The results convey a spurious precision that does not accurately reflect the modeling, behavioral, and measurement errors and uncertainties. The model is a globally aggregated model that incorporates simplified representations of the major elements involved in analyzing the problems associated with climate change.
. The major changes since the last generation of RICE-DICE models are described in the last part of the chapter. Top subscription boxes – right to your door, © 1996-2020, Amazon.com, Inc. or its affiliates. A Question of Balance is a rather dry read.
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©2000-2020 ITHAKA. (For EndNote, ProCite, Reference Manager, Zotero, Mendeley...), II Background and Description of the DICE Model, III Derivation of the Equations of the DICE-2007 Model, IV Alternative Policies for Global Warming, VII Dealing with Uncertainty in Climate-Change Policy, IX An Alternative Perspective: The Stern Review, Appendix: Equations of the DICE-2007 Model. A Question of Balance: Weighing the Options on Global Warming Policies, Essential evaluation of the economics of ameliorating global warming. In November 2006, the British government presented a comprehensive new study:Stern Review on the Economics of Climate Change(hereafter theStern Review).¹ It painted a dark picture for the globe: “[T]heReviewestimates that if we don’t act, the overall costs and risks of climate change will be equivalent to losing at least 5% of global GDP each year, now and forever. . and a caution of how overreach in attempting to reduce CO2 emissions can make the cost worse than the cure, Reviewed in the United States on October 6, 2015. The equations of the DICE-2007 model are listed in the Appendix. Find all the books, read about the author, and more.
For example, ecologists see global warming as a threat to ecosystems, utilities as a debit to their balance sheets, and farmers as a hazard to their livelihoods. As scientific and observational evidence on global warming piles up every day, questions of economic policy in this central environmental topic have taken center stage. "Professor Nordhaus pioneered the integrated analysis of climate change, combining climatic and economic modeling.
For example, ecologists see global warming as a threat to ecosystems, utilities as a debit to their balance sheets, and farmers as a hazard to their livelihoods. In order to navigate out of this carousel please use your heading shortcut key to navigate to the next or previous heading. Please try again. The issues involved in understanding global warming and taking actions to slow its harmful impacts are the major environmental challenge of the modern age. Professor Nordhaus adroitly unravels the mysteries of global warming and lays bare the options before us."
Exactly what is needed, a balanced, non-hysterical way to think about the economics of global warming. In dealing with global public goods like global warming, it is necessary to reach through governments to the multitude of firms and consumers who make the vast number of decisions that affect the ultimate outcome. The major industrial GHGs are carbon dioxide (CO₂), methane, ozone, nitrous oxides, and chlorofluorocarbons (CFCs). As scientific and observational evidence on global warming piles up every day, questions of economic policy in this central environmental topic have taken center stage. I thought he was thorough is his descriptions of the limitations of this approach and his model which I would describe as an economic and cost benefit analysis over time of various strategies for ameliorating global warming.
Concerned and disinterested analysts across the entire spectrum of economic and scientific research take the prospects for a warmer world seriously.
I thought he was thorough is his descriptions of the limitations of this approach and his model which I would describe as an economic and cost benefit analysis over time of various strategies for ameliorating global warming. You do not have access to this The book offers one of the most extensive analyses of the economic and environmental dynamics of greenhouse-gas emissions and climate change and provides the tools to evaluate alternative approaches to slowing global warming.
Does this book contain quality or formatting issues? In this book, we have organized these into the major policies shown in Table 4-1. His approach is to create a computer model in which he hopes to capture the salient economic, energy and climate factors while being simple enough that it can be understood and run repeatedly with different scenarios.
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