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741. The Economics of Inaction on Climate Change: A Sensitivity Analysis

Author:
Frank Ackerman and Ian J. Finlayson
Publication Date:
10-2006
Content Type:
Working Paper
Institution:
Global Development and Environment Institute at Tufts University
Abstract:
Economic models of climate change often take the problem seriously, but paradoxically conclude that the optimal policy is to do almost nothing about it. We explore this paradox as seen in the widely used DICE model. Three aspects of that model, involving the discount rate, the assumed benefits of moderate warming, and the treatment of the latest climate science, are sufficient to explain the timidity of the model's optimal policy recommendation. With modifications to those three points, DICE shows that the optimal policy is a much higher and rapidly rising marginal carbon price; that higher carbon price has a greater effect on physical measures of climate impacts. Our modifications exhibit nonlinear interactions; at least at low discount rates, there is synergy between individual changes to the model. At low discount rates, the inherent uncertainty about future damages looms larger in the analysis, rendering long-run economic modeling less useful.
Topic:
Climate Change, Economics, and Environment

742. Can Climate Change Save Lives? A comment on "Economy-wide estimates of the implications of climate change: Human health"

Author:
Frank Ackerman and Elizabeth Stanton
Publication Date:
09-2006
Content Type:
Working Paper
Institution:
Global Development and Environment Institute at Tufts University
Abstract:
In a recent article in this journal, Francesco Bosello, Roberto Roson, and Richard Tol make the surprising prediction that the first stages of global warming will, on balance, save a large number of lives. Bosello et al. fail to substantiate this remarkable estimate, and they make multiple mistaken or misleading assumptions. They rely on research that identifies a simple empirical relationship between temperature and mortality, but ignores the countervailing effect of human adaptation to gradual changes in average temperature. While focusing on small changes in average temperatures, they ignore the important health impacts of extreme weather events such as heat waves, droughts, floods, and hurricanes. They extrapolate this pattern far beyond the level that is apparently supported by their principal sources, and introduce an arbitrary assumption that may bias the result toward finding benefits from warming.
Topic:
Climate Change, Economics, and Environment
Political Geography:
San Francisco

743. The Unbearable Lightness of Regulatory Costs

Author:
Frank Ackerman
Publication Date:
02-2006
Content Type:
Working Paper
Institution:
Global Development and Environment Institute at Tufts University
Abstract:
Will unbearable regulatory costs ruin the US economy? This specter haunts official Washington, just as fears of communism once did. Once again, the prevailing rhetoric suggests, an implacable enemy of free enterprise puts our prosperity at risk. Like anti-communism in its heyday, anti-command-and-control-ism serves to narrow debate, promoting the unregulated laissez-faire economy as the sole acceptable goal and standard for public policy. Fears of the purported costs of regulation have been used to justify a sweeping reorganization of regulatory practice, in which the Office of Management and Budget (OMB) is empowered to, and often enough does, reject regulations from other agencies on the basis of intricate, conjectural, economic calculations.
Topic:
Energy Policy, Environment, and Politics
Political Geography:
United States and North America

744. An International Architecture for the Post-Kyoto Era

Author:
Robert Stavins and Sheila Olmstead
Publication Date:
03-2006
Content Type:
Working Paper
Institution:
The John F. Kennedy School of Government at Harvard University
Abstract:
In February, 2005, the Kyoto Protocol to the United Nations Framework Convention on Climate Change came into force, but without participation by the United States. Its impacts on emissions of greenhouse gases — including carbon dioxide (CO) , the primary anthropogenic driver of climate change — will be trivial; but scientific (Robert T. Watson 2001) and economic analyses (Charles D. Kolstad and Michael A. Toman 2001) point to the need for a credible international approach.
Topic:
International Relations, Foreign Policy, Environment, and Politics
Political Geography:
United States

745. Putting Climate Change Adaptation in the Development Mainstream

Publication Date:
03-2006
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Climate change poses a serious challenge to social and economic development. Developing countries are particularly vulnerable because their economies are generally more dependent on climate-sensitive natural resources, and because they are less able to cope with the impacts of climate change.
Topic:
Development, Economics, Environment, and Human Welfare

746. Advancing Sustainable Development

Publication Date:
03-2006
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
What is sustainable development and why is it important? Most people support the idea of sustainable development, but without fully understanding what it is. Most would agree that it implies a better balance between economic, environmental and social goals, and greater fairness in distributing the gains from growth among people and countries. It also concerns preserving the environment and natural resources as a basis for progress. And it means making policy decisions which are in the interest of future generations.
Topic:
International Relations, Development, Economics, and Environment

747. Keeping Water Safe to Drink

Publication Date:
03-2006
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Access to water that is safe to drink is vital to human health and to development. Recognising this, world leaders have set themselves the goal of halving by 2015 the proportion of people without sustainable access to safe drinking water and basic sanitation. This is one of the Millennium Development Goals (MDG) to reduce world poverty set out in the United Nations Millennium Declaration in the year 2000, and reaffirmed at the 2002 World Summit on Sustainable Development.
Topic:
Development, Environment, and Health

748. Improving Water Management: Recent OECD Experience

Publication Date:
03-2006
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Securing safe and reliable water and sanitation services for all is one of the leading challenges facing sustainable development. All but a few OECD countries have connected 100% of their populations to safe water supplies, and the majority are connected to wastewater treatment. Progress has also been made in developing countries, where between 1990 and 2000 access to safe water supply rose from 73% to almost 80% of the population. But there is still a long way to go. Over 1 billion people worldwide still lack access to safe water and 2.6 billion people are without access to adequate sanitation. About 80% of all diseases in developing countries are water-related, leading to an estimated 1.7 million deaths each year.
Topic:
Development, Environment, Health, and Third World

749. Making Sure Fish Piracy Doesn't Pay

Publication Date:
01-2006
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Fish piracy, or illegal fishing activity, depletes global fish stocks and undermines efforts to ensure continued, renewable stocks for the future. It also damages the economic and social welfare of those involved in legal fishing, and reduces incentives to play by the rules. But despite national and international efforts, illegal, unreported and unregulated (IUU) fishing continues to thrive worldwide.
Topic:
Economics, Environment, Human Welfare, and International Law

750. The Fate of the Earth in the Balance - The Metaphysics of Climate Change

Author:
Steven F. Hayward
Publication Date:
10-2006
Content Type:
Policy Brief
Institution:
American Enterprise Institute for Public Policy Research
Abstract:
A close reading of Al Gore's views on the linkages between environmental issues and broader social and philosophical currents reveals their problematic political and policy implications. Gore derives our environmental problems from deeper metaphysical and psychosocial currents, a path that will foreclose a number of productive policy approaches to the problem of climate change.
Topic:
Civil Society, Development, Environment, and Politics