Economics and Policy Issues in Climate Change

Front Cover
William D. Nordhaus
Resources for the Future, 1998 - Business & Economics - 324 pages
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Although the negotiation of the Kyoto Protocol focused world attention on the global climate, it was just one step in the ongoing process of addressing climate change in all its facets. Research by the UN's Intergovernmental Panel on Climate Change (IPCC) has been ongoing since 1988. An extensive IPCC Working Group report published in 1995 examined the economic and social aspects of climate change. In this volume, eminent analysts assess that IPCC report and address the questions that emerge from it. The result is an instructive and cogent look at the realities of climate change and some methods (and difficulties) of dealing with them. William Nordhaus's introduction establishes the context for the book. It provides basic scientific background on climate change, reviews the IPCC's activities, and explains the genesis of the analyses. Subsequent contributions fall into two categories. Early chapters review analytical issues critical to social and economic understanding of climate change. A second set of chapters address specific economic questions surrounding climate-change policy. The result is an original and significant contribution to the evolving debate on this crucial hot-button topic.
  

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Contents

An Introduction
1
Policy Analysis for Decisionmaking About Climate Change
25
Akihiro Amano
51
Equity and Discounting in ClimateChange Decisions
59
William R Cline
97
Applicability of CostBenefit Analysis to Climate Change
111
Greenhouse Policy Architectures and Institutions
137
R K Pachauri
159
The Costs of GreenhouseGas Abatement
167
The Costs of Carbon Emissions Reductions
191
Richard Richels
215
Richard S J Tol
237
Integrated Assessment Modeling of Climate Change
263
John P Weyant
287
Index
305
Copyright

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Page 235 - Mendelsohn, R., W. Nordhaus and D. Shaw (1994), The impact of global warming on agriculture: a Ricardian analysis', American Economic Review 84: 753-71.

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About the author (1998)

William D. Nordhaus is the A. Whitney Griswold Professor of Economics at Yale University. He is a recognized authority on climate change: among his books are Managing the Global Commons and The Swedish Nuclear Dilemma: Energy and the Environment (RFF, 1997). He is coauthor (with Paul Samuelson) of Economics, now in its sixteenth edition.