This thoroughly revised third edition offers comprehensive coverage of the economics of climate change and climate policy, and is a suitable guide for advanced undergraduate, postgraduate, and doctoral students. Topics discussed include the costs and benefits of adaptation and mitigation, discounting, uncertainty, equity, policy instruments, the second best, and international agreements. Key features: In-depth treatment of the economics of climate change Careful explanation of concepts and their application to climate policy Customizable integrated assessment model that illustrates all issues discussed Specific usage guidelines for each level of reader Companion website with data, quizzes, videos, and further reading Discussion of the latest developments in theory and policy Greater attention to policy and market imperfections than in the second edition. This book is an essential text for students in economics, climate change, and environmental policy, an excellent resource for researchers and practitioners, and a key text to support professors in their teaching.

This unique textbook offers comprehensive coverage of the economics of climate change and climate policy, and is a suitable guide for advanced undergraduate, post-graduate, and doctoral students. Topics discussed include the costs and benefits of adaptation and mitigation, discounting, uncertainty, policy instruments, and international agreements. Key features of the second edition: In-depth treatment of the economics of climate change? careful explanations of concepts and their application to climate policy? customizable integrated assessment model that illustrates all issues discussed? specific usage guidelines for each level of reader? companion website featuring data, extra reading, quizzes, videos, and more to support seminar sessions and further exploration of the topic? discussion of the latest developments in theory and policy? a stronger empirical basis than the first edition. This book is an essential text for advanced undergraduate and masters students in economics, climate change, and environmental policy, and an excellent resource for researchers and practitioners looking for a key text to support them across all of their teaching. Contents: Preface Introduction 1. The science of climate change 2. Emissions scenarios and options for emission reduction 3. Abatement costs 4. Policy instruments for emission reduction 5. Impacts and valuation 6. Impacts of climate change 7. Climate and development 8. Adaptation policy 9. Optimal climate policy 10. Discounting 11. Uncertainty 12. Equity 13. International environmental agreements 14. Building an integrated assessment model 15. How to solve the climate problem? Index

This thoroughly revised third edition offers comprehensive coverage of the economics of climate change and climate policy, and is a suitable guide for advanced undergraduate, postgraduate, and doctoral students. Topics discussed include the costs and benefits of adaptation and mitigation, discounting, uncertainty, equity, policy instruments, the second best, and international agreements. Key features: In-depth treatment of the economics of climate change Careful explanation of concepts and their application to climate policy Customizable integrated assessment model that illustrates all issues discussed Specific usage guidelines for each level of reader Companion website with data, quizzes, videos, and further reading Discussion of the latest developments in theory and policy Greater attention to policy and market imperfections than in the second edition. This book is an essential text for students in economics, climate change, and environmental policy, an excellent resource for researchers and practitioners, and a key text to support professors in their teaching.

Land has long been overlooked in economics. That is now changing. A substantial part of the solution to the climate crisis may lie in growing crops for fuel and using trees for storing carbon. This book investigates the potential of these options to reduce greenhouse gas emissions, estimates the costs to the economy, and analyses the trade-offs with growing food. The first part presents new databases that are necessary to underpin policy-relevant research in the field of climate change while describing and critically assessing the underlying data, the methodologies used, and the first applications. Together, the new data and the extended models allow for a thorough and comprehensive analysis of a land use and climate policy. This book outlines key empirical and analytical issues associated with modelling land use and land use change in the context of global climate change policy. It places special emphasis on the economy-wide competition for land and other resources, especially; The implications of changes in land use for the cost of climate change mitigation, Land use change as a result of mitigation, and Feedback from changes in the global climate to land use. By offering synthesis and evaluation of a variety of different approaches to this challenging field of research, this book will serve as a key reference for future work in the economic analysis of land use and climate change policy.

Land has long been overlooked in economics. That is now changing. A substantial part of the solution to the climate crisis may lie in growing crops for fuel and using trees for storing carbon. This book investigates the potential of these options to reduce greenhouse gas emissions, estimates the costs to the economy, and analyses the trade-offs with growing food. The first part presents new databases that are necessary to underpin policy-relevant research in the field of climate change while describing and critically assessing the underlying data, the methodologies used, and the first applications.

Together, the new data and the extended models allow for a thorough and comprehensive analysis of a land use and climate policy. This book outlines key empirical and analytical issues associated with modelling land use and land use change in the context of global climate change policy. It places special emphasis on the economy-wide competition for land and other resources, especially;

• The implications of changes in land use for the cost of climate change mitigation,
• Land use change as a result of mitigation, and
• Feedback from changes in the global climate to land use.

By offering synthesis and evaluation of a variety of different approaches to this challenging field of research, this book will serve as a key reference for future work in the economic analysis of land use and climate change policy.