Valuing Climate Change

Author : Samuel Fankhauser
Publisher : Routledge
Page : 211 pages
File Size : 42,8 Mb
Release : 2013-10-11
Category : Business & Economics
ISBN : 9781134168378

Get Book

Valuing Climate Change by Samuel Fankhauser Pdf

Within only a few years, global warming has emerged from scientific speculation into an environmental threat of worldwide concern. Yet the scientific community remains uncertain as to the long-term trends and effects of climate change, and this uncertainty has been seized on as justification for inaction by an international community reluctant to bear the costs of policies to reduce greenhouse gas emissions. Valuing Climate Change presents concrete, economic evidence of the need for action. Fankhauser assesses the costs of a doubling of GHG emissions to be a significant percentage of gross world product; a figure which he then compares to the costs of reducing emissions. In his comparison, he looks at regional as well as global estimates of damage, and takes account of the non-climate change benefits of GHG reductions, such as a switch in the energy sector to cleaner technologies or renewable fuels, and the impacts on transport, with reduced congestion and improved air quality. It is clear that the stakes are high, and Fankhauser believes that tougher targets may be needed than those set out in the Framework Convention on Climate Change. He assesses the optimum policy responses to GHG reduction, the likely instruments for achieving it and the potential for international cooperation in dealing with the problems. This is a major contribution to the rapidly changing debate on global warming.

Author : National Academies of Sciences, Engineering, and Medicine,Division of Behavioral and Social Sciences and Education,Board on Environmental Change and Society,Committee on Assessing Approaches to Updating the Social Cost of Carbon
Publisher : National Academies Press
Page : 281 pages
File Size : 51,7 Mb
Release : 2017-06-23
Category : Science
ISBN : 9780309454209

Get Book

Valuing Climate Damages by National Academies of Sciences, Engineering, and Medicine,Division of Behavioral and Social Sciences and Education,Board on Environmental Change and Society,Committee on Assessing Approaches to Updating the Social Cost of Carbon Pdf

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.

Author : Sonia Akter,Jeff Bennett
Publisher : Edward Elgar Publishing
Page : 193 pages
File Size : 51,5 Mb
Release : 2012-01-01
Category : Science
ISBN : 9781781003336

Get Book

Valuing Climate Change Mitigation by Sonia Akter,Jeff Bennett Pdf

This enriching book presents a holistic overview of climate change uncertainty and offers a number of pathways that could be used to account for such uncertainties in the stated preference valuation research. It shows that uncertainty plays an important role in determining the values of climate change mitigation benefits and, as the authors say, 'If this uncertainty remains unaccounted for, there is a potential danger that the estimated economic values will misrepresent social preferences for public policy interventions to manage environmental externalities.' Valuing Climate Change Mitigation discusses the role of uncertainty in valuing the benefits of climate change mitigation policies using contingent valuation and choice experiments techniques. It treats climate change using three dimensions of uncertainty: scenario, policy and preference. Conceptual frameworks are advanced to account simultaneously for these various dimensions of uncertainty. The authors then explore the impact of introducing these uncertainties into benefit estimates for the Australian Carbon Pollutions Reduction Scheme. The authors present frameworks to account for multiple uncertainty in environmental decision analysis that will prove invaluable for academics and students in the fields of environmental economics and management. Policy makers will also gain invaluable methodological insight.

Author : National Research Council,Policy and Global Affairs,Board on Science, Technology, and Economic Policy,Division on Engineering and Physical Sciences,Board on Energy and Environmental Systems,Division on Earth and Life Studies,Board on Environmental Studies and Toxicology,Committee on Health, Environmental, and Other External Costs and Benefits of Energy Production and Consumption
Publisher : National Academies Press
Page : 506 pages
File Size : 51,8 Mb
Release : 2010-06-26
Category : Science
ISBN : 9780309146401

Get Book

Hidden Costs of Energy by National Research Council,Policy and Global Affairs,Board on Science, Technology, and Economic Policy,Division on Engineering and Physical Sciences,Board on Energy and Environmental Systems,Division on Earth and Life Studies,Board on Environmental Studies and Toxicology,Committee on Health, Environmental, and Other External Costs and Benefits of Energy Production and Consumption Pdf

Despite the many benefits of energy, most of which are reflected in energy market prices, the production, distribution, and use of energy causes negative effects. Many of these negative effects are not reflected in energy market prices. When market failures like this occur, there may be a case for government interventions in the form of regulations, taxes, fees, tradable permits, or other instruments that will motivate recognition of these external or hidden costs. The Hidden Costs of Energy defines and evaluates key external costs and benefits that are associated with the production, distribution, and use of energy, but are not reflected in market prices. The damage estimates presented are substantial and reflect damages from air pollution associated with electricity generation, motor vehicle transportation, and heat generation. The book also considers other effects not quantified in dollar amounts, such as damages from climate change, effects of some air pollutants such as mercury, and risks to national security. While not a comprehensive guide to policy, this analysis indicates that major initiatives to further reduce other emissions, improve energy efficiency, or shift to a cleaner electricity generating mix could substantially reduce the damages of external effects. A first step in minimizing the adverse consequences of new energy technologies is to better understand these external effects and damages. The Hidden Costs of Energy will therefore be a vital informational tool for government policy makers, scientists, and economists in even the earliest stages of research and development on energy technologies.

Author : William Ginn
Publisher : Island Press
Page : 242 pages
File Size : 40,5 Mb
Release : 2020-05-21
Category : Business & Economics
ISBN : 9781642830910

Get Book

Valuing Nature by William Ginn Pdf

As the world faces unprecedented challenges such as climate change and biodiversity loss, the resources needed far outstrip the capabilities of nonprofits and even governments. Yet there are seeds of hope—and much of that hope comes from the efforts of the private sector. Impact investing is rapidly becoming an essential tool, alongside philanthropy and government funding, in tackling these major problems. Valuing Nature presents a new set of nature-based investment areas to help conservationists and investors work together. NatureVest founder William Ginn outlines the emerging private sector investing opportunities in natural assets such as green infrastructure, forests, soils, and fisheries. The first part of Valuing Nature examines the scope of nature-based impact investing while also presenting a practical overview of its limitations and the challenges facing the private sector. The second part of the book offers tools for investors and organizations to consider as they develop their own projects and tips on how nonprofits can successfully navigate this new space. Case studies from around the world demonstrate how we can use private capital to achieve more sustainable uses of our natural resources without the unintended consequences plaguing so many of our current efforts. Valuing Nature provides a roadmap for conservation professionals, nonprofit managers, and impact investors seeking to use market-based strategies to improve the management of natural systems.

Author : Robert Fish,Holly McKelvey
Publisher : CRC Press
Page : 144 pages
File Size : 53,7 Mb
Release : 2022-11-11
Category : Nature
ISBN : 9781000428568

Get Book

Valuing Nature by Robert Fish,Holly McKelvey Pdf

When a group of liberal arts students embark on a university assignment about the natural environment, no one could have quite prepared them for the bewildering array of questions and provocations to confront them in their task. What starts out as an earnest attempt to understand nature in the modern world, turns into a philosophical and practical tangle that only a good transdisciplinary education can provide. Can anyone save the day and actually start to value ‘nature’? And if they can’t, then what’s stopping them? The idea of ‘valuing nature’ harmonises diverse areas of natural resource management and is an important dimension of scientific and practical work concerned with managing ecosystems and habitats for sustainability. This graphic book takes the reader on an exploration of the issues that arise from this growing interest and concern in the valuation of nature. Set around the premise of a ‘motley’ group of undergraduates endeavouring to complete a university assignment on ‘nature in the modern world’, the book explores: the many and diverse meanings people assign to nature the different ways the relationship between people and nature might be characterised the many values systems people hold for the natural world the options and approaches society can deploy to manage it the extent to which we need entirely new economic systems to protect and sustain nature. This highly interdisciplinary book invites consideration of a range of philosophical and applied debates and questions. Written in an accessible style, it is an ideal undergraduate text in the fields of ecology, human and physical geography, conservation science, environment, social science and spatial planning, as well as a general primer for graduate natural and social scientists embarking on interdisciplinary research in the natural resource management arena.

Author : Timothy C. Haab,Kenneth E. McConnell
Publisher : Edward Elgar Publishing
Page : 343 pages
File Size : 43,7 Mb
Release : 2002-01-01
Category : Business & Economics
ISBN : 9781843765431

Get Book

Valuing Environmental and Natural Resources by Timothy C. Haab,Kenneth E. McConnell Pdf

Non-market valuation has become a broadly accepted and widely practiced means of measuring the economic values of the environment and natural resources. In this book, the authors provide a guide to the statistical and econometric practices that economists employ in estimating non-market values. The authors develop the econometric models that underlie the basic methods: contingent valuation, travel cost models, random utility models and hedonic models. They analyze the measurement of non-market values as a procedure with two steps: the estimation of parameters of demand and preference functions and the calculation of benefits from the estimated models. Each of the models is carefully developed from the preference function to the behavioral or response function that researchers observe. The models are then illustrated with datasets that characterize the kinds of data researchers typically deal with. The real world data and clarity of writing in this book will appeal to environmental economists, students, researchers and practitioners in multilateral banks and government agencies.

Author : Joel B. Smith,Neeloo Bhatti,Gennady V. Menzhulin,Ron Benioff,Max Campos,Bubu Jallow,Frank Rijsberman,Mikhail I. Budyko,R.K. Dixon
Publisher : Springer Science & Business Media
Page : 479 pages
File Size : 55,8 Mb
Release : 2012-12-06
Category : Science
ISBN : 9781461384717

Get Book

Adapting to Climate Change by Joel B. Smith,Neeloo Bhatti,Gennady V. Menzhulin,Ron Benioff,Max Campos,Bubu Jallow,Frank Rijsberman,Mikhail I. Budyko,R.K. Dixon Pdf

Global climate change is one of the most important environmental issues facing the world today. The United Nations Framework Convention on Climate Change (FCCC) acknowledges the potential for global climate change to have major effects on the world economy. The work of the Intergovernmental Panel on Cli mate Change (lPCC) is focused on evaluating the scientific data on climate change and analyzing the potential responses to it. One of the primary issues in the global climate change debate is how to adapt to any change that might occur. The process ofidentifying adaptation measures and evaluating their effectiveness is the focus of this book. In dealing with climate change adaptation, the sequence of events in conduct ing these types of analyses can be generalized as follows: • Develop scenarios for the possible range of climate change, • Assess the vulnerability of various sectors of the national economy and infrastructure to climate change, and • Identify and evaluate measures in each sector to adapt to the climate change It is this third step that is the subject of this book. In presenting this material, Chapter 1 gives an overview of the concept of climate change adaptation and the general principles guiding the conduct of analyses in this area. Chapters 2-7 give the results of evaluating climate change adaptation options in the agriculture, water resources, coastal resources, forest and ecosystems, fisheries, and human settlements sectors.

Author : International Transport Forum
Publisher : OECD Publishing
Page : 92 pages
File Size : 44,5 Mb
Release : 2015-11-24
Category : Electronic
ISBN : 9789282107928

Get Book

ITF Research Reports Adapting Transport Policy to Climate Change Carbon Valuation, Risk and Uncertainty by International Transport Forum Pdf

Transport accounts for nearly a quarter of anthropogenic carbon dioxide emissions. The price attached to these emissions is critical to climate policies and emissions mitigation efforts in the sector. As the impact of emissions on climate does not depend on where CO2 is released, the price of ...

Author : Trevor Houser,Solomon Hsiang,Robert Kopp,Kate Larsen,Michael Delgado,Amir Jina,Michael Mastrandrea,Shashank Mohan,Robert Muir-Wood,D. J. Rasmussen,James Rising,Paul Wilson
Publisher : Columbia University Press
Page : 381 pages
File Size : 46,9 Mb
Release : 2015-08-18
Category : Business & Economics
ISBN : 9780231539555

Get Book

Economic Risks of Climate Change by Trevor Houser,Solomon Hsiang,Robert Kopp,Kate Larsen,Michael Delgado,Amir Jina,Michael Mastrandrea,Shashank Mohan,Robert Muir-Wood,D. J. Rasmussen,James Rising,Paul Wilson Pdf

Climate change threatens the economy of the United States in myriad ways, including increased flooding and storm damage, altered crop yields, lost labor productivity, higher crime, reshaped public-health patterns, and strained energy systems, among many other effects. Combining the latest climate models, state-of-the-art econometric research on human responses to climate, and cutting-edge private-sector risk-assessment tools, Economic Risks of Climate Change: An American Prospectus crafts a game-changing profile of the economic risks of climate change in the United States. This prospectus is based on a critically acclaimed independent assessment of the economic risks posed by climate change commissioned by the Risky Business Project. With new contributions from Karen Fisher-Vanden, Michael Greenstone, Geoffrey Heal, Michael Oppenheimer, and Nicholas Stern and Bob Ward, as well as a foreword from Risky Business cochairs Michael Bloomberg, Henry Paulson, and Thomas Steyer, the book speaks to scientists, researchers, scholars, activists, and policy makers. It depicts the distribution of escalating climate-change risk across the country and assesses its effects on aspects of the economy as varied as hurricane damages and violent crime. Beautifully illustrated and accessibly written, this book is an essential tool for helping businesses and governments prepare for the future.

Author : Bjorn Lomborg
Publisher : Basic Books
Page : 320 pages
File Size : 44,7 Mb
Release : 2020-07-14
Category : Science
ISBN : 9781541647480

Get Book

False Alarm by Bjorn Lomborg Pdf

The New York Times-bestselling "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.

Author : International Institute for Environment and Development
Publisher : Unknown
Page : 0 pages
File Size : 51,6 Mb
Release : 2015
Category : Arid regions
ISBN : OCLC:1383659550

Get Book

Valuing Variability by International Institute for Environment and Development Pdf

Author : Samuel Fankhauser
Publisher : Routledge
Page : 195 pages
File Size : 46,6 Mb
Release : 2013-10-11
Category : Business & Economics
ISBN : 9781134168309

Get Book

Valuing Climate Change by Samuel Fankhauser Pdf

Within only a few years, global warming has emerged from scientific speculation into an environmental threat of worldwide concern. Yet the scientific community remains uncertain as to the long-term trends and effects of climate change, and this uncertainty has been seized on as justification for inaction by an international community reluctant to bear the costs of policies to reduce greenhouse gas emissions. Valuing Climate Change presents concrete, economic evidence of the need for action. Fankhauser assesses the costs of a doubling of GHG emissions to be a significant percentage of gross world product; a figure which he then compares to the costs of reducing emissions. In his comparison, he looks at regional as well as global estimates of damage, and takes account of the non-climate change benefits of GHG reductions, such as a switch in the energy sector to cleaner technologies or renewable fuels, and the impacts on transport, with reduced congestion and improved air quality. It is clear that the stakes are high, and Fankhauser believes that tougher targets may be needed than those set out in the Framework Convention on Climate Change. He assesses the optimum policy responses to GHG reduction, the likely instruments for achieving it and the potential for international cooperation in dealing with the problems. This is a major contribution to the rapidly changing debate on global warming.

Author : Toshi H. Arimura,Shigeru Matsumoto
Publisher : Springer Nature
Page : 271 pages
File Size : 55,8 Mb
Release : 2020-09-17
Category : Business & Economics
ISBN : 9789811569647

Get Book

Carbon Pricing in Japan by Toshi H. Arimura,Shigeru Matsumoto Pdf

This open access book evaluates, from an economic perspective, various measures introduced in Japan to prevent climate change. Although various countries have implemented such policies in response to the pressing issue of climate change, the effectiveness of those programs has not been sufficiently compared. In particular, policy evaluations in the Asian region are far behind those in North America and Europe due to data limitations and political reasons. The first part of the book summarizes measures in different sectors in Japan to prevent climate change, such as emissions trading and carbon tax, and assesses their impact. The second part shows how those policies have changed the behavior of firms and households. In addition, it presents macro-economic simulations that consider the potential of renewable energy. Lastly, based on these comprehensive assessments, it compares the effectiveness of measures to prevent climate change in Japan and Western countries. Providing valuable insights, this book will appeal to both academic researchers and policymakers seeking cost-effective measures against climate change.

Author : Jason West
Publisher : Routledge
Page : 402 pages
File Size : 41,9 Mb
Release : 2017-09-08
Category : Business & Economics
ISBN : 9781351276344

Get Book

The Long Hedge by Jason West Pdf

Part of the Greenleaf Publishing Responsible Investment Series.Mitigating and adapting to risks and changing circumstances is a natural part of doing business. But methods of mitigating and adapting can be quite different in terms of time, cost and observed impacts. The impacts of mitigation activities are more immediate while the benefits of adaptation activities may take many years to take effect. Nowhere is this difference more apparent than in the case of the corporate response to climate change.In the context of climate change, adaptation is the process of changing behaviour in response to actual or expected climate change impacts. Climate change adaptation is now emerging as a critical partner to mitigation, and indeed may even become the primary protection mechanism for future generations.In this unique book, Jason West provides a comprehensive assessment of the management of climate change adaptation in the corporate sector. The book provides a formal overview of the range of approaches available along with a series of practical case studies and examples that can be used by companies and other organizations to identify, assess and manage climate change adaptation.A major focus is on the financial and investment implications of climate change adaptation. West examines how firms can evaluate the investment decisions associated with long-term climate change adaptation measures, including how such investments can be valued and funded, the appropriate accounting treatment of such measures and appropriate risk management and governance practices in relation to such measures. The book also considers the needs and interests of investors and other stakeholders, and considers how they can assess the adequacy and appropriateness of corporate action on climate change.The Long Hedge will be essential reading and a key text for risk-practitioners, investors, financiers, scholars and policy makers in the field of climate change.