Buying Greenhouse Insurance: The Economic Costs of CO2 Emission Limits

摘要: In recent years a growing concern that the increasing accumulation of greenhouse gases will lead to undesirable changes in global climate has resulted number proposals, both United States and internationally, set physical targets for reducing gas emissions. But what these proposals cost? Based on authors' earlier ground-breaking work, Buying Greenhouse Insurance outlines way think about greenhouse-effect decisions under uncertainty. It describes an insightful model determining economic costs limiting carbon dioxide emissions produced by burning fossil fuels provides solid analytical base rethinking public policy farreaching issue warming. Manne Richels present region-by-region estimates would underlie international agreement. Using computer known as Global 2100, they analyze impacts C02 alternative supply conservation scenarios. The results clearly indicate reduction is not sole response potential change. Following summary effect, its likely causes, possible consequences, take up issues at large. They provide overview look how U.S. energy sector evolve business-as-usual conditions constraints, describe concept "greenhouse insurance." consider agreements, including estimate benefits might result from trading market emission rights. conclude with technical description directed toward modeling specialists.