The Costs Of Climate Change Mitigation Innovations

This book presents provides a rigorous yet accessible treatment of the main topics in climate change policy using a large body of research generated using WITCH (World Induced Technical Change Hybrid), an innovative and path-breaking integrated assessm

The notion that humanity may be too late to alter climate change could potentially lead to fear and therefore the advocacy of implementing radical strategies and/or hastening the execution of certain measures to the extreme. There is evidence that extensive and intensive implementation of some climate change solutions can significantly alter the environment and ecosystems in unintended ways. For example, the microclimate of a field in the proximity and downstream of a closely packed array of wind turbines can be noticeably altered by the modified lower atmospheric fluxes caused by the turbines, which can then negatively affect crop yields. Additionally, some studies have found that large-scale solar fields can result in the modulation of atmospheric circulation, leading to changes in regional precipitation. The Costs of Climate Change Mitigation Innovations: A Pragmatic Outlook provides a forum for discussion on the long-term consequences of various climate strategies. It promotes our striving toward minimizing the potential negative impact of new interventions by performing objective, holistic analyses. The bottom line is that we do not want today's solutions to become tomorrow’s problems.

The issues of technology and uncertainty are very much at the heart of the policy debate of how much to control greenhouse gas emissions. The costs of doing so are present and high while the benefits are very much in the future and, most importantly, they are highly uncertain. Whilst there is broad consensus on the key elements of climate change science and agreement that near-term actions are needed to prevent dangerous anthropogenic interference with the climate system, there is little agreement on the costs and benefits of climate policy. The book looks at different ways of reconciling the needs for sustainability and equity with the costs of action now. Presenting a compendium of methodologies for evaluating the economic impact of technological innovation upon climate-change policy, this book describes mathematical models and their predictions. The goal is to provide a practitioner’s guide for doing the science of economics and climate change. Because the assumptions motivating different problems in the economics of climate change have different complexities, a number of models are presented with varying levels of difficulty: reduced-form and structural, partial- and general-equilibrium, closed-form and computational. A unifying theme of these models is the incorporation of a number of price and quantity instruments and an analysis of their respective efficacies. This book presents models that contain structural uncertainty, i.e., uncertainty that economic agents respond to via their risk attitudes. The novelty of this book is to relate the effects of risk and risk attitudes to environment-improving technological innovation.

Although the world faces many environmental challenges, climate change continues to demand attention. This timely book explores ways in which market-based instruments and complementary policies can help countries meet their climate change goals. The chapters explore carbon pricing and other tax and non-tax measures, offering useful market-based perspectives that can help inform the many climate policy decisions that lie ahead.

Climate change mitigation is still possible, if innovative economic policies are implemented, such as those provided by this book: a large array of proposals by 30 economists from developing and developed countries. High and senior level policymakers (and their staff) will find fundamental outlines and insights for negotiating and laying down NAMAs (Nationally Appropriate Mitigation Actions) and Climate Action Plans at national, sub-national, city and sectoral levels. With more than 20 "recipes", this book is revolutionary because: 1. it leads the reader from the context to the implementation details; 2. it reverses classical textbook proportions of "90%%%% analysis and 10%%%% proposals" in favor of "90%%%% proposals and 10%%%% analysis"; 3. it relates each policy to a number of co-benefits to synergize climate mitigation with employment, competitiveness, and happiness. This second edition 2012 builds upon the experience gained in implementation worldwide.

This timely Handbook presents the latest knowledge on technological innovation for climate change mitigation and adaptation. Looking beyond technical fixes, it further draws on economics, politics and sociology to explore how modern technology can contribute to effective and socially just sustainability transitions.

A comprehensive examination of the inability of liberal capitalism to generate the technological innovations necessary to prevent dangerous climate change. The case is made for the need for institutional evolution to drive the climate innovation, and the potential for climate innovation in an increasingly economically interconnected world.

This book presents a series of papers that explore the extent to which technological innovation can lower the cost of achieving climate change mitigation objectives.