The Economics and Politics of Climate Change
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The Economics and Politics of Climate Change

by Dieter Helm
     
 

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ISBN-10: 019957328X

ISBN-13: 9780199573288

Pub. Date: 02/01/2010

Publisher: Oxford University Press, USA

The international framework for a climate change agreement is up for review as the initial Kyoto period to 2012 comes to an end. Though there has been much enthusiasm from political and environmental groups, the underlying economics and politics remain highly controversial. This book takes a cool headed look at the critical roadblocks to agreement, examining the

Overview

The international framework for a climate change agreement is up for review as the initial Kyoto period to 2012 comes to an end. Though there has been much enthusiasm from political and environmental groups, the underlying economics and politics remain highly controversial. This book takes a cool headed look at the critical roadblocks to agreement, examining the economics of climate change, the incentives of the main players (the US, EU, China) and examines the policies governments can put in place to reduce greenhouse gas emissions, and ultimately shift our economies onto a low-carbon path.

The volume brings together leading climate change policy experts to set out the economic analysis and the nature of the negotiations at Copenhagen and beyond. In addition to reviewing the main issues discussed above, a number of the articles question the basis of much of the climate change consensus, and debate the Stern Report's main findings.

The book is in four parts. Following an overview of the main issues, the first part is a reassessment of the economics of climate change. This is fundamental to the rest of the volume, and it contains new material which goes well beyond what might be called the new conventional wisdom. The second part looks at the geography of the costs and benefits of climate change - the very different perspectives of Africa, China, the US and Europe. These chapters provide a building block to considering the prospects for a new global agreement - the very different interests that will have to be reconciled at Copenhagen and beyond. The third part looks at policy instruments at the global level (whereas much of the literature to date is nationally and regionally based). Trading and R&D feature in the chapters, but so too do more radical unilateral options, including geo-engineering. Part four turns to the institutional architecture - drawing on evidence from previous attempts in other areas, as well as proposals for new bodies.

Product Details

ISBN-13:
9780199573288
Publisher:
Oxford University Press, USA
Publication date:
02/01/2010
Pages:
538
Product dimensions:
6.40(w) x 9.20(h) x 1.60(d)

Table of Contents

List of Figures x

List of Tables xii

List of Boxes xiv

List of Contributors xv

1 Introduction Dieter Helm Cameron Hepburn 1

Part I Revisiting The Economics Of Climate Change

2 Climate-change Policy: Why has so Little been Achieved? Dieter Helm 9

3 The Global Deal on Climate Change Cameron Hepburn Nicholas Stern 36

4 Climate Treaties and the Imperative of Enforcement Scott Barrett 58

5 The Implications of Rapid Development for Emissions and Climate-change Mitigation Ross Garnaut Stephen Howes Frank Jotzo Peter Sheehan 81

6 The Behavioural Economics of Climate Change Kjell Arne Brekke Olof Johansson-Stenman 107

Part II The Global Players And Agreements

7 Climate Change and Africa Paul Collier Gordon Conway Tony Venables 125

8 China's Balance of Emissions Embodied in Trade: Approaches to Measurement and Allocating International Responsibility Jiahua Pan Jonathan Phillips Ying Chen 142

9 India and Climate-change Mitigation Vijay Joshi Urjit R. Patel 167

10 Addressing Climate Change with a Comprehensive US Cap-and-trade System Robert N. Stavins 197

11 EU Climate-change Policy-A Critique Dieter Helm 222

Part III Low-Carbon Technologies

12 Nuclear Power, Climate Change, and Energy Policy Dieter Helm 247

13 Carbon Dioxide Capture and Storage Howard Herzog 263

14 Climate-change Mitigation from Renewable Energy: Its Contribution and Cost Richard Green 284

15 The National Inventory Approach for International Forest-carbon Sequestration Management Krister P. Andersson Andrew J. Plantinga Kenneth R. Richards 302

16 On the Regulation of Geoengineering David G. Victor 325

17 Improving Energy Efficiency: Hidden Costs and UnintendedConsequences Steve Sorrell 340

Part IV National and International Instruments

18 Carbon Taxes, Emissions Trading, and Hybrid Schemes Cameron Hepburn 365

19 Docking into a Global Carbon Market: Clean Investment Budgets to Finance Low-carbon Economic Development Gernot Wagner Nathaniel Keohane Annie Petsonk James S. Wang 385

20 International Carbon Finance and the Clean Development Mechanism Cameron Hepburn 409

Part V Institutional Architecture

21 The Global Climate-change Regime: A Defence Joanna Depledge Farhana Yamin 433

22 Governing Climate Change: Lessons from other Governance Regimes Arunabha Ghosh Ngaire Woods 454

Bibliography 478

Index 521

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