The Oxford Handbook of the Macroeconomics of Global Warming.pdf

The Oxford Handbook of the Macroeconomics of Global Warming.pdf


Dialogue on global warming has progressed from the Kyoto Protocol to meetings in Copenhagen and Cancun and will soon resume in meetings in South Africa. Some observers consider the Copenhagen conference a failure. EU representatives, in contrast, present an optimistic evaluation of achieving a global temperature rise limit of not more than 2 C by 2100. Geoscience researchers and lead investigators of the Intergovernmental Panel on Climate Change (IPCC) have supported CO2 emission reduction pledges and contend that we can achieve the 2 C limit through international coordination. This position conflicts with evaluations of United States Congressional and Presidential advisors, who do not believe the Copenhagen CO2 reduction commitments can hold the global warming increase to below 2 C and who have not supported the agreement. Developing countries are alarmed, because climate change is expected to hit them hardest. The developed world will use energy to mitigate global warming effects, but developing countries are more exposed by geography and poverty to the most dangerous consequences of a global temperature rise. The Oxford Handbook of the Macroeconomics of Global Warming analyzes the macroeconomics of global warming, especially the economics of possible preventative measures, various policy changes, and potential effects of climate change on developing and developed nations.

"Governments can and must regulate cooperatively. Private industry can and must address the causal factors, and the solutions to mitigate, global warming. In this seminal work, Bernard and Semmler give us an insightful and comprehensive framework to find the social, scientific, and economic initiatives critical to solving humankind's greatest challenge." Edgar Bronfman, Jr., Executive Chairman, Global Thermostat

Lucas Bernard is Professor of Business at The City University of New York, College of Technology.

List of Contributors ; 1. The Macroeconomics of Global Warming ; Lucas Bernard and Willi Semmler ; PART I: GROWTH AND CLIMATE CHANGE ; 2. Improving Climate Projections to Better Inform Climate Risk Management ; Klaus Keller and Robert Nicholas ; 3. Energy Balance Climate Models, Damage Reservoirs and the Time Profile of Climate Change Policy ; William Brock, Gustav Engstrom, and Anastasios Xepapadeas ; 4. Economics of Environmental Regime Shifts ; Florian Wagener ; 5. Policy Scenarios in a Model of Optimal Economics Growth and Climate Change ; Helmut Maurer, Johann Jakob Preuss, and Willi Semmler ; 6. Adaptive Model-Predictive Climate Policies in a Multi-Country Setting ; Thierry Brechet, Carmen Camacho, and Vladimir M. Veliov ; PART II: MITIGATION POLICY MODELING ; 7. Prospects of Tools from Differential Games in the Study of Macroeconomics of Climate Change ; Jacob Engwerda ; 8. Fairness in Climate Negotiations: A Meta-Game Analysis Based on Community Integrated Assessment ; Alain Haurie, Frederic Babonneau, Neil Edwards, Phil Holden, Amit Kanudia, Maryse Labriet, Barbara Pizzileo, and Marc Vielle ; 9. Climate Change and Second-Best Abatement in a Multi-Region World with Endogenous Growth ; Alfred Greiner ; 10. Global Warming and R&D-Based Growth in a Trade Model between Environmentally Sensitive and Environmentally Neglectful Countries ; Francisco Cabo, Guiomar Martin-Herran, and Maria Pilar Martinez-Garcia ; 11. Climate Change and Inter-Generational Wellbeing ; Jeffrey D. Sachs ; 12. The Atmosphere as a Global Commons: Challenges for International Cooperation and Governance ; Ottmar Edenhofer, Christian Flachsland, Michael Jakob, and Kai Lessmann ; 13. The Social Cost of Carbon ; Richard S. J. Tol ; PART III: TECHNOLOGY AND ENERGY POLICIES ; 14. Climate-Friendly Technological Change for Developing Countries ; David Popp ; 15. Renewable Energy: Models, Implications, and Prospects ; Franz Wirl and Yuri Yegorov ; 16. Emission Trading Systems and Technological Innovation: A Random Matching Model ; Angelo Antoci, Simone Borghesi, and Mauro Sodini ; 17. The Reality of Nuclear Power: The Fukushima Experience and Its Impact ; Kozo Mayumi and John M. Polimeni ; PART IV: ECONOMIC EFFECTS OF MITIGATION AND ADAPTATION ; 18. Forecast Based Pricing of Weather Derivatives ; Wolfgang Karl Hardle, Brenda Lopez Cabrera, Matthias Ritter ; 19. Employment and Output Effects of Climate Policies ; Mika Kato, Stefan Mittnik, Daniel Samaan, and Willi Semmler ; 20. Macroeconomic Effects of Renewable Energy and Energy Efficiency Policies with a Focus on Germany ; Christian Lutz and Ulrike Lehr ; PART V: INTERNATIONAL PERSPECTIVES ; 21. The Stabilization of Earth's Climate in the 21st Century by the Stabilization of Per Capita Consumption ; Askar Akaev ; 22. Does Kyoto Protocol Intensify Carbon Leakage to China? ; Zhong Maochu and Shi Yadong ; 23. Climate Thresholds, Weather Extremes, and Catastrophic Losses ; Lopamudra Banerjee ; 24. Climate Impacts on Agriculture: A Challenge to Complacency? ; Frank Ackerman, Elizabeth A. Stanton ; PART VI: DIRECTIONS IN MITIGATION POLICY DESIGN ; 25. The Legal Framework of Global Environment Governance on Climate Change: A Critical Survey ; Raphaele Chappe ; 26. Environment and Development Challenges: The Imperative of a Carbon Fee and Dividend ; James E. Hansen ; 27. The Need for Sustainable Development and a Carbon Market: Avoiding Extinction ; Graciela Chichilnisky


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