakings to value the costs and benefits associated with changes in CO2 emissions. In 2010, the Interagency Working Group on the Social Cost of Greenhouse Gases (IWG) developed a methodology for estimating the SC-CO2 across a range of assumptions about future socioeconomic and physical earth systems. Valuing Climate Changes examines potential approaches, along with their relative merits and challenges, for a comprehensive update to the current methodology. This publication also recommends near- and longer-term research priorities to ensure that the SC- CO2 estimates reflect the best available science.


Confronting the Climate Challenge

Confronting the Climate Challenge
Author: Lawrence Goulder
Publisher: Columbia University Press
Total Pages: 354
Release: 2017-12-26
Genre: Political Science
ISBN: 0231545932

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Without significant reductions of greenhouse gas emissions, climate change will cause substantial damage to the environment and the economy. The scope of the threat demands a close look at the policies capable of reducing the harm. Confronting the Climate Challenge presents a unique framework for evaluating the impacts of a range of U.S. climate-policy options, both for the economy overall and for particular household groups, industries, and regions. Lawrence Goulder and Marc Hafstead focus on four alternative approaches for reducing carbon dioxide emissions: a revenue-neutral carbon tax, a cap-and-trade program, a clean energy standard, and an increase in the federal gasoline tax. They demonstrate that these policies—if designed correctly—not only can achieve emissions reductions at low cost but also can avoid placing undesirable burdens on low-income household groups or especially vulnerable industries. Goulder and Hafstead apply a multiperiod, economy-wide general equilibrium model that is distinct in its attention to investment dynamics and to interactions between climate policy and the tax system. Exploiting the unique features of the model, they contrast the shorter- and longer-term policy impacts and focus on alternative ways of feeding back—or “recycling”—policy-generated revenues to the private sector. Their work shows how careful policy design, including the judicious use of policy-generated revenues, can achieve desired reductions in carbon dioxide emissions at low cost, avoid uneven impacts across household income groups, and prevent losses of profit in the most vulnerable U.S. industries. The urgency of the climate problem demands comprehensive action, and Confronting the Climate Challenge offers important insights that can help elevate policy discussions and spur needed efforts on the climate front.


Carbon Abatement Costs and Climate Change Finance

Carbon Abatement Costs and Climate Change Finance
Author: William R Cline
Publisher: Peterson Institute
Total Pages: 155
Release: 2011-07-15
Genre: Business & Economics
ISBN: 0881326305

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Examines the likely abatement costs associated with keeping global warming within the 2 degree Celsius above preindustrial temperature ceiling and discusses what would need to be invested annually up until the year 2020 to maintain the goal.


Climate Policy

Climate Policy
Author: Michael Hoel
Publisher: Nordic Council of Ministers
Total Pages: 105
Release: 2009
Genre: Carbon dioxide mitigation
ISBN: 9289318880

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There is a large and growing literature focusing on economic issues related to climate change and climate policies. This report presents a discussion of some of the recent studies. The focus is on various numerical analyses and not on the purely theoretical studies. The following questions are discussed in the report: What will the development of greenhouse gas emissions be and what climate changes will follow if no new policies are introduced? What can economic analyses tell us about climate policy goals? What are the costs of reducing emissions? What types of policies should be used to reduce emissions? Knowledge about these issues is important for governments when evaluating their own climate policies as well as climate policies of other countries. It is also important for evaluating potential future climate agreements. This report has been commissioned by the Working Group on Environment and Economics under the Nordic Council of Ministers.


Designing Climate Solutions

Designing Climate Solutions
Author: Hal Harvey
Publisher: Island Press
Total Pages: 374
Release: 2018-11-01
Genre: Technology & Engineering
ISBN: 1610919564

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With the effects of climate change already upon us, the need to cut global greenhouse gas emissions is nothing less than urgent. It’s a daunting challenge, but the technologies and strategies to meet it exist today. A small set of energy policies, designed and implemented well, can put us on the path to a low carbon future. Energy systems are large and complex, so energy policy must be focused and cost-effective. One-size-fits-all approaches simply won’t get the job done. Policymakers need a clear, comprehensive resource that outlines the energy policies that will have the biggest impact on our climate future, and describes how to design these policies well. Designing Climate Solutions: A Policy Guide for Low-Carbon Energy is the first such guide, bringing together the latest research and analysis around low carbon energy solutions. Written by Hal Harvey, CEO of the policy firm Energy Innovation, with Robbie Orvis and Jeffrey Rissman of Energy Innovation, Designing Climate Solutions is an accessible resource on lowering carbon emissions for policymakers, activists, philanthropists, and others in the climate and energy community. In Part I, the authors deliver a roadmap for understanding which countries, sectors, and sources produce the greatest amount of greenhouse gas emissions, and give readers the tools to select and design efficient policies for each of these sectors. In Part II, they break down each type of policy, from renewable portfolio standards to carbon pricing, offering key design principles and case studies where each policy has been implemented successfully. We don’t need to wait for new technologies or strategies to create a low carbon future—and we can’t afford to. Designing Climate Solutions gives professionals the tools they need to select, design, and implement the policies that can put us on the path to a livable climate future.


Global Climate Change

Global Climate Change
Author: James C. White
Publisher: Springer Science & Business Media
Total Pages: 437
Release: 2012-12-06
Genre: Science
ISBN: 9401129142

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Bacteria in a test tube and humans on our planet follow the same population curve as time elapses. We on this earth, largely through control of disease, are rapidly ap proaching maximum population, and through energy demands are using up our resour ces and accumulating wastes. We have come to realize the danger of a maturing system but have made essential ly no impact in mitigating or preventing the problems we face. While we have been able to change the world we live in, most of our effects have been to degrade the planet. We have nibbled away at the quality of the atmosphere for centuries and the ac cumulated damage has resulted in changing the world's climate at an ever-increasing rate. We now face the possibility of higher average temperatures over most of our planet, changing patterns of rainfall, rising sea levels, aggravated storm systems and a myriad of social effects.


The Price of Climate Change

The Price of Climate Change
Author: Michael Curley
Publisher: CRC Press
Total Pages: 132
Release: 2021-09-12
Genre: Law
ISBN: 1000441822

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The Price of Climate Change: Sustainable Financial Mechanisms presents a summary of the effects of global warming with specific emphasis on what these phenomena will cost and the price we must pay for trying to mitigate these processes. Some of these mitigation strategies include reducing our use of carbon by converting to non-carbon energy sources such as solar, wind, and nuclear, or lower-carbon sources such as natural gas. The book examines the financial implications of society adapting to the effects of climate change, including rising sea levels, extreme weather events, and desertification. Further, it addresses the costs to make buildings more resilient to climate change, such as flood considerations, improving durability against severe weather, bolstering insulation, and more. Sources of funding for any type of environmental projects, including those for climate change mitigation, are also examined. These include governmental budgets at the federal, state, and local levels, international development banks, international capital markets, and private funds. Features: Addresses global climate change issues from the standpoints of mitigation, adaptation, and resilience and the funding mechanisms for each. Describes different types of energy sources as well as their respective costs, including nuclear, solar, natural gas, and more. Examines the effects of agriculture on climate change as well as the potential ways it can be used to help mitigate the issue. The book’s straightforward approach will serve as a useful guide and reference for practicing professionals and can also be appreciated by the general public interested in climate change issues and mitigation strategies.