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The Economics of Climate Change Policy

International, National and Regional Mitigation Strategies Adam Rose, University of Southern California, US
This important collection contains the author’s pioneering and ongoing efforts to quantify equity principles to evaluate burden-sharing across countries and regions. It also examines policy impacts across industries and socioeconomic groups stemming from cap and trade, carbon taxes, fuel taxes, and strict regulation. It provides a basic understanding of the carbon cycle and drivers of GHG emissions, as well as a guide for developing mitigation action plans. The volume represents a valuable compendium of papers that are not otherwise readily accessible.
Extent: 640 pp
Hardback Price: $260.00 Web: $234.00
Publication Date: 2009
ISBN: 978 1 84844 081 4
Availability: In Stock
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  • Economics and Finance
  • Environmental Economics
  • Environment
  • Climate Change
  • Environmental Economics
This important collection embodies the author’s pioneering and on-going efforts to incorporate equity and efficiency principles into the economics of climate change policy. It represents a valuable compendium of work, both previously published and original, the range of which is not otherwise readily accessible.

Adam Rose was one of the first both to identify the central role of equity among nations and regions in addressing greenhouse gas (GHG) mitigation and to quantify many equity principles so that they could be incorporated into formal models. Comprising classic explorations into GHG emission trading design with respect to burden-sharing, borrowing and banking, and political constraints, the papers contained in this volume provide guidance on coalition choices for individual states of the US and partnership choices for developing countries involved in the Clean Development Mechanism today and in emission allowance trading in the future. The impacts of mitigation policy across industries and socioeconomic groups are also analysed, using computable general equilibrium models to examine the economic implications of carbon taxes, fuel taxes, tradable emission permits, and strict regulation. In addition, the book establishes a firm grounding for policy analysis by providing a basic understanding of the carbon cycle, drivers of GHG emissions, and some economic impacts of climate change.

The Economics of Climate Change Policy will be of great interest and value to academics and students of environmental economics and policy and will be welcomed by environmental policy-makers involved in climate change issues at the local, regional, national and international level.
Contents:

Preface

Introduction: A Personal, Professional and Policy Odyssey

PART I: INTRODUCTION AND OVERVIEW
1. ‘Introduction: Nature of the Issue and Policy Options’

2. ‘What Are the Options that Could Significantly Affect the North American Carbon Cycle?’

3. ‘An International System of Tradeable CO2 Entitlements: Implications for Economic Development’

4. ‘Global Warming Policy: Who Decides What is Fair?’

5. ‘Greenhouse Gas Mitigation Action Planning: An Overview’

PART II: GREENHOUSE GAS EMISSIONS AND CLIMATE IMPACTS
6. ‘A Greenhouse Gas Emissions Inventory for Pennsylvania’

7. ‘Carbon Dioxide Emissions in the US Economy: A Structural Decomposition Analysis’

8. ‘Characterizing Regional Economic Impacts and Responses to Climate Change’

9. ‘Simulating the Economic Impacts of Climate Change in the Mid-Atlantic Region’

10. ‘Global Climate Change and the Value of Solar Energy in US Agriculture’

PART III: EFFICIENCY CONSIDERATIONS IN POLICY DESIGN
11. ‘The Efficiency and Equity of Marketable Permits for CO2 Emissions’

12. ‘Regrets or No Regrets – That is the Question: Is Conservation a Costless CO2 Mitigation Strategy?’

13. ‘The Changing Role of Transaction Costs in the Evolution of Joint Implementation’

14. ‘An Economic Analysis of Flexible Permit Trading in the Kyoto Protocol’

15. ‘A Dynamic Analysis of the Marketable Permits Approach to Global Warming Policy: A Comparison of Spatial and Temporal Flexibility’

PART IV: INTERNATIONAL EQUITY AND GLOBAL COOPERATION
16. ‘Reducing Conflict in Global Warming Policy: The Potential of Equity as a Unifying Principle’

17. ‘Equity in Environmental Policy with an Application to Global Warming’

18. ‘Long-Run Implications for Developing Countries of Joint Implementation of Greenhouse Gas Mitigation’

19. ‘International Equity and Differentiation in Global Warming Policy’

20. ‘Greenhouse Gas Emissions Trading Among Pacific Rim Countries: An Analysis of Policies to Bring Developing Countries to the Bargaining Table’

PART V: NATIONAL IMPACTS OF MITIGATION POLICY
21. ‘Motor-Fuel Taxes and Household Welfare: An Applied General Equilibrium Analysis’

22. ‘Global Warming Policy, Energy, and the Chinese Economy’

23. ‘Greenhouse Gas Reduction Policy in the United States: Identifying Winners and Losers in an Expanded Permit Trading System’

24. ‘Interregional Burden-Sharing of Greenhouse Gas Mitigation in the United States’

25. ‘Regional Carbon Dioxide Permit Trading in the United States: Coalition Choices for Pennsylvania’

PART VI: REGIONAL IMPACTS OF MITIGATION POLICY
26. ‘Global Warming Policy and the Pennsylvania Economy: A Computable General Equilibrium Analysis’

27. ‘The Impact of a Carbon Tax on the Susquehanna River Basin Economy’

28. ‘Assessing the Impacts of Carbon Emission Reduction Policies on the Mid-Atlantic Regional Economy: A Dynamic Computable General Equilibrium Analysis’

29. ‘Income Distribution Impacts of Climate Change Mitigation Policy in the Susquehanna River Basin Economy’

30. ‘Climate Change Policy Formation in Minnesota: The Case for a Regional Approach’

Index