The Oxford Handbook of the Macroeconomics of Global Warming

Hardcover | December 10, 2014

EditorLucas Bernard, Willi Semmler

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The first World Climate Conference, which was sponsored by the World Meteorological Organization in Geneve in 1979, triggered an international dialogue on global warming. From the 1997 United Nations-sponsored conference - during which the Kyoto Protocol was signed - through meetings inCopenhagen, Cancun, Durban, and most recently Doha (2012) and Warsaw (2013), worldwide attention to the issue of global warming and its impact on the world's economy has rapidly increased in intensity. The consensus of these debates and discussions, however, is less than clear. Optimistically, many geoscience researchers and members of the Intergovernmental Panel on Climate Change (IPCC) have supported CO2 emission reduction pledges while maintaining that a 2DGC limit in increased temperature bythe year 2100 is achievable through international coordination. Other observers postulate that established CO2 reduction commitments such as those agreed to at the Copenhagen United Nations Climate Change Conference (2009) are insufficient and cannot hold the global warming increase below 2DGC. Asexperts theorize on precisely what effects global warming will have, developing countries have become particularly alarmed. The developed world will use energy to mitigate global warming effects, but developing countries are more exposed by geography and poverty to the most dangerous consequences ofa global temperature rise and lack the economic means to adapt. The complex dynamics that result from this confluence of science and geopolitics gives rise to even more complicated issues for economists, businesses, and policy-makers.The Oxford Handbook of the Macroeconomics of Global Warming analyzes the economic impact of issues related to and resulting from global warming, specifically the implications of possible preventative measures, various policy changes, and adaptation efforts as well as the different consequencesclimate change will have on both developing and developed nations. This multi-disciplinary approach will elucidate for readers state-of-the-art research on the complex and far-reaching issue of global warming.

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The first World Climate Conference, which was sponsored by the World Meteorological Organization in Geneve in 1979, triggered an international dialogue on global warming. From the 1997 United Nations-sponsored conference - during which the Kyoto Protocol was signed - through meetings inCopenhagen, Cancun, Durban, and most recently Doha...

Lucas Bernard is a Professor of Business at The New York College of Technology, The City University of New York. Willi Semmler is the Henry Arnhold Professor of Economics at The New School for Social Research.

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Format:HardcoverDimensions:704 pages, 9.75 × 6.75 × 0.98 inPublished:December 10, 2014Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199856974

ISBN - 13:9780199856978

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Table of Contents

List of Contributors1. Lucas Bernard and Willi Semmler: The Macroeconomics of Global WarmingPART I: GROWTH AND CLIMATE CHANGE2. Klaus Keller and Robert Nicholas: Improving Climate Projections to Better Inform Climate Risk Management3. William Brock, Gustav Engstrm, and Anastasios Xepapadeas: Energy Balance Climate Models, Damage Reservoirs and the Time Profile of Climate Change Policy4. Florian Wagener: Economics of Environmental Regime Shifts5. Helmut Maurer, Johann Jakob Preua, and Willi Semmler: Policy Scenarios in a Model of Optimal Economics Growth and Climate Change6. Thierry Brechet, Carmen Camacho, and Vladimir M. Veliov: Adaptive Model-Predictive Climate Policies in a Multi-Country SettingPART II: MITIGATION POLICY MODELING7. Jacob Engwerda: Prospects of Tools from Differential Games in the Study of Macroeconomics of Climate Change8. Alain Haurie, Frederic Babonneau, Neil Edwards, Phil Holden, Amit Kanudia, Maryse Labriet, Barbara Pizzileo, and Marc Vielle: Fairness in Climate Negotiations: A Meta-Game Analysis Based on Community Integrated Assessment9. Alfred Greiner: Climate Change and Second-Best Abatement in a Multi-Region World with Endogenous Growth10. Francisco Cabo, Guiomar Martin-Herron, and Maria Pilar Martinez-Garcia: Global Warming and RandD-Based Growth in a Trade Model between Environmentally Sensitive and Environmentally Neglectful Countries11. Jeffrey D. Sachs: Climate Change and Inter-Generational Wellbeing12. Ottmar Edenhofer, Christian Flachsland, Michael Jakob, and Kai Lessmann: The Atmosphere as a Global Commons: Challenges for International Cooperation and Governance13. Richard S. J. Tol: The Social Cost of CarbonPART III: TECHNOLOGY AND ENERGY POLICIES14. David Popp: Climate-Friendly Technological Change for Developing Countries15. Franz Wirl and Yuri Yegorov: Renewable Energy: Models, Implications, and Prospects16. Angelo Antoci, Simone Borghesi, and Mauro Sodini: Emission Trading Systems and Technological Innovation: A Random Matching Model17. Kozo Mayumi and John M. Polimeni: The Reality of Nuclear Power: The Fukushima Experience and Its ImpactPART IV: ECONOMIC EFFECTS OF MITIGATION AND ADAPTATION18. Wolfgang Karl Herdle, Brenda Lopez Cabrera, Matthias Ritter: Forecast Based Pricing of Weather Derivatives19. Mika Kato, Stefan Mittnik, Daniel Samaan, and Willi Semmler: Employment and Output Effects of Climate Policies20. Christian Lutz and Ulrike Lehr: Macroeconomic Effects of Renewable Energy and Energy Efficiency Policies with a Focus on GermanyPART V: INTERNATIONAL PERSPECTIVES21. Askar Akaev: The Stabilization of Earth's Climate in the 21st Century by the Stabilization of Per Capita Consumption22. Zhong Maochu and Shi Yadong: Does Kyoto Protocol Intensify Carbon Leakage to China?23. Lopamudra Banerjee: Climate Thresholds, Weather Extremes, and Catastrophic Losses24. Frank Ackerman, Elizabeth A. Stanton: Climate Impacts on Agriculture: A Challenge to Complacency?PART VI: DIRECTIONS IN MITIGATION POLICY DESIGN25. Raphaele Chappe: The Legal Framework of Global Environment Governance on Climate Change: A Critical Survey26. James E. Hansen: Environment and Development Challenges: The Imperative of a Carbon Fee and Dividend27. Graciela Chichilnisky: The Need for Sustainable Development and a Carbon Market: Avoiding Extinction