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Cover Art
PRINTED BOOKS
Author Cline, William R.

Title The economics of global warming / William R. Cline.

Published Washington, DC : Institute for International Economics, 1992.

Copies

Location Call No. Status
 UniM Bail  363.7387 CLIN    AVAILABLE
Physical description xi, 399 pages : illustrations ; 23 cm
Notes "June 1992."
Bibliography Includes bibliographical references (pages 381-392) and index.
Contents Scientific Framework and Very-Long-Term Warming 4 -- Economic Damage 5 -- Abatement Costs 6 -- Time Discounting 7 -- Benefit-Cost Synthesis 8 -- Policy Implications 9 -- 1 Scientific Basis for the Greenhouse Effect 11 -- Science and the Emergence of the Policy Issue 13 -- Greenhouse Effect 15 -- Carbon Cycle 16 -- Other Trace Gases 17 -- General Circulation Models 19 -- Radiative Forcing and Global Warming 20 -- Feedback Estimates 22 -- Aerosols and Masking by Urban Pollution 25 -- Empirical Evidence 26 -- Ecological and Economic Impact 30 -- Critiques and Response 32 -- Very-Long-Term Warming 33 -- Catastrophe Scenarios 34 -- Unavoidable Warming 35 -- Geoengineering 36 -- Scientific Research Agenda 38 -- 2 Global Warming in the Very Long Term 41 -- Fossil Fuel Supply 45 -- Establishing the Appropriate Time Horizon 46 -- Carbon Emissions and Atmospheric Concentration 50 -- Very-Long-Term Warming 54 -- Influence of CFCs 59 -- Illustrative Regional Extent of Very-Long-Term Warming 61 -- Nonlinear Impact 72 -- Avoiding Long-Term Warming 73 -- Pace of Warming and the Price of Delaying Action 75 -- Caveat Lector 76 -- 3 Economic Benefits of Limiting Global Warming 79 -- Analytical Framework 82 -- Inherent Damage Limits? 86 -- Agriculture 87 -- Forests 101 -- Species Loss 104 -- Sea-Level Rise 107 -- Space Cooling and Heating 112 -- Human Amenity 115 -- Life and Morbidity 116 -- Migration 119 -- Hurricane Damage 120 -- Construction Sector 122 -- Leisure Activities 122 -- Water Supply 123 -- Urban Infrastructure 127 -- Pollution 128 -- Annex 3A Welfare Effects of Agricultural Yield Reductions Resulting from Global Warming 134 -- 4 Economic Models of Carbon Reduction Costs: An Analytical Survey 139 -- Analytical Framework 141 -- Principal Models 152 -- Synthesis of Findings 185 -- Annex 4A Nonlinearity of the Carbon Tax Curve 192 -- 5 Carbon Abatement Costs: Engineering Estimates and Forestry Options 195 -- Attainable Efficiency Gains and Carbon Reductions: Illustrations 199 -- An Overview of Potential Carbon Reductions 203 -- Implementation: Obstacles and Instruments 214 -- Forestry Measures 216 -- A Synthesis of Abatement Costs 227 -- 6 Time Discounting for Global Warming Analysis 233 -- Investment Versus Consumption Sourcing 236 -- Issue- and Policy-Specific Discount Rates 238 -- Intergenerational Comparison 238 -- Environmental Complication 240 -- Preferred Method 243 -- Shadow Pricing Capital Effects 245 -- Estimating the Social Rate of Time Preference 247 -- Relationship to Discounted Utility Maximization 255 -- Reality Check: An Intuitive Approach 256 -- Observed Market Rates 257 -- A Declining Social Rate of Time Preference? 262 -- Policy Differences Among Government Entities 263 -- Investment Fund Alternative 265 -- Annex 6A Shadow Pricing Capital in Benefit-Cost Analysis: A Note on Bradford Versus Lind 270 -- 7 Benefit-Cost Synthesis 275 -- Benefit-Cost Model 278 -- Variable Baselines and Parameter Values 284 -- Adaptation 295 -- Benefit-Cost Results 296 -- Policy Choice Under Uncertainty with Risk Aversion 297 -- Sensitivity Analysis 301 -- Catastrophe Analysis 303 -- A Malthusian Scenario 305 -- Comparison With the Nordhaus Results 307 -- Insurance and the Value of Information 309 -- Annex 7A Nordhaus Optimal Emissions Models 312 -- Annex 7B Manne-Richels Model of Greenhouse Insurance 318 -- 8 Toward an International Policy Strategy 321 -- Overarching Issues 324 -- Achieving Cooperation 325 -- Efficient and Equitable Mechanisms to Limit Emissions 346 -- Global Development Context 357 -- State of Play 361 -- A Blueprint for Action 367 -- Other Greenhouse Gases 375 -- 2.1 Global warming in the very long term 52 -- 2.2 Increases in July average daily maximum temperature from very-long-term global warming for 66 US cities 68 -- 2.3 Increase in mean daily summer maximum temperature from very-long-term global warming in 60 cities worldwide 70 -- 2.4 Commitment to global warming under alternative scenarios 74 -- 3.1 Estimates of agricultural yield changes from global warming, various countries 98 -- 3.2 Rough estimate of the impact of carbon-dioxide-equivalent doubling on agriculture, selected countries 99 -- 3.3 Costs associated with a one-meter rise in sea level, selected countries and territories 111 -- 3.4 Estimates of annual damage from global warming to the US economy at 1990 scale 131 -- 4.1 Nordhaus cost function for greenhouse gas reduction 168 -- 4.2 Alternative cost estimates for reductions in carbon emissions, 1990-2100 186 -- 4.3 Stylized parameters for carbon reduction costs 190 -- 5.1 Energy consumption in the United States, by type, 1988 200 -- 5.2 Alternative estimates of the scope for energy savings and carbon reduction in the United States 204 -- 5.3 Alternative estimates of US emissions reductions resulting from National Academy of Sciences moderate-cost measures 209 -- 5.4 Afforestation costs in the United States 222 -- 5.5 Alternative estimates of global costs of carbon reductions, 2025-2100 229 -- 5.6 Forestry options: carbon reduction and global costs, 1990-2100 230 -- 6.1 Impact of time discounting over 200 years 236 -- 6.2 Weighted consumer discount rate: premium above Treasury bill 260 -- 7.1 Central features of the benefit-cost analysis 279 -- 7.2 Variables and parameter values 290 -- 7.3 Results of benefit-cost analyses of abatement of greenhouse warming, principal cases 298 -- 7.4 Sensitivity analysis of benefits and costs of abatement of greenhouse warming 302 -- 7A.1 Nordhaus model equations 313 -- 8.1 Top 50 carbon-emitting countries 330 -- 8.2 Mean temperature increase under carbon-dioxide-equivalent doubling, various countries and regions 333 -- 8.3 Future carbon emissions, excluding deforestation, by region 337 -- 8.4 Country policy positions on greenhouse warming as of mid-1991 362 -- 1.1 Temperature variations in the northern hemisphere, 1880-1990 29 -- 2.1 Carbon dioxide production under alternative fossil fuel consumption scenarios 47 -- 2.2 Atmospheric carbon dioxide concentrations under alternative fossil fuel consumption scenarios 48 -- 2.3 Carbon dioxide concentration and radiative forcing in the very long term 59 -- 2.4 Radiative forcing from all greenhouse gases and commitment to equilibrium global mean temperature rise in the very long term 60 -- 2.5 Equilibrium warming for carbon-dioxide-equivalent doubling, Western Hemisphere: June-August 63 -- 2.6 Equilibrium warming for carbon-dioxide-equivalent doubling, Eastern Hemisphere: June-August 64 -- 2.7 Equilibrium warming for carbon-dioxide-equivalent doubling, Western Hemisphere: December-February 65 -- 2.8 Equilibrium warming for carbon-dioxide-equivalent doubling, Eastern Hemisphere: December-February 66 -- 3A.1 Welfare effects of lower agricultural yields under constant costs 135 -- 3A.2 Welfare effects of lower agricultural yields with diminishing returns 137 -- 4.1 Carbon taxes, revenues, and economic cost 148 -- 4.2 Alternative estimates of the output costs of reducing carbon emissions 184 -- 4A.1 Marginal product of carbon 193 -- 5.1 Hypothetical carbon reduction cost curves 198 -- 5.2 Engineering-based estimates of carbon reduction costs 212 -- 5.3 Economics of afforestation for carbon sequestration 218 -- 6.1 Trade-off between environmental and other goods and services 242 -- 7.1 Costs and benefits of aggressive abatement of greenhouse warming, 1990-2270 280 -- 8.1 Prisoners' dilemma: payoff matrix 326 -- 8.2 Benefits and costs of abatement of greenhouse warming with and without free riding 327 -- 8.3 Fossil fuel elasticities and the carbon tax 349.
Subject Air -- Pollution -- Economic aspects.
Global warming.
Greenhouse effect, Atmospheric.
ISBN 0881321508 (cloth)
088132132X (paperback)