The Stern Review And Its Critics
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The Stern Review And Its Critics
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Author : Daniel H. Cole
language : en
Publisher:
Release Date : 2008
The Stern Review And Its Critics written by Daniel H. Cole and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
The UK's Treasury's "Stern Review: The Economics of Climate Change" (Oct. 2006) reached dramatically different conclusions and policy recommendations than most earlier economic analyses of climate change. It found that the costs of climate change, as well as the potential net benefits of greenhouse gas reductions, were much higher that previously estimated, and consequently recommended more rapid and extensive cuts in emissions than other economist analysts. The Stern Review estimated that a 1% annual investment of global GDP in mitigation could prevent a 5% (or more) reduction in annual global GDP from climate change harm, forever. A number of prominent economists, including William Nordhaus, Partha Dasgupta, Richard S.J. Tol, Robert Mendelsohn, and Martin Weitzman, have criticized the Stern Review on various grounds, including its damage estimates and the selection of parameter values (the utility discount rate and the elasticity of marginal utility), which affect the interest rate at which future costs and benefits are discounted to present value. This paper summarizes the Stern Review and its critiques, and assesses them from a process-oriented perspective to determine what they can teach us, positively and negatively, about how benefit-cost analyses (BCAs) should (or should not) be done.
Symposium The Economics Of Climate Change
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Author :
language : en
Publisher:
Release Date : 2008
Symposium The Economics Of Climate Change written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
On The Timing Of Greenhouse Gas Emissions Reductions
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Author : Simon Dietz
language : en
Publisher:
Release Date : 2013
On The Timing Of Greenhouse Gas Emissions Reductions written by Simon Dietz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
In this final rejoinder to the symposium on quot;The Economics of Climate Change: The Stern Review and Its Criticsquot;, we respond to comments published in the last issue of this journal by Robert Mendelsohn, Thomas Sterner and U. Martin Persson, and John P. Weyant (Mendelsohn et al. 2008). In particular, we examine the point of debate with arguably the greatest practical importance for ongoing negotiations over an international agreement to succeed the Kyoto Protocol: namely the appropriate timing of global reductions in greenhouse gas emissions.
The Stern Review And Its Critics
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Author : Daniel H. Cole
language : en
Publisher:
Release Date : 2008
The Stern Review And Its Critics written by Daniel H. Cole and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Climatic changes categories.
False Alarm
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Author : Bjorn Lomborg
language : en
Publisher: Hachette UK
Release Date : 2020-07-14
False Alarm written by Bjorn Lomborg and has been published by Hachette UK this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-07-14 with Science categories.
An “essential” (Times UK) and “meticulously researched” (Forbes) book by “the 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.
Why Are We Waiting
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Author : Nicholas Stern
language : en
Publisher: MIT Press
Release Date : 2016-07-29
Why Are We Waiting written by Nicholas Stern and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-07-29 with Science categories.
An urgent case for climate change action that forcefully sets out, in economic, ethical, and political terms, the dangers of delay and the benefits of action. The risks of climate change are potentially immense. The benefits of taking action are also clear: we can see that economic development, reduced emissions, and creative adaptation go hand in hand. A committed and strong low-carbon transition could trigger a new wave of economic and technological transformation and investment, a new era of global and sustainable prosperity. Why, then, are we waiting? In this book, Nicholas Stern explains why, notwithstanding the great attractions of a new path, it has been so difficult to tackle climate change effectively. He makes a compelling case for climate action now and sets out the forms that action should take. Stern argues that the risks and costs of climate change are worse than estimated in the landmark Stern Review in 2006—and far worse than implied by standard economic models. He reminds us that we have a choice. We can rely on past technologies, methods, and institutions—or we can embrace change, innovation, and international collaboration. The first might bring us some short-term growth but would lead eventually to chaos, conflict, and destruction. The second could bring about better lives for all and growth that is sustainable over the long term, and help win the battle against worldwide poverty. The science warns of the dangers of neglect; the economics and technology show what we can do and the great benefits that will follow; an examination of the ethics points strongly to a moral imperative for action. Why are we waiting?
Unstoppable Global Warming
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Author : Siegfried Fred Singer
language : en
Publisher: Rowman & Littlefield Publishers
Release Date : 2007
Unstoppable Global Warming written by Siegfried Fred Singer and has been published by Rowman & Littlefield Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Global temperature changes categories.
Argues that global warming is a natural, cyclical phenomenon that has not been caused by human activities and that its negative consequences have been greatly overestimated.
Discounting And Intergenerational Equity
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Author : Paul R. Portney
language : en
Publisher: Routledge
Release Date : 2013-10-18
Discounting And Intergenerational Equity written by Paul R. Portney and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-18 with Business & Economics categories.
The full effects of decisions made today about many environmental policies -including climate change and nuclear waste- will not be felt for many years. For issues with long-term ramifications, analysts often employ discount rates to compare present and future costs and benefits. This is reasonable, and discounting has become a procedure that raises few objections. But are the methods appropriate for measuring costs and benefits for decisions that will have impacts 20 to 30 years from now the right ones to employ for a future that lies 200 to 300 years in the future? This landmark book argues that methods reasonable for measuring gains and losses for a generation into the future may not be appropriate when applied to a longer span of time. Paul Portney and John Weyant have assembled some of the world's foremost economists to reconsider the purpose, ethical implications, and application of discounting in light of recent research and current policy concerns. These experts note reasons why conventional calculations involved in discounting are undermined when considering costs and benefits in the distant future, including uncertainty about the values and preferences of future generations, and uncertainties about available technologies. Rather than simply disassemble current methodologies, the contributors examine innovations that will make discounting a more compelling tool for policy choices that influence the distant future. They discuss the combination of a high shout-term with a low long-term diescount rate, explore discounting according to more than one set of anticipated preferences for the future, and outline alternatives involving simultaneous consideration of valuation, discounting and political acceptability.
Priceless
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Author : Frank Ackerman
language : en
Publisher: ReadHowYouWant.com
Release Date : 2010-10
Priceless written by Frank Ackerman and has been published by ReadHowYouWant.com this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-10 with Business & Economics categories.
As clinical as it sounds to express the value of human lives, health, or the environment in cold dollars and cents, cost-benefit analysis requires it. More disturbingly, this approach is being embraced by a growing number of politicians and conservative pundits as the most reasonable way to make many policy decisions regarding public health and the environment. By systematically refuting the economic algorithms and illogical assumptions that cost-benefit analysts flaunt as fact, Priceless tells a ''gripping story about how solid science has been shoved to the backburner by bean counters with ideological blinders'' (In These Times). Ackerman and Heinzerling argue that decisions about health and safety should be made ''to reflect not economists' numbers, but democratic values, chosen on moral grounds. This is a vividly written book, punctuated by striking analogies, a good deal of outrage, and a nice dose of humor'' (Cass Sunstein, The New Republic). Essential reading for anyone concerned with the future of human health and environmental protection, Priceless ''shines a bright light on obstacles that stand in the way of good government decisions''.
Too Big To Fail
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Author : Gary H. Stern
language : en
Publisher: Rowman & Littlefield
Release Date : 2004-02-29
Too Big To Fail written by Gary H. Stern and has been published by Rowman & Littlefield this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-02-29 with Business & Economics categories.
The potential failure of a large bank presents vexing questions for policymakers. It poses significant risks to other financial institutions, to the financial system as a whole, and possibly to the economic and social order. Because of such fears, policymakers in many countries—developed and less developed, democratic and autocratic—respond by protecting bank creditors from all or some of the losses they otherwise would face. Failing banks are labeled "too big to fail" (or TBTF). This important new book examines the issues surrounding TBTF, explaining why it is a problem and discussing ways of dealing with it more effectively. Gary Stern and Ron Feldman, officers with the Federal Reserve, warn that not enough has been done to reduce creditors' expectations of TBTF protection. Many of the existing pledges and policies meant to convince creditors that they will bear market losses when large banks fail are not credible, resulting in significant net costs to the economy. The authors recommend that policymakers enact a series of reforms to reduce expectations of bailouts when large banks fail.