COSTS OF GREENHOUSE GAS EMISSIONS ABATEMENT UNDER THE CLEAN DEVELOPMENT MECHANISM

The Costs of Reducing Greenhouse-Gas Emissions

Human activities around the world are producing increasingly large quantities of greenhouse gases, particularly carbon dioxide (CO2) resulting from the consumption of fossil fuels and deforestation. Most experts expect that the accumulation of such gases in the atmosphere will result in a variety of environmental changes over time, including a gradual warming of the global climate, extensive ch...

The Greenhouse Effect: Damages, Costs and Abatement

The buildup of so-called "greenhouse gases" in the atmosphere C O 2 in particular -appears to be having an adverse impact on the global climate. This paper briefly reviews current expectations with regard to physical and biological effects, their potential costs to society, and likely costs of abatement. For a "worst case" scenario it is impossible to assess, in economic terms, the full range o...

Progress in Estimating the Marginal Costs of Greenhouse Gas Emissions

The unjust distributional consequences of climate change, and its potentially negative aggregate effect on economic growth and welfare are two reasons to be concerned about climate change. Our knowledge of the impact of climate change is incomplete. Monetary valuation is difficult and controversial. The effect of other developments on the impacts of climate change is largely speculative. Noneth...

Uncertainty in Greenhouse Gas Emissions and Costs of Atmospheric Stabilization

We explore the uncertainty in projections of emissions, and costs of atmospheric stabilization applying the MIT Emissions Prediction and Policy Analysis (EPPA) model, a computable general equilibrium model of the global economy. Monte Carlo simulation with Latin Hypercube Sampling is applied to draw 400 samples from probability distributions for 100 parameters in the EPPA model, including labor...

Costs and Benefits of Reducing Greenhouse Gas Emissions