IDEAS home Printed from https://ideas.repec.org/a/spr/envpol/v1y1998i1d10.1007_bf03353892.html
   My bibliography  Save this article

Climate change, response timing, and integrated assessment modeling

Author

Listed:
  • Akihiro Amano

    (Kwansei Gakuin University)

Abstract

This paper examines three questions that often come up during integrated assessment debates in relation to the timing of an appropriate response to global warming: discounting, technical change, and limiting the speed of global warming. The present gaps in the debate on the rate of return on capital versus the consumption rate of interest can be narrowed if negative externalities and the effect of environmental degradation on consumption utility are properly taken into account in the dynamic social optimality condition. Endogenization of technical change within the energy sector will also narrow the gap during debates on early and delayed mitigation. Finally, the need for limiting the speed of temperature increase during, for example, the decadal time period is discussed.

Suggested Citation

  • Akihiro Amano, 1998. "Climate change, response timing, and integrated assessment modeling," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 1(1), pages 3-18, June.
  • Handle: RePEc:spr:envpol:v:1:y:1998:i:1:d:10.1007_bf03353892
    DOI: 10.1007/BF03353892
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/BF03353892
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.

    File URL: https://libkey.io/10.1007/BF03353892?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. J.P. van der Sluijs, 1996. "Integrated Assessment Models and Management of Uncertainties," Working Papers wp96119, International Institute for Applied Systems Analysis.
    2. Weitzman Martin L., 1994. "On the Environmental Discount Rate," Journal of Environmental Economics and Management, Elsevier, vol. 26(2), pages 200-209, March.
    3. Grubb, Michael & Chapuis, Thierry & Duong, Minh Ha, 1995. "The economics of changing course : Implications of adaptability and inertia for optimal climate policy," Energy Policy, Elsevier, vol. 23(4-5), pages 417-431.
    4. William R. Cline, 1992. "Economics of Global Warming, The," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 39.
    5. Klaassen, Ger A. J. & Opschoor, Johannes B., 1991. "Economics of sustainability or the sustainability of economics: Different paradigms," Ecological Economics, Elsevier, vol. 4(2), pages 93-115, November.
    6. René Kemp, 1997. "Environmental Policy and Technical Change," Books, Edward Elgar Publishing, number 1187.
    7. Falk Ita & Mendelsohn Robert, 1993. "The Economics of Controlling Stock Pollutants: An Efficient Strategy for Greenhouse Gases," Journal of Environmental Economics and Management, Elsevier, vol. 25(1), pages 76-88, July.
    8. Toth, Ferenc L, 1995. "Practice and progress in integrated assessments of climate change : A workshop overview," Energy Policy, Elsevier, vol. 23(4-5), pages 253-267.
    9. Alan Manne & Richard Richels, 1995. "The Greenhouse Debate: Economic Efficiency, Burden Sharing and Hedging Strategies," The Energy Journal, , vol. 16(4), pages 1-37, October.
    10. Hourcade, Jean-Charles & Chapuis, Thierry, 1995. "No-regret potentials and technical innovation : A viability approach to integrated assessment of climate policies," Energy Policy, Elsevier, vol. 23(4-5), pages 433-445.
    11. Dowlatabadi, Hadi, 1995. "Integrated assessment models of climate change : An incomplete overview," Energy Policy, Elsevier, vol. 23(4-5), pages 289-296.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Akihiro Amano, 1998. "Climate change, response timing, and integrated assessment modeling," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 1(1), pages 3-18, June.
    2. A. Patt, 1997. "Economists and Ecologists: Different Frames of Reference for Global Climate Change," Working Papers ir97056, International Institute for Applied Systems Analysis.
    3. Wei, Yi-Ming & Mi, Zhi-Fu & Huang, Zhimin, 2015. "Climate policy modeling: An online SCI-E and SSCI based literature review," Omega, Elsevier, vol. 57(PA), pages 70-84.
    4. Stéphane Hallegatte, 2005. "Interactions d'échelles en économie : Application à l'évaluation intégré des dommages du changement climatique et des événements extrêmes," CIRED Working Papers halshs-00008712, HAL.
    5. Kolstad, Charles D. & Toman, Michael, 2005. "The Economics of Climate Policy," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 3, chapter 30, pages 1561-1618, Elsevier.
    6. Ruiz Estrada, Mario Arturo, 2013. "The Macroeconomics evaluation of Climate Change Model (MECC-Model): The case Study of China," MPRA Paper 49158, University Library of Munich, Germany, revised 18 Aug 2013.
    7. Pizer, William A., 1999. "The optimal choice of climate change policy in the presence of uncertainty," Resource and Energy Economics, Elsevier, vol. 21(3-4), pages 255-287, August.
    8. Kandlikar, Milind, 1996. "Indices for comparing greenhouse gas emissions: integrating science and economics," Energy Economics, Elsevier, vol. 18(4), pages 265-281, October.
    9. Makropoulou, Vasiliki & Dotsis, George & Markellos, Raphael N., 2013. "Environmental policy implications of extreme variations in pollutant stock levels and socioeconomic costs," The Quarterly Review of Economics and Finance, Elsevier, vol. 53(4), pages 417-428.
    10. Lykke E. Andersen, 2015. "A Cost-benefit Analysis of Deforestation in the Brazilian Amazon," Discussion Papers 0065, Instituto de Pesquisa Econômica Aplicada - IPEA.
    11. Dietz, Simon, 2009. "From efficiency to justice: utility as the informational basis of climate change strategies, and some alternatives," LSE Research Online Documents on Economics 37616, London School of Economics and Political Science, LSE Library.
    12. Michael Grubb, 1998. "The Timing of CO2 Emissions Abatement: An Overview of Economic Issues," Energy & Environment, , vol. 9(4), pages 399-412, June.
    13. Jaccard, Mark & Rivers, Nic, 2007. "Heterogeneous capital stocks and the optimal timing for CO2 abatement," Resource and Energy Economics, Elsevier, vol. 29(1), pages 1-16, January.
    14. Olivier Godard, 1996. "Economic Expertise And Decision-Making In Controversial Universes," Post-Print halshs-00625518, HAL.
    15. Padilla, Emilio, 2002. "Intergenerational equity and sustainability," Ecological Economics, Elsevier, vol. 41(1), pages 69-83, April.
    16. Toman, Michael & Shogren, Jason, 2000. "Climate Change Policy," RFF Working Paper Series dp-00-22, Resources for the Future.
    17. Claudia Kemfert & Richard Tol, 2002. "Equity, international trade and climate policy," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 2(1), pages 23-48, March.
    18. Malte Schwoon & Richard S.J. Tol, 2006. "Optimal CO2-abatement with Socio-economic Inertia and Induced Technological Change," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 25-60.
    19. Richard S.J. Tol & Thomas E. Downing & Samuel Fankhauser & Richard G. Richels & Joel B. Smith, 2001. "Progress In Estimating The Marginal Costs Of Greenhouse Gas Emissions," Working Papers FNU-4, Research unit Sustainability and Global Change, Hamburg University, revised Jan 2001.
    20. Frankhauser, Samuel & Tol, Richard SJ, 1996. "Climate change costs : Recent advancements in the economic assessment," Energy Policy, Elsevier, vol. 24(7), pages 665-673, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:envpol:v:1:y:1998:i:1:d:10.1007_bf03353892. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.