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  • 1
    Electronic Resource
    Electronic Resource
    Springer
    Environmental and resource economics 3 (1993), S. 41-61 
    ISSN: 1573-1502
    Keywords: Climate change ; environmental policy ; dynamic control ; stock pollutant ; greenhouses gases
    Source: Springer Online Journal Archives 1860-2000
    Topics: Energy, Environment Protection, Nuclear Power Engineering , Economics
    Notes: Abstract Efficient policies to control trace gas emissions require estimation of an appropriate “exchange rate” among these gases; i.e. the relative value of reducing emissions of each gas. A dynamic stock pollutant model is developed that considers damages associated with both non-climatic and climatic effects of the gases, differing atmospheric lifetimes of the gases, the discount rate, and non-linear damages. The index value and shadow value of control are estimated for carbon dioxide, carbon monoxide, methane, nitrous oxide and the 4 major chlorofluorocarbons (CFCs). The value of control for short-lived relative to long-lives gases is lower for low discount rates and quadratic compared with linear damages. The relative value of control for all gases falls relative to carbon dioxide if one considers the direct beneficial effects of carbon dioxide on agriculture. The general approach developed in the paper may have application for other environmental problems where multiple substances pose individual risks but also jointly contribute to a single risk.
    Type of Medium: Electronic Resource
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  • 2
    Publication Date: 2022-05-25
    Description: Author Posting. © The Author(s), 2007. This is the author's version of the work. It is posted here by permission of Elsevier B.V. for personal use, not for redistribution. The definitive version was published in Energy Policy 35 (2007): 5370-5383, doi:10.1016/j.enpol.2006.01.040.
    Description: Multiple environmental changes will have consequences for global vegetation. To the extent that crop yields and pasture and forest productivity are affected there can be important economic consequences. We examine the combined effects of changes in climate, increases in carbon dioxide, and changes in tropospheric ozone on crop, pasture, and forest lands and the consequences for the global and regional economies. We examine scenarios where there is limited or little effort to control these substances, and policy scenarios that limit emissions of CO2 and ozone precursors. We find the effects of climate and CO2 to be generally positive, and the effects of ozone to be very detrimental. Unless ozone is strongly controlled damage could offset CO2 and climate benefits. We find that resource allocation among sectors in the economy, and trade among countries, can strongly affect the estimate of economic effect in a country.
    Description: This research was supported by the US Department of Energy, US Environmental Protection Agency, US National Science Foundation, US National Aeronautics and Space Administration, US National Oceanographic and Atmospheric Administration; and the Industry and Foundation Sponsors of the MIT Joint Program on the Science and Policy of Global Change
    Keywords: Climate change ; Ozone damage ; Vegetation ; Agriculture ; Economics
    Repository Name: Woods Hole Open Access Server
    Type: Preprint
    Format: application/pdf
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