Assessment Of Approaches To Updating The Social Cost Of Carbon

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Assessment of Approaches to Updating the Social Cost of Carbon

Author : National Academies of Sciences, Engineering, and Medicine
Publisher : National Academies Press
ISBN 13 : 0309391482
Total Pages : 73 pages
Book Rating : 4.3/5 (93 download)

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Book Synopsis Assessment of Approaches to Updating the Social Cost of Carbon by : National Academies of Sciences, Engineering, and Medicine

Download or read book Assessment of Approaches to Updating the Social Cost of Carbon written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2016-02-26 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: The social cost of carbon (SCC) for a given year is an estimate, in dollars, of the present discounted value of the damage caused by a 1-metric ton increase in CO2 emissions into the atmosphere in that year; or equivalently, the benefits of reducing CO2 emissions by the same amount in that given year. The SCC is intended to provide a comprehensive measure of the monetized value of the net damages from global climate change from an additional unit of CO2, including, but not limited to, changes in net agricultural productivity, energy use, human health effects, and property damages from increased flood risk. Federal agencies use the SCC to value the CO2 emissions impacts of various policies including emission and fuel economy standards for vehicles, regulations of industrial air pollutants from industrial manufacturing, emission standards for power plants and solid waste incineration, and appliance energy efficiency standards. There are significant challenges to estimating a dollar value that reflects all the physical, human, ecological, and economic impacts of climate change. Recognizing that the models and scientific data underlying the SCC estimates evolve and improve over time, the federal government made a commitment to provide regular updates to the estimates. To assist with future revisions of the SCC, the Interagency Working Group on the Social Cost of Carbon (IWG) requested the National Academies of Sciences, Engineering, and Medicine complete a study that assessed the merits and challenges of a limited near-term update to the SCC and of a comprehensive update of the SCC to ensure that the estimates reflect the best available science. This interim report focuses on near-term updates to the SCC estimates.

Valuing Climate Damages

Author : National Academies of Sciences, Engineering, and Medicine
Publisher : National Academies Press
ISBN 13 : 0309454204
Total Pages : 281 pages
Book Rating : 4.3/5 (94 download)

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Book Synopsis Valuing Climate Damages by : National Academies of Sciences, Engineering, and Medicine

Download or read book Valuing Climate Damages written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2017-06-23 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: The social cost of carbon (SC-CO2) is an economic metric intended to provide a comprehensive estimate of the net damages - that is, the monetized value of the net impacts, both negative and positive - from the global climate change that results from a small (1-metric ton) increase in carbon-dioxide (CO2) emissions. Under Executive Orders regarding regulatory impact analysis and as required by a court ruling, the U.S. government has since 2008 used estimates of the SC-CO2 in federal rulemakings to value the costs and benefits associated with changes in CO2 emissions. In 2010, the Interagency Working Group on the Social Cost of Greenhouse Gases (IWG) developed a methodology for estimating the SC-CO2 across a range of assumptions about future socioeconomic and physical earth systems. Valuing Climate Changes examines potential approaches, along with their relative merits and challenges, for a comprehensive update to the current methodology. This publication also recommends near- and longer-term research priorities to ensure that the SC- CO2 estimates reflect the best available science.

Climate Intervention

Author : National Research Council
Publisher : National Academies Press
ISBN 13 : 0309305322
Total Pages : 154 pages
Book Rating : 4.3/5 (93 download)

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Book Synopsis Climate Intervention by : National Research Council

Download or read book Climate Intervention written by National Research Council and published by National Academies Press. This book was released on 2015-06-17 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: The signals are everywhere that our planet is experiencing significant climate change. It is clear that we need to reduce the emissions of carbon dioxide and other greenhouse gases from our atmosphere if we want to avoid greatly increased risk of damage from climate change. Aggressively pursuing a program of emissions abatement or mitigation will show results over a timescale of many decades. How do we actively remove carbon dioxide from the atmosphere to make a bigger difference more quickly? As one of a two-book report, this volume of Climate Intervention discusses CDR, the carbon dioxide removal of greenhouse gas emissions from the atmosphere and sequestration of it in perpetuity. Climate Intervention: Carbon Dioxide Removal and Reliable Sequestration introduces possible CDR approaches and then discusses them in depth. Land management practices, such as low-till agriculture, reforestation and afforestation, ocean iron fertilization, and land-and-ocean-based accelerated weathering, could amplify the rates of processes that are already occurring as part of the natural carbon cycle. Other CDR approaches, such as bioenergy with carbon capture and sequestration, direct air capture and sequestration, and traditional carbon capture and sequestration, seek to capture CO2 from the atmosphere and dispose of it by pumping it underground at high pressure. This book looks at the pros and cons of these options and estimates possible rates of removal and total amounts that might be removed via these methods. With whatever portfolio of technologies the transition is achieved, eliminating the carbon dioxide emissions from the global energy and transportation systems will pose an enormous technical, economic, and social challenge that will likely take decades of concerted effort to achieve. Climate Intervention: Carbon Dioxide Removal and Reliable Sequestration will help to better understand the potential cost and performance of CDR strategies to inform debate and decision making as we work to stabilize and reduce atmospheric concentrations of carbon dioxide.

Review of the Draft Fourth National Climate Assessment

Author : National Academies of Sciences, Engineering, and Medicine
Publisher : National Academies Press
ISBN 13 : 0309471699
Total Pages : 207 pages
Book Rating : 4.3/5 (94 download)

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Book Synopsis Review of the Draft Fourth National Climate Assessment by : National Academies of Sciences, Engineering, and Medicine

Download or read book Review of the Draft Fourth National Climate Assessment written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2018-06-18 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change poses many challenges that affect society and the natural world. With these challenges, however, come opportunities to respond. By taking steps to adapt to and mitigate climate change, the risks to society and the impacts of continued climate change can be lessened. The National Climate Assessment, coordinated by the U.S. Global Change Research Program, is a mandated report intended to inform response decisions. Required to be developed every four years, these reports provide the most comprehensive and up-to-date evaluation of climate change impacts available for the United States, making them a unique and important climate change document. The draft Fourth National Climate Assessment (NCA4) report reviewed here addresses a wide range of topics of high importance to the United States and society more broadly, extending from human health and community well-being, to the built environment, to businesses and economies, to ecosystems and natural resources. This report evaluates the draft NCA4 to determine if it meets the requirements of the federal mandate, whether it provides accurate information grounded in the scientific literature, and whether it effectively communicates climate science, impacts, and responses for general audiences including the public, decision makers, and other stakeholders.

Assessment of Approaches to Updating the Social Cost of Carbon

Author : National Academies of Sciences, Engineering, and Medicine
Publisher : National Academies Press
ISBN 13 : 0309391458
Total Pages : 73 pages
Book Rating : 4.3/5 (93 download)

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Book Synopsis Assessment of Approaches to Updating the Social Cost of Carbon by : National Academies of Sciences, Engineering, and Medicine

Download or read book Assessment of Approaches to Updating the Social Cost of Carbon written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2016-03-26 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: The social cost of carbon (SCC) for a given year is an estimate, in dollars, of the present discounted value of the damage caused by a 1-metric ton increase in CO2 emissions into the atmosphere in that year; or equivalently, the benefits of reducing CO2 emissions by the same amount in that given year. The SCC is intended to provide a comprehensive measure of the monetized value of the net damages from global climate change from an additional unit of CO2, including, but not limited to, changes in net agricultural productivity, energy use, human health effects, and property damages from increased flood risk. Federal agencies use the SCC to value the CO2 emissions impacts of various policies including emission and fuel economy standards for vehicles, regulations of industrial air pollutants from industrial manufacturing, emission standards for power plants and solid waste incineration, and appliance energy efficiency standards. There are significant challenges to estimating a dollar value that reflects all the physical, human, ecological, and economic impacts of climate change. Recognizing that the models and scientific data underlying the SCC estimates evolve and improve over time, the federal government made a commitment to provide regular updates to the estimates. To assist with future revisions of the SCC, the Interagency Working Group on the Social Cost of Carbon (IWG) requested the National Academies of Sciences, Engineering, and Medicine complete a study that assessed the merits and challenges of a limited near-term update to the SCC and of a comprehensive update of the SCC to ensure that the estimates reflect the best available science. This interim report focuses on near-term updates to the SCC estimates.

Negative Emissions Technologies and Reliable Sequestration

Author : National Academies of Sciences, Engineering, and Medicine
Publisher : National Academies Press
ISBN 13 : 0309484529
Total Pages : 511 pages
Book Rating : 4.3/5 (94 download)

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Book Synopsis Negative Emissions Technologies and Reliable Sequestration by : National Academies of Sciences, Engineering, and Medicine

Download or read book Negative Emissions Technologies and Reliable Sequestration written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2019-04-08 with total page 511 pages. Available in PDF, EPUB and Kindle. Book excerpt: To achieve goals for climate and economic growth, "negative emissions technologies" (NETs) that remove and sequester carbon dioxide from the air will need to play a significant role in mitigating climate change. Unlike carbon capture and storage technologies that remove carbon dioxide emissions directly from large point sources such as coal power plants, NETs remove carbon dioxide directly from the atmosphere or enhance natural carbon sinks. Storing the carbon dioxide from NETs has the same impact on the atmosphere and climate as simultaneously preventing an equal amount of carbon dioxide from being emitted. Recent analyses found that deploying NETs may be less expensive and less disruptive than reducing some emissions, such as a substantial portion of agricultural and land-use emissions and some transportation emissions. In 2015, the National Academies published Climate Intervention: Carbon Dioxide Removal and Reliable Sequestration, which described and initially assessed NETs and sequestration technologies. This report acknowledged the relative paucity of research on NETs and recommended development of a research agenda that covers all aspects of NETs from fundamental science to full-scale deployment. To address this need, Negative Emissions Technologies and Reliable Sequestration: A Research Agenda assesses the benefits, risks, and "sustainable scale potential" for NETs and sequestration. This report also defines the essential components of a research and development program, including its estimated costs and potential impact.

Carbon Footprint Analysis

Author : Matthew John Franchetti
Publisher : CRC Press
ISBN 13 : 1439857830
Total Pages : 273 pages
Book Rating : 4.4/5 (398 download)

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Book Synopsis Carbon Footprint Analysis by : Matthew John Franchetti

Download or read book Carbon Footprint Analysis written by Matthew John Franchetti and published by CRC Press. This book was released on 2012-06-18 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: The negative impacts of carbon emissions from human activities continue to dramatically reshape the environmental, political, and social landscape. These impacts coupled with cap and trade schemes iterate the importance and need to properly measure and reduce greenhouse gas emissions. Carbon Footprint Analysis: Concepts, Methods, Implementation, and Case Studies provides up-to-date technical information and practical guidance on measuring and reducing energy and GHG emissions. Presenting a comprehensive framework for carbon management, this book: Provides definitions, concepts, benefits, and background information regarding carbon footprint analyses Discusses the GHG accounting methods Outlines the general systems framework for conducting an audit Features four case studies in higher education, service, and manufacturing organizations The book includes detailed discussions of the concepts and explains how the different concepts fit together. It supplies the necessary background as well as systematic tools and procedures for organizations to measure and reduce their carbon footprints and begin to adapt to a carbon-constrained world.

How to Avoid a Climate Disaster

Author : Bill Gates
Publisher : Vintage
ISBN 13 : 0385546149
Total Pages : 201 pages
Book Rating : 4.3/5 (855 download)

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Book Synopsis How to Avoid a Climate Disaster by : Bill Gates

Download or read book How to Avoid a Climate Disaster written by Bill Gates and published by Vintage. This book was released on 2021-02-16 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: #1 NEW YORK TIMES BEST SELLER • In this urgent, authoritative book, Bill Gates sets out a wide-ranging, practical—and accessible—plan for how the world can get to zero greenhouse gas emissions in time to avoid a climate catastrophe. Bill Gates has spent a decade investigating the causes and effects of climate change. With the help of experts in the fields of physics, chemistry, biology, engineering, political science, and finance, he has focused on what must be done in order to stop the planet's slide to certain environmental disaster. In this book, he not only explains why we need to work toward net-zero emissions of greenhouse gases, but also details what we need to do to achieve this profoundly important goal. He gives us a clear-eyed description of the challenges we face. Drawing on his understanding of innovation and what it takes to get new ideas into the market, he describes the areas in which technology is already helping to reduce emissions, where and how the current technology can be made to function more effectively, where breakthrough technologies are needed, and who is working on these essential innovations. Finally, he lays out a concrete, practical plan for achieving the goal of zero emissions—suggesting not only policies that governments should adopt, but what we as individuals can do to keep our government, our employers, and ourselves accountable in this crucial enterprise. As Bill Gates makes clear, achieving zero emissions will not be simple or easy to do, but if we follow the plan he sets out here, it is a goal firmly within our reach.

Gaseous Carbon Waste Streams Utilization

Author : National Academies of Sciences, Engineering, and Medicine
Publisher : National Academies Press
ISBN 13 : 0309483360
Total Pages : 257 pages
Book Rating : 4.3/5 (94 download)

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Book Synopsis Gaseous Carbon Waste Streams Utilization by : National Academies of Sciences, Engineering, and Medicine

Download or read book Gaseous Carbon Waste Streams Utilization written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2019-02-22 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the quest to mitigate the buildup of greenhouse gases in Earth's atmosphere, researchers and policymakers have increasingly turned their attention to techniques for capturing greenhouse gases such as carbon dioxide and methane, either from the locations where they are emitted or directly from the atmosphere. Once captured, these gases can be stored or put to use. While both carbon storage and carbon utilization have costs, utilization offers the opportunity to recover some of the cost and even generate economic value. While current carbon utilization projects operate at a relatively small scale, some estimates suggest the market for waste carbon-derived products could grow to hundreds of billions of dollars within a few decades, utilizing several thousand teragrams of waste carbon gases per year. Gaseous Carbon Waste Streams Utilization: Status and Research Needs assesses research and development needs relevant to understanding and improving the commercial viability of waste carbon utilization technologies and defines a research agenda to address key challenges. The report is intended to help inform decision making surrounding the development and deployment of waste carbon utilization technologies under a variety of circumstances, whether motivated by a goal to improve processes for making carbon-based products, to generate revenue, or to achieve environmental goals.

The Greenhouse Gas Protocol

Author :
Publisher : World Business Pub.
ISBN 13 : 9781569735688
Total Pages : 0 pages
Book Rating : 4.7/5 (356 download)

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Book Synopsis The Greenhouse Gas Protocol by :

Download or read book The Greenhouse Gas Protocol written by and published by World Business Pub.. This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The GHG Protocol Corporate Accounting and Reporting Standard helps companies and other organizations to identify, calculate, and report GHG emissions. It is designed to set the standard for accurate, complete, consistent, relevant and transparent accounting and reporting of GHG emissions.

Regulatory Impact Analysis

Author : J. Alfredo Gomez
Publisher :
ISBN 13 : 9781457857164
Total Pages : 36 pages
Book Rating : 4.8/5 (571 download)

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Book Synopsis Regulatory Impact Analysis by : J. Alfredo Gomez

Download or read book Regulatory Impact Analysis written by J. Alfredo Gomez and published by . This book was released on 2014-09-25 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Executive Order 12866 directs federal agencies to assess the economic effects of their proposed significant regulatory actions, including a determination that a regulation's benefits justify the costs. In 2008, a federal appeals court directed the Dept. of Transportation (DOT) to update a regulatory impact analysis with an estimate of the social cost of carbon -- the dollar value of the net effects (damages and benefits) of an increase in emissions of carbon dioxide, a greenhouse gas. In 2009, the Interagency Working Group on Social Cost of Carbon was convened to develop estimates for use governmentwide, and it issued final estimates in its 2010 Technical Support Document. In 2013, the group issued revised estimates that were about 50% higher than the 2010 estimates. This report reviewed the working group's development of social cost of carbon estimates. It describes the participating entities and processes and methods they used to develop the 2010 and 2013 estimates. Tables. This is a print on demand report.

Regulatory Impact Analysis

Author : U.s. Government Accountability Office
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781973956013
Total Pages : 36 pages
Book Rating : 4.9/5 (56 download)

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Book Synopsis Regulatory Impact Analysis by : U.s. Government Accountability Office

Download or read book Regulatory Impact Analysis written by U.s. Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-07-26 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: " Executive Order 12866 directs federal agencies to assess the economic effects of their proposed significant regulatory actions, including a determination that a regulation's benefits justify the costs. In 2008, a federal appeals court directed DOT to update a regulatory impact analysis with an estimate of the social cost of carbon-the dollar value of the net effects (damages and benefits) of an increase in emissions of carbon dioxide, a greenhouse gas. In 2009, the Interagency Working Group on Social Cost of Carbon was convened to develop estimates for use governmentwide, and it issued final estimates in its 2010 Technical Support Document. In 2013, the group issued revised estimates that were about 50 percent higher than the 2010 estimates, which raised public interest. GAO was asked to review the working group's development of social cost of carbon estimates. This report describes the participating entities and processes and methods they used to develop the 2010 and 2013 estimates. GAO reviewed executive orders, OMB guidance, the Technical Support Document, its 2013 update, and other key documents. GAO interviewed officials who participated in the working group on behalf of the EOP offices and agencies involved. GAO did not evaluate the quality of the working group's approach.

Drawdown

Author : Paul Hawken
Publisher : Penguin
ISBN 13 : 1524704652
Total Pages : 258 pages
Book Rating : 4.5/5 (247 download)

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Book Synopsis Drawdown by : Paul Hawken

Download or read book Drawdown written by Paul Hawken and published by Penguin. This book was released on 2017-04-18 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: • New York Times bestseller • The 100 most substantive solutions to reverse global warming, based on meticulous research by leading scientists and policymakers around the world “At this point in time, the Drawdown book is exactly what is needed; a credible, conservative solution-by-solution narrative that we can do it. Reading it is an effective inoculation against the widespread perception of doom that humanity cannot and will not solve the climate crisis. Reported by-effects include increased determination and a sense of grounded hope.” —Per Espen Stoknes, Author, What We Think About When We Try Not To Think About Global Warming “There’s been no real way for ordinary people to get an understanding of what they can do and what impact it can have. There remains no single, comprehensive, reliable compendium of carbon-reduction solutions across sectors. At least until now. . . . The public is hungry for this kind of practical wisdom.” —David Roberts, Vox “This is the ideal environmental sciences textbook—only it is too interesting and inspiring to be called a textbook.” —Peter Kareiva, Director of the Institute of the Environment and Sustainability, UCLA In the face of widespread fear and apathy, an international coalition of researchers, professionals, and scientists have come together to offer a set of realistic and bold solutions to climate change. One hundred techniques and practices are described here—some are well known; some you may have never heard of. They range from clean energy to educating girls in lower-income countries to land use practices that pull carbon out of the air. The solutions exist, are economically viable, and communities throughout the world are currently enacting them with skill and determination. If deployed collectively on a global scale over the next thirty years, they represent a credible path forward, not just to slow the earth’s warming but to reach drawdown, that point in time when greenhouse gases in the atmosphere peak and begin to decline. These measures promise cascading benefits to human health, security, prosperity, and well-being—giving us every reason to see this planetary crisis as an opportunity to create a just and livable world.

Low Carbon Communities

Author : Michael Derek Peters
Publisher : Edward Elgar Publishing
ISBN 13 : 9781849807104
Total Pages : 304 pages
Book Rating : 4.8/5 (71 download)

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Book Synopsis Low Carbon Communities by : Michael Derek Peters

Download or read book Low Carbon Communities written by Michael Derek Peters and published by Edward Elgar Publishing. This book was released on 2010 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Community action is a vital strategy in the fight against climate change and has increasingly informed government policy, academic inquiry and grassroots action over the last decade. This timely and engaging volume explores both the promise of community-based action in tackling climate change and some of its limitations. On the one hand, community-based action offers a meaningful way to achieve global targets and an avenue for renewing social relations at the local level. On the other, it challenges fundamental aspects of social organization in the modern economy and sometimes comes into conflict with wider structures and constraints. This volume brings together theoretical and practical perspectives on community action to mobilize social change towards a sustainable, low carbon future. The opportunities and challenges are considered through a diverse range of models and case studies. Fresh conceptual insights are provided and new light is shed on the policy implications and practical ramifications of establishing effective community engagement in efforts to combat climate change locally.This book will prove a stimulating read for academic researchers in the fields of climate change science, local and national level policy analysis and governance research. Local authorities, development agencies and policymakers seeking to understand and to influence the behaviours and practices of 'energy consumers' and the communities in which they live will also find much to inspire them.

Advancing the Science of Climate Change

Author : National Research Council
Publisher : National Academies Press
ISBN 13 : 0309145880
Total Pages : 526 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Advancing the Science of Climate Change by : National Research Council

Download or read book Advancing the Science of Climate Change written by National Research Council and published by National Academies Press. This book was released on 2011-01-10 with total page 526 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change is occurring, is caused largely by human activities, and poses significant risks for-and in many cases is already affecting-a broad range of human and natural systems. The compelling case for these conclusions is provided in Advancing the Science of Climate Change, part of a congressionally requested suite of studies known as America's Climate Choices. While noting that there is always more to learn and that the scientific process is never closed, the book shows that hypotheses about climate change are supported by multiple lines of evidence and have stood firm in the face of serious debate and careful evaluation of alternative explanations. As decision makers respond to these risks, the nation's scientific enterprise can contribute through research that improves understanding of the causes and consequences of climate change and also is useful to decision makers at the local, regional, national, and international levels. The book identifies decisions being made in 12 sectors, ranging from agriculture to transportation, to identify decisions being made in response to climate change. Advancing the Science of Climate Change calls for a single federal entity or program to coordinate a national, multidisciplinary research effort aimed at improving both understanding and responses to climate change. Seven cross-cutting research themes are identified to support this scientific enterprise. In addition, leaders of federal climate research should redouble efforts to deploy a comprehensive climate observing system, improve climate models and other analytical tools, invest in human capital, and improve linkages between research and decisions by forming partnerships with action-oriented programs.

Can We Price Carbon?

Author : Barry G. Rabe
Publisher : MIT Press
ISBN 13 : 026253536X
Total Pages : 377 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis Can We Price Carbon? by : Barry G. Rabe

Download or read book Can We Price Carbon? written by Barry G. Rabe and published by MIT Press. This book was released on 2018-04-06 with total page 377 pages. Available in PDF, EPUB and Kindle. Book excerpt: A political science analysis of the feasibility and sustainability of carbon pricing, drawing from North American, European, and Asian case studies. Climate change, economists generally agree, is best addressed by putting a price on the carbon content of fossil fuels—by taxing carbon, by cap-and-trade systems, or other methods. But what about the politics of carbon pricing? Do political realities render carbon pricing impracticable? In this book, Barry Rabe offers the first major political science analysis of the feasibility and sustainability of carbon pricing, drawing upon a series of real-world attempts to price carbon over the last two decades in North America, Europe, and Asia. Rabe asks whether these policies have proven politically viable and, if adopted, whether they survive political shifts and managerial challenges over time. The entire policy life cycle is examined, from adoption through advanced implementation, on a range of pricing policies including not only carbon taxes and cap-and-trade but also such alternative methods as taxing fossil fuel extraction. These case studies, Rabe argues, show that despite the considerable political difficulties, carbon pricing can be both feasible and durable.

The Green Paradox

Author : Hans-Werner Sinn
Publisher : MIT Press
ISBN 13 : 0262300583
Total Pages : 287 pages
Book Rating : 4.2/5 (623 download)

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Book Synopsis The Green Paradox by : Hans-Werner Sinn

Download or read book The Green Paradox written by Hans-Werner Sinn and published by MIT Press. This book was released on 2012-02-03 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: A leading economist develops a supply-side approach to fighting climate change that encourages resource owners to leave more of their fossil carbon underground. The Earth is getting warmer. Yet, as Hans-Werner Sinn points out in this provocative book, the dominant policy approach—which aims to curb consumption of fossil energy—has been ineffective. Despite policy makers' efforts to promote alternative energy, impose emission controls on cars, and enforce tough energy-efficiency standards for buildings, the relentlessly rising curve of CO2 output does not show the slightest downward turn. Some proposed solutions are downright harmful: cultivating crops to make biofuels not only contributes to global warming but also uses resources that should be devoted to feeding the world's hungry. In The Green Paradox, Sinn proposes a new, more pragmatic approach based not on regulating the demand for fossil fuels but on controlling the supply. The owners of carbon resources, Sinn explains, are pre-empting future regulation by accelerating the production of fossil energy while they can. This is the “Green Paradox”: expected future reduction in carbon consumption has the effect of accelerating climate change. Sinn suggests a supply-side solution: inducing the owners of carbon resources to leave more of their wealth underground. He proposes the swift introduction of a “Super-Kyoto” system—gathering all consumer countries into a cartel by means of a worldwide, coordinated cap-and-trade system supported by the levying of source taxes on capital income—to spoil the resource owners' appetite for financial assets. Only if we can shift our focus from local demand to worldwide supply policies for reducing carbon emissions, Sinn argues, will we have a chance of staving off climate disaster.