Download Argument in the Greenhouse: The International Economics of by Sujata Gupta, Stephen Hall, Nick Mabey, Clare Smith PDF

By Sujata Gupta, Stephen Hall, Nick Mabey, Clare Smith

Masking either the constructing and built global, this publication identifies very important new rules to foster potent agreements in emissions and stop international warming: lifelike regulations which should still obtain overseas and family aid.

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Extra info for Argument in the Greenhouse: The International Economics of Controlling Global Warming

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Given such distortions they suggest an approach based on stimulating energy saving innovation and imposing multi-pollutant ‘toxicity based’ taxes would be better in the long term. Tradable permits/quotas In a situation where the costs of abatement are known with greater certainty than potential damages and there is a significant probability of catastrophic damage, it is generally acknowledged that a system of tradable quotas of emissions is a more effective policy instrument than emission taxation because environmental quality is guaranteed (Weitzman 1974, Pearce and Turner 1990).

CO, NOx, SOx for and NMVOC. industrial Halt countries, deforestation. Phase out Capture of HCFCs. emissions from coal mining and gas production. 5 conventional oil. (30% pollution IS92d. 0 IS92a. fossil energy). 2100 Phase out nuclear by 2075. IS92f UN Same as Oil and gas same Same as IS92a. Same as medium IS92a as IS92e. IS92a. 083/kWh. 09/ kWh. Source: IPCC 1992 a All scenarios assume coal resources up to 197,000 EJ. 3/gigajoule at the mine, b Tropical deforestation rates (for closed and open forests) begin from an average rate of 17 million hectares/year (FAO 1991) for 1981–90, then increase with population until constrained by availability of land not legally protected.

We analyse the potential for ecological tax reform, that is the shifting of the tax burden from labour to pollution, and measure the effects of this policy on growth, employment and the distribution of income over the range of abatement likely under the FCCC. The demand-side macroeconomics of carbon taxes, how they affect incomes, inflation, interest rates and investment, are considered also under different wage setting assumptions, and the sensitivity of results to changes in labour market conditions is determined.

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