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"Global Warming - economics"
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Slow burn: : the hidden costs of a warming world
\"Thinking about climate change, many of us picture the catastrophic effects that the science has shown are sure to come if we don't act, and we often hear that global temperatures are rising at increasing and alarming rates. While those trends of rising temperatures will certainly bring about catastrophe if allowed to continue, they are also already having devastating effects right now. This book will focus on the economic implications of heat events happening now, and the warming that is already certain to come over the next 20 to 30 years. The book will focus on the hidden inequalities that have for long lain in plain sight: the way a heat wave, for instance, may barely be noticed by most office workers but pose potentially life-threatening risks for landscapers and construction crews, even within the same zip code. Economist Jisung Park argues that what's missing in the debate on climate change are answers to more practical questions: what climate change means for us and for our children, for the opportunities and livelihoods of our neighbors and friends, not 100 years from now, but right now. In his research, Park has quantified effects such as how when you take an exam on a 90 degree day in a building without working air conditioning, you will likely perform 10% to 15% worse than you would have on a day in the 60s; how if your job involves working outdoors, you're 5% to 10% more likely to experience a serious injury at work if the temperature is above 95 degrees; how the returns on your retirement fund can fluctuate quarter to quarter depending on the number of heat waves in China or the temperature in lower Manhattan; and how trends in criminal activity and policing behavior in your neighborhood worsen on a hot day. The book will argue that our collective discourse around climate change appears to be leaving out a crucial if seemingly commonplace factor: the subtle yet pervasive effects of heat on everyday people doing everyday things. It will paint a picture of climate change as \"the silent accumulation of a thousand tiny burns, and an amplifier of underlying inequality; less an impending cardiac arrest for civilization but more a chronic and gradually intensifying inflammation for society's have-nots.\"\"-- Provided by publisher.
Book
A Question of Balance
As scientific and observational evidence on global warming piles up every day, questions of economic policy in this central environmental topic have taken center stage. But as author and prominent Yale economist William Nordhaus observes, the issues involved in understanding global warming and slowing its harmful effects are complex and cross disciplinary boundaries. For example, ecologists see global warming as a threat to ecosystems, utilities as a debit to their balance sheets, and farmers as a hazard to their livelihoods.
In this important work, William Nordhaus integrates the entire spectrum of economic and scientific research to weigh the costs of reducing emissions against the benefits of reducing the long-run damages from global warming. The book offers one of the most extensive analyses of the economic and environmental dynamics of greenhouse-gas emissions and climate change and provides the tools to evaluate alternative approaches to slowing global warming. The author emphasizes the need to establish effective mechanisms, such as carbon taxes, to harness markets and harmonize the efforts of different countries. This book not only will shape discussion of one the world's most pressing problems but will provide the rationales and methods for achieving widespread agreement on our next best move in alleviating global warming.
eBook
Economic choices in a warming world
\"Since the publication of the Stern Review, economists have started to ask more normative questions about climate change. Should we act now or tomorrow? What is the best theoretical carbon price to reach long-term abatement targets? How do we discount the long-term costs and benefits of climate change? This provocative book argues that these are the wrong sorts of questions to ask because they don't take into account the policies that have already been implemented. Instead, it urges us to concentrate on existing policies and tools by showing how the development of carbon markets could dramatically reduce world greenhouse gas (GHG) emissions, triggering policies to build a new low-carbon energy system while restructuring the way agriculture interacts with forests. This provides an innovative new perspective on how a post-Kyoto international climate regime could emerge from agreements between the main GHG emitters capping their emissions and building an international carbon market\"-- Provided by publisher.
Book
Economics and the Challenge of Global Warming
Economics and the Challenge of Global Warming is a balanced and comprehensive analysis of the role of economics in confronting global warming, the central environmental issue of the twenty-first century. It avoids a technical exposition in order to reach a wide audience and is up to date in its theoretical and empirical underpinnings. It is addressed to all who have some knowledge of economic concepts and a serious interest in how economics can (and cannot) help in crafting climate policy. The book is organized around three central questions. First, can benefit-cost analysis guide us in setting warming targets? Second, what strategies and policies are cost-effective? Third, and most difficult, can a global agreement be forged between rich and poor, North and South? While economic concepts are foremost in the analysis, they are placed within an accessible ethical and political matrix. The book serves as a primer for the post-Kyoto era.
eBook
Cheaper, faster, better : how we'll win the climate war
The climate is changing more rapidly than scientists predicted even a few years ago, with extreme weather already touching our everyday lives. At the same time, the clean energy revolution is forging ahead faster than nearly anyone anticipated. As Tom Steyer sees it, these two trends together create a moment like the one America faced during World War II: on the one hand, an existential threat calling for collective action; on the other, an opportunity to lead the world, protect the planet, and set the stage for a new generation of shared economic prosperity. In 2012, Steyer walked away from the highly successful investment fund he founded to devote himself full time to climate issues, and he's been on the front lines of the fight ever since: funding cleantech research and businesses, spearheading clean-energy ballot measures and voter registration drives, and running for president on a climate platform. Today, he leads a climate investment firm focused on accelerating climate solutions. In this accessible book, Steyer shares his own story and showcases the inspiring and innovative work of other climate leaders in the clean-energy transition. He shows us how capitalism can be used to scale climate progress, debunks many of the arguments made by fossil fuel companies, and calls on all of us to make stabilizing our planet part of our life's work. As green technology is fast becoming cleaner and cheaper, reshaping our planet's future--and our own--has never been more crucial or within our reach.
Book
Smart Solutions to Climate Change
The failure of the Copenhagen climate conference in December 2009 revealed major flaws in the way the world's policy makers have attempted to prevent dangerous levels of increases in global temperatures. The expert authors in this specially commissioned collection focus on the likely costs and benefits of a very wide range of policy options, including geo-engineering, mitigation of CO2, methane and 'black carbon', expanding forest, research and development of low-carbon energy and encouraging green technology transfer. For each policy, authors outline all of the costs, benefits and likely outcomes, in fully referenced, clearly presented chapters accompanied by shorter, critical alternative perspectives. To further stimulate debate, a panel of economists, including three Nobel laureates, evaluate and rank the attractiveness of the policies. This authoritative and thought-provoking book will challenge readers to form their own conclusions about the best ways to respond to global warming.
eBook
Pandora's toolbox : the hopes and hazards of climate intervention
\"Reaching net zero emissions will not be the end of the climate struggle, but only the end of the beginning. For centuries thereafter, temperatures will remain elevated; climate damages will continue to accrue and sea levels will continue to rise. Even the urgent and utterly essential task of reaching net zero cannot be achieved rapidly by emissions reductions alone. To hasten net zero and minimize climate damages thereafter, we will also need massive carbon removal and storage. We may even need to reduce incoming solar radiation in order to lower unacceptably high temperatures. Such unproven and potentially risky climate interventions raise mind-blowing questions of governance and ethics. Pandora's Toolbox offers readers an accessible and authoritative introduction to both the hopes and hazards of some of humanity's most controversial technologies, which may nevertheless provide the key to saving our world.\"--Dust jacket.
Book
Global non-linear effect of temperature on economic production
Economic productivity is shown to peak at an annual average temperature of 13 °C and decline at high temperatures, indicating that climate change is expected to lower global incomes more than 20% by 2100.
The cost of a warming climate
Temperature, and therefore climate change, can affect a country's economic productivity, but it has not been clear if rich and poor countries, or different aspects of economic productivity, show similar relationships. These authors use economic data from 166 countries for the years 1960 to 2010 to uncover a universal nonlinear relationship that reconciles earlier results. Economic productivity peaks at an annual average temperature of 13 °C, and the authors explore the likelihood of global economic contraction under future warming scenarios.
Growing evidence demonstrates that climatic conditions can have a profound impact on the functioning of modern human societies
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, but effects on economic activity appear inconsistent. Fundamental productive elements of modern economies, such as workers and crops, exhibit highly non-linear responses to local temperature even in wealthy countries
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. In contrast, aggregate macroeconomic productivity of entire wealthy countries is reported not to respond to temperature
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, while poor countries respond only linearly
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. Resolving this conflict between micro and macro observations is critical to understanding the role of wealth in coupled human–natural systems
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and to anticipating the global impact of climate change
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,
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. Here we unify these seemingly contradictory results by accounting for non-linearity at the macro scale. We show that overall economic productivity is non-linear in temperature for all countries, with productivity peaking at an annual average temperature of 13 °C and declining strongly at higher temperatures. The relationship is globally generalizable, unchanged since 1960, and apparent for agricultural and non-agricultural activity in both rich and poor countries. These results provide the first evidence that economic activity in all regions is coupled to the global climate and establish a new empirical foundation for modelling economic loss in response to climate change
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, with important implications. If future adaptation mimics past adaptation, unmitigated warming is expected to reshape the global economy by reducing average global incomes roughly 23% by 2100 and widening global income inequality, relative to scenarios without climate change. In contrast to prior estimates, expected global losses are approximately linear in global mean temperature, with median losses many times larger than leading models indicate.
Journal Article
How to win public support for a global carbon tax
Survey shows charges on emissions could be popular if revenues are given back to citizens, find Stefano Carattini, Steffen Kallbekken and Anton Orlov.
Survey shows charges on emissions could be popular if revenues are given back to citizens, find Stefano Carattini, Steffen Kallbekken and Anton Orlo.
Journal Article