Climate Change Economics and Policy: An RFF Anthology

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Resources for the Future, 2001 - Political Science - 276 pages
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What are the potential adverse impacts of climate change? How can society determine the amount of protection against climate change that is warranted, given the benefits and costs of various policies? In concise, informative chapters, Climate Economics and Policy considers the key issues involved in one of the most important policy debates of our time. Beginning with an overview and policy history, it explores the potential impact of climate change on a variety of domains, including water resources, agriculture, and forests. The contributors then provide assessments of policies that will affect greenhouse gas emissions, including electricity restructuring, carbon sequestration in forests, and early reduction programs. In considering both domestic and international policy options, the authors examine command and control strategies, energy efficiency opportunities, taxes, emissions trading, subsidy reform, and inducements for technological progress. Both policymakers and the general public will find this volume to be a convenient and authoritative guide to climate change risk and policy. It is a useful resource for professional education programs, and an important addition for college courses in environmental economics and environmental studies. Climate Economics and Policy is a collection of Issue Briefs, prepared by the staff of Resources for the Future (RFF) and outside experts. Many are adapted from pieces originally disseminated on Weathervane, RFF s acclaimed web site on global climate change.
 

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Contents

A Brief History
11
A Review of Trends and hallenges
24
The osts of the Kyoto Protocol
48
Agriculture and limate hange
61
Ancillary Benefits of Greenhouse Gas Mitigation Policies
80
limate hange Health Risks and Economics
93
hoosing Price or Quantity ontrols for Greenhouse Gases
99
Using Emissions Trading to Regulate National Greenhouse Gas Emissions
108
EnergyEfficient Technologies and limate hange Policies lssues and Evidence
171
limate hange Policy hoices and Technical lnnovation
182
A ritical Appraisal
191
limate Policy and the Economics of Technical Advance
198
International Considerations
203
Establishing and Operating the lean Development Mechanism
216
lnternational Equity and limate hange Policy
235
The Economics of limateFriendly Technology Diffusion in Developing ountries
248

Revenue Recycling and the osts of Reducing arbon Emissions
119
arbon Sinks in the PostKyoto World
134
Shortcut or Detour on the Road to Achieving
153
Glossary
266
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About the author (2001)

Michael A. Toman is a senior fellow and the director of the Energy and Natural Resources division at Resources for the Future. He is the coauthor, coeditor, and editor of several books, including Pollution Abatement Strategies in Central and Eastern Europe, Assessing Surprises and Nonlinearities in Greenhouse Warming, and Technology Options for Electricity Generation.

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