Climate economics
Subtitle: economic analysis of climate, climate change and climate policy
By: Richard S.J. Tol
Publisher: Edward Elgar Pub
Published: 2014
Language: eng
Number of pages: 198
ISBN-13: 9781782545927; 9781782545910
Subjects: Economic aspects; Climatic changes; Government policy
Description: Topics discussed include the costs and benefits of adaptation and mitigation, discounting, uncertainty, policy instruments, and international agreements. Special features include: in-depth treatment of the economics of climate change; careful explanations of concepts and their application to climate policy; customizable integrated assessment model that illustrates all issues discussed; specific usage guidelines for each level of reader; companion website featuring data, extra reading, quizzes, videos and more. This book will be an essential text for students of varying levels in economics, climate change and environmental policy, and a resource for researchers and practitioners.
Notes: Includes bibliographical references and index.

This text on the economics of climate change and climate policy can be used at three different levels - advanced undergraduate, post-graduate and doctoral. It covers the critical issues and clearly identifies the specific sections each level of reader should explore.
Table of contents: title: Preface; title: Introduction; title: 1. The science of climate change; title: Tweet book; title: Processes; title: Projections; title: Further reading; title: 2. Emissions scenarios and options for emission reduction; title: Tweet book Sources of greenhouse gas emissions; title: Trends in carbon dioxide emissions; title: Scenarios of future emissions; title: Options for emission reduction; title: Further reading; title: Exercises; title: 3. Abatement costs; title: Tweet book; title: The costs of emission reduction; title: Negative abatement costs; title: Further reading; title: Exercises.; title: 4. Policy instruments for emission reduction; title: Tweet book; title: The justification of public policy; title: Direct regulation; title: Market-based instruments; title: Cost-effectiveness; title: Dynamic efficiency; title: Environmental effectiveness; title: Taxes versus tradable permits under uncertainty; title: Initial allocation of permits; title: Initial and final allocation of permits; title: International trade in emission permits; title: Technological change; title: Emissions trade in practice: The EU Emissions Trading System; title: Emissions trade in practice: The Clean Development Mechanism; title: Further reading; title: Exercises; title: 5. Impacts and valuation; title: Tweet book; title: Impacts of climate change; title: Purpose of valuation; title: Valuation methods: Revealed preferences; title: Valuation methods: Stated preferences; title: Issues for climate change: Benefit transfer; title: Issues for climate change: WTP versus WTAC; title: Further reading; title: Exercises.; title: 6. Impacts of climate change; title: Tweet book; title: Reasons for concern; title: Total economic impacts; title: Impacts and development; title: Marginal economic impacts; title: The growth rate of the marginal impact; title: Further reading; title: Exercises; title: 7. Climade and development; title: Tweet book; title: Growth models; title: Natural disasters; title: Poverty traps; title: Further reading; title: Exercises; title: 8. Optimal climate policy; title: Tweet book; title: The ultimate target; title: Benefit-cost analysis; title: Estimates of optimal emission reduction; title: Trade-offs between greenhouse gases; title: Further reading; title: Exercises.; title: 9. Discounting, equity, uncertainty; title: Tweet book; title: Time discounting: Derivation of the Ramsey rule; title: Time discounting; title: Declining discount rates; title: Axiomatic approaches to intertemporal welfare; title: Equity; title: Derivation of equity weights; title: Uncertainty; title: Ambiguity; title: Deep uncertainty; title: Implications for climate policy; title: The choice of parameters; title: Science and advocacy; title: Further reading; title: Exercises; title: 10. Irreversibility and learning; title: Tweet book; title: Introduction; title: A stylized example; title: Applications to climate change; title: Further reading; title: Exercises.; title: 11. International environmental agreements; title: Tweet book; title: Cooperative and non-cooperative abatement; title: Free-riding; title: Cartel formation; title: Multiple coalitions; title: International climate policy; title: Further reading; title: Exercises; title: 12. Adaptation policy; title: Tweet book; title: Adaptation versus mitigation; title: The governement's role in adaptation; title: Adaptation and development; title: How to adapt; title: Further reading; title: Exercises.; title: 13. Building an integrated assessment model; title: Introduction; title: Carbon cycle and climate; title: Scenarios; title: Abatement; title: Tradable permits; title: Impacts of climate change; title: Social cost of carbon; title: Development; title: Optimal climate policy; title: Discounting and equity; title: Uncertainty; title: Non-cooperative climate policy; title: Adaptation policy; title: 14. How to solve the climate problem?; title: Tweet book; title: The problem; title: Costs and benefits of climate policy; title: Complications; title: The solution; title: Further reading; title: Index.