By Frank Ackerman, Elizabeth A. Stanton
Climate technology paints a bleak photo: the continuing progress of greenhouse gasoline emissions is more and more prone to reason irreversible and catastrophic results. pressing motion is required to organize for the preliminary rounds of climatic swap, that are already unstoppable. whereas the chance to keep away from all weather harm has now handed, well-designed mitigation and model rules, if followed quick, may possibly nonetheless tremendously lessen the chance of the main tragic and far-reaching affects of weather change.
Climate economics is the bridge among technology and coverage, translating medical predictions approximately actual platforms into projections approximately fiscal progress and human welfare that call makers can such a lot with no trouble use however it has too usually consisted of an excessively technical, educational method of the problem.
Getting weather economics correct isn't approximately publishing the cleverest article of the yr yet quite approximately supporting clear up the issue of the century. The projects forward are daunting, and failure, regrettably, is sort of attainable. higher ways to weather economics will enable economists to be a part of the answer instead of a part of the matter. This booklet analyzes strength paths for improvement.
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Extra info for Climate Economics: The State of the Art
Forest sequestration is a low-cost emission reduction strategy for the European Union, but, if pursued unilaterally, could perversely increase timber production in other areas of the world that already suffer from high deforestation rates (Michetti and Rosa 2012). Realistic afforestation scenarios would lead to only small reductions in future temperatures (Arora and Montenegro 2011), implying that forest sequestration needs to be part of a much broader strategy. Recent research models the joint dynamics of the carbon and nitrogen cycles; this reduces but does not eliminate the projected effect of carbon fertilization (Zaehle et al.
Quadratic damage functions are an arbitrary convention, not based on anything in the science reviewed in this book. 5°C of warming would cause losses of less than 2 percent seems incompatible with the projections of serious climate impacts that are expected at that temperature or even lower. 3), bring the possibility of catastrophic damages into the realm of modeling results. This introduces a broader range of uncertainty into the seemingly precise and often surprisingly low monetary estimates of climate damages found in the economics literature.
2009). In the United States, there is a strong relationship between higher temperatures and lower precipitation levels, especially in the South (Portmann et al. 2009). Recent research on the United States highlights another key ﬁnding related to regional downscaling: Land-use changes – affecting vegetation and soil moisture, along with a concurrent release of aerosols – impact both precipitation levels and the incidence of extreme weather events (Portmann et al. 2009; Diffenbaugh 2009; Leung and Qian 2009).