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The Value Of Carbon In Decision Making
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Book Synopsis The Value of Carbon in Decision-making by :
Download or read book The Value of Carbon in Decision-making written by and published by . This book was released on 2011 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climatic changes are likely to generate substantial economic, social and other costs. In the absence of a carbon pricing framework that translates monetary value to one tonne of CO2, either through a tax or through the market price set by an emission trading system, policy and corporate leaders must create their own carbon cost estimate to use in decision-making. The Social Cost of Carbon (SCC) attempts to put a price on damages arising from climate change, demonstrating what society or a company should be willing to pay now to reduce carbon emissions. The Marginal Abatement Cost (MAC) represents the cost of abating the next unit of emissions for a given target level, and informs decisions about emission targets, as well as the design and cost of the policy to reduce emissions. The SCC and the MAC should be used by policy-makers seeking to implement the most economically efficient climate change mitigation and adaptation strategies. However, given the inherent uncertainty related to climate change impacts, the actual value is imperfectly known, so sensitivity analysis is required.
Book Synopsis The value of carbon in decision-making by :
Download or read book The value of carbon in decision-making written by and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climatic changes are likely to generate substantial economic, social and other costs. In the absence of a carbon pricing framework that translates monetary value to one tonne of CO2, either through a tax or through the market price set by an emission trading system, policy and corporate leaders must create their own carbon cost estimate to use in decision-making. The Social Cost of Carbon (SCC) attempts to put a price on damages arising from climate change, demonstrating what society or a company should be willing to pay now to reduce carbon emissions. The Marginal Abatement Cost (MAC) represents the cost of abating the next unit of emissions for a given target level, and informs decisions about emission targets, as well as the design and cost of the policy to reduce emissions. The SCC and the MAC should be used by policy-makers seeking to implement the most economically efficient climate change mitigation and adaptation strategies. However, given the inherent uncertainty related to climate change impacts, the actual value is imperfectly known, so sensitivity analysis is required.
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)
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.
Book Synopsis The Benefits of Climate Change Policies Analytical and Framework Issues by : OECD
Download or read book The Benefits of Climate Change Policies Analytical and Framework Issues written by OECD and published by OECD Publishing. This book was released on 2004-10-21 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Benefits of Climate Change Policies provides an overview of the state-of-the-art in assessment of the global benefits of climate change policies.
Book Synopsis Carbon Pricing Assessment and Decision-Making by : Partnership for market readiness
Download or read book Carbon Pricing Assessment and Decision-Making written by Partnership for market readiness and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Many countries and subnational jurisdictions are considering putting a price on carbon to help reduce greenhouse gas (GHG) emissions and achieve their climate commitments. There are currently 64 carbon pricing instruments (CPIs) in place or in the process of implementation, with 10 launched in 2019 alone. Before a jurisdiction implements a CPI, it will often examine the role a CPI will play and the rationale for adopting it. The objective of this guide is to help policymakers build the case for carbon pricing and choose an appropriate CPI. Chapter one sets out the rationale for putting an explicit price on carbon and examines the two main options for implementation: emissions trading system (ETSs) and carbon taxes. Chapter two outlines the local conditions that policymakers need to consider. Chapter three outlines how to assess the potential impacts of carbon pricing on key stakeholders. Chapter four describes how the work done in the previous sections can be used to make an informed recommendation for carbon pricing implementation, and how the recommendation can then be communicated effectively.
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 235 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.
Book Synopsis Global Carbon Pricing by : Peter Cramton
Download or read book Global Carbon Pricing written by Peter Cramton and published by MIT Press. This book was released on 2017-06-16 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why the traditional “pledge and review” climate agreements have failed, and how carbon pricing, based on trust and reciprocity, could succeed. After twenty-five years of failure, climate negotiations continue to use a “pledge and review” approach: countries pledge (almost anything), subject to (unenforced) review. This approach ignores everything we know about human cooperation. In this book, leading economists describe an alternate model for climate agreements, drawing on the work of the late Nobel laureate Elinor Ostrom and others. They show that a “common commitment” scheme is more effective than an “individual commitment” scheme; the latter depends on altruism while the former involves reciprocity (“we will if you will”). The contributors propose that global carbon pricing is the best candidate for a reciprocal common commitment in climate negotiations. Each country would commit to placing charges on carbon emissions sufficient to match an agreed global price formula. The contributors show that carbon pricing would facilitate negotiations and enforcement, improve efficiency and flexibility, and make other climate policies more effective. Additionally, they analyze the failings of the 2015 Paris climate conference. Contributors Richard N. Cooper, Peter Cramton, Ottmar Edenhofer, Christian Gollier, Éloi Laurent, David JC MacKay, William Nordhaus, Axel Ockenfels, Joseph E. Stiglitz, Steven Stoft, Jean Tirole, Martin L. Weitzman
Book Synopsis The Citizen's Guide to Climate Success by : Mark Jaccard
Download or read book The Citizen's Guide to Climate Success written by Mark Jaccard and published by Cambridge University Press. This book was released on 2020-02-06 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: Shows readers how we can all help solve the climate crisis by focusing on a few key, achievable actions.
Book Synopsis The Economics of Welfare by : Arthur Cecil Pigou
Download or read book The Economics of Welfare written by Arthur Cecil Pigou and published by Transaction Publishers. This book was released on 2000 with total page 948 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Governing the Climate-Energy Nexus by : Fariborz Zelli
Download or read book Governing the Climate-Energy Nexus written by Fariborz Zelli and published by Cambridge University Press. This book was released on 2020-07-16 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analysing the interactions between institutions in the climate change and energy nexus, including the consequences for their legitimacy and effectiveness. Prominent researchers from political science and international relations compare three policy domains: renewable energy, fossil fuel subsidy reform, and carbon pricing. This title is also available as Open Access on Cambridge Core.
Book Synopsis Decision Making for the Net Zero Transformation: Considerations and New Methodological Approaches by : Mark Workman
Download or read book Decision Making for the Net Zero Transformation: Considerations and New Methodological Approaches written by Mark Workman and published by Frontiers Media SA. This book was released on 2024-02-01 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Special edition compiled in partnership with Frontiers sponsored by the Clean Air Task Force. The realisation of Net Zero by 2050 will require the ability for strategy developers, operational planners and decision makers to better manage uncertainty, complexity and emergence. The application of the orthodox set of decision support tools and processes that have been used to explore deep decarbonisation options to 2050 have blinded decision makers to uncertainty, complexity and emergence. Tools have often been used which are inappropriate to the types of decisions being made – a competency which has been glaringly revealed during the C-19 Pandemic. This Frontiers Research Topic will highlight the need for an interdisciplinary, mixed methods approach bringing together insights from modelling, decision science, psychology, anthropology, and sociology to form a compendium of current best practice for decision making for the net zero transformation and new research frontiers. Develop greater awareness amongst policymakers, practitioners and academics as to the importance of: • Understanding the nature of uncertainty when dealing with problems associated with the Net Zero Energy System Transformation; • Increasing importance of deliberative processes to map different value sets beyond least cost; • Acknowledging that decision making under uncertainty requires competency-based training leading to a full appreciation of the tasks at hand. Suggested areas within scope are listed in points 1-12 below. Authors are free to choose specific areas of interest, and to combine these where useful. In general, it will be useful to consider practical application of [ideas], e.g • development of `Use Cases’ and `Decision Making Contexts’ may be useful, e.g. National Govt establishing its Carbon Budget; Institution setting up its investment portfolio. • understanding of how decisions are being made within different jurisdictions, political cultures, and types of organizations (public/private). What is the role of `Decision Context' i.e. organisational decision-making structures, cultures, the role of zeitgeist and dominant narratives, or the relation between academic expertise and policy-makers. 1. Decision making from an end-to-end perspective and the need to take a holistic and interdisciplinary perspective [Editorial Cover Article]. 2. Gap between what policy makers and decision makers around net zero climate policy seek to address and what decision support tools can actually do. Why that gap is increasing (if it is)? 3. Understanding the nature of uncertainty when applying the relevant decision support tool and processes. Not all uncertainty can be addressed within the decision support tool itself. Role of optimism bias; potential role of least worst regret approaches etc 4. What different decision support tools can inform decision makers around net zero climate policy and need for a basket of tools. 5. Why parametric decision support tools and models are pre-eminent - the role of consolidative modelling and exploratory modelling. The inertia of modelling approaches: why it is so hard to break modelling paradigms? 6. What decision science informs us about how decisions are actually made - the importance of process, the role of transparency and deliberation with analysis. 7. Processes that address the biases identified in decision science and impact of identity politics on deliberative decision making. 8. Why decision making under deep uncertainty requires competency-based training, deep subject matter expertise and systemic knowledge. 9. Ministerial and policy making and the decision support requirements: US, EU, UK & China 10. The role of narratives and how uncertainty can be communicated to societal audiences. Storylines and other narrative approaches 11. How to develop participatory approaches allow multiple values, diversity of stakeholders in which climate communication and decision making exists in an iterative exchange with policy. We have started the journey e.g. the role of climate assemblies… what next? 12. Decision making under deep (climate) uncertainty by the financial sector We acknowledge the funding of the manuscripts published in this Research Topic by the Clean Air Task Force. We hereby state publicly that the Clean Air Task Force has had no editorial input in articles included in this Research Topic, thus ensuring that all aspects of this Research Topic are evaluated objectively, unbiased by any specific policy or opinion of the Clean Air Task Force.
Download or read book Emissions Trading written by Ralf Antes and published by Springer Science & Business Media. This book was released on 2011-08-12 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Emissions trading challenges the management of companies in an entirely new manner: Not only does it, like other market-based environmental policy instruments, allow for a bigger flexibility in management decisions concerning emission issues. More importantly, it shifts the mode of governance of environmental policy from hierarchy to market. But how is this change reflected in management processes, decisions and organizational structures? The contributions in this book discuss the theoretical implications of different institutional designs of emissions trading schemes, review schemes that have been implemented in the US and Europe, and evaluate the range of investment decisions and corporate strategies which have resulted from the new policy framework.
Book Synopsis Carbon Pricing in Japan by : Toshi H. Arimura
Download or read book Carbon Pricing in Japan written by Toshi H. Arimura and published by Springer Nature. This book was released on 2020-09-17 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book evaluates, from an economic perspective, various measures introduced in Japan to prevent climate change. Although various countries have implemented such policies in response to the pressing issue of climate change, the effectiveness of those programs has not been sufficiently compared. In particular, policy evaluations in the Asian region are far behind those in North America and Europe due to data limitations and political reasons. The first part of the book summarizes measures in different sectors in Japan to prevent climate change, such as emissions trading and carbon tax, and assesses their impact. The second part shows how those policies have changed the behavior of firms and households. In addition, it presents macro-economic simulations that consider the potential of renewable energy. Lastly, based on these comprehensive assessments, it compares the effectiveness of measures to prevent climate change in Japan and Western countries. Providing valuable insights, this book will appeal to both academic researchers and policymakers seeking cost-effective measures against climate change.
Book Synopsis Understanding Risks and Uncertainties in Energy and Climate Policy by : Haris Doukas
Download or read book Understanding Risks and Uncertainties in Energy and Climate Policy written by Haris Doukas and published by Springer. This book was released on 2018-12-10 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book analyzes and seeks to consolidate the use of robust quantitative tools and qualitative methods for the design and assessment of energy and climate policies. In particular, it examines energy and climate policy performance and associated risks, as well as public acceptance and portfolio analysis in climate policy, and presents methods for evaluating the costs and benefits of flexible policy implementation as well as new framings for business and market actors. In turn, it discusses the development of alternative policy pathways and the identification of optimal switching points, drawing on concrete examples to do so. Lastly, it discusses climate change mitigation policies’ implications for the agricultural, food, building, transportation, service and manufacturing sectors.
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.
Book Synopsis The Poverty and Distributional Impacts of Carbon Pricing: Channels and Policy Implications by : Baoping Shang
Download or read book The Poverty and Distributional Impacts of Carbon Pricing: Channels and Policy Implications written by Baoping Shang and published by International Monetary Fund. This book was released on 2021-06-25 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Addressing the poverty and distributional impacts of carbon pricing reforms is critical for the success of ambitious actions in the fight against climate change. This paper uses a simple framework to systematically review the channels through which carbon pricing can potentially affect poverty and inequality. It finds that the channels differ in important ways along several dimensions. The paper also identifies several key gaps in the current literature and discusses some considerations on how policy designs could take into account the attributes of the channels in mitigating the impacts of carbon pricing reforms on households.
Book Synopsis Managing Agricultural Greenhouse Gases by : Mark Liebig
Download or read book Managing Agricultural Greenhouse Gases written by Mark Liebig and published by Academic Press. This book was released on 2012-10-16 with total page 602 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global climate change is a natural process that currently appears to be strongly influenced by human activities, which increase atmospheric concentrations of greenhouse gases (GHG). Agriculture contributes about 20% of the world’s global radiation forcing from carbon dioxide, methane and nitrous oxide, and produces 50% of the methane and 70% of the nitrous oxide of the human-induced emission. Managing Agricultural Greenhouse Gases synthesizes the wealth of information generated from the GRACEnet (Greenhouse gas Reduction through Agricultural Carbon Enhancement network) effort with contributors from a variety of backgrounds, and reports findings with important international applications. Frames responses to challenges associated with climate change within the geographical domain of the U.S., while providing a useful model for researchers in the many parts of the world that possess similar ecoregions Covers not only soil C dynamics but also nitrous oxide and methane flux, filling a void in the existing literature Educates scientists and technical service providers conducting greenhouse gas research, industry, and regulators in their agricultural research by addressing the issues of GHG emissions and ways to reduce these emissions Synthesizes the data from top experts in the world into clear recommendations and expectations for improvements in the agricultural management of global warming potential as an aggregate of GHG emissions
