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Valuing Climate Change - The Economics of the Greenhouse (Paperback)
Loot Price: R1,288
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Valuing Climate Change - The Economics of the Greenhouse (Paperback)
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Within only a few years, global warming has emerged from scientific
speculation into an environmental threat of worldwide concern. Yet
the scientific community remains uncertain as to the long-term
trends and effects of climate change, and this uncertainty has been
seized on as justification for inaction by an international
community reluctant to bear the costs of policies to reduce
greenhouse gas emissions. Valuing Climate Change presents concrete,
economic evidence of the need for action. Fankhauser assesses the
costs of a doubling of GHG emissions to be a significant percentage
of gross world product; a figure which he then compares to the
costs of reducing emissions. In his comparison, he looks at
regional as well as global estimates of damage, and takes account
of the non-climate change benefits of GHG reductions, such as a
switch in the energy sector to cleaner technologies or renewable
fuels, and the impacts on transport, with reduced congestion and
improved air quality. It is clear that the stakes are high, and
Fankhauser believes that tougher targets may be needed than those
set out in the Framework Convention on Climate Change. He assesses
the optimum policy responses to GHG reduction, the likely
instruments for achieving it and the potential for international
cooperation in dealing with the problems. This is a major
contribution to the rapidly changing debate on global warming.
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