The regrets of procrastination in climate policy

Environmental Research Letters

Volumn 2, Issue 2, 2007, Pages

  Keller, Klaus ^a   Robinson, Alexander ^a   Bradford, David F ^b   Oppenheimer, Michael ^b,c  

^a PENNSYLVANIA STATE UNIVERSITY   (United States)

^b PRINCETON UNIVERSITY   (United States)

^c PRINCETON UNIVERSITY   (United States)

Author keywords

Climate change; Climate threshold; Economically efficient climate change strategies

Indexed keywords

CLIMATE CHANGE; COST BENEFIT ANALYSIS; ECONOMICS; OPTIMAL SYSTEMS;

ANTHROPOGENIC CARBON DIOXIDE; ANTHROPOGENIC INTERFERENCE; CLIMATE CHANGE IMPACT; CLIMATE THRESHOLD; ECONOMICALLY EFFICIENT CLIMATE CHANGE STRATEGIES; GLOBAL CLIMATE CHANGES; GLOBAL-MEAN TEMPERATURE; OPTIMAL INVESTMENTS;

CARBON DIOXIDE;

EID: 34547639531     PISSN: None     EISSN: 17489326     Source Type: Journal    
DOI: 10.1088/1748-9326/2/2/024004     Document Type: Article

References (28)

1. Andronova N G and Schlesinger M E 2001 Objective estimate of the probability density function for climate sensitivity J. Geophys. Res. 106 22605-11
2. Argote L and Epple D 1990 Learning curves in manufacturing Science 247 920-4
3. Arrow K 1962 The economic implications of learning by doing Rev. Econ. Stud. 29 155-73
4. BLS (Bureau of Labor Statistics) 2007 http://www.bls.gov/cpi/home.htm (Table containing history of CPI-U US, all items indexes and annual percent changes from 1913 to present)
5. Bradford D F 1999 On the uses of benefit-cost reasoning in choosing policy toward global climate change Discounting and Intergenerational Equity ed P R Portney and J P Weyant (Washington, DC: Resources for the Future) pp37-44
6. 2-reduction agreement Resource Energy Econ. 18 83-102
7. Grübler A, Nakicenovic N and Victor D G 1999 Dynamics of energy technologies and global change Energy Policy 27 247-80
8. Hammitt J K, Lempert R J and Schlesinger M E 1992 A sequential-decision strategy for abating climate change Nature 357 315-8
9. Keller K, Bolker B M and Bradford D F 2004 Uncertain climate thresholds and optimal economic growth J. Environ. Econ. Manage. 48 723-41
10. Keller K, Hall M G, Yang Z and Bradford D F 2003 Carbon dioxide sequestration: When and how much? Center for Economic Policy Studies Working Paper No. 94 (available at: http://www.princeton.edu/∼ceps)
11. Keller K, Miltich L I, Robinson A and Tol R S J 2007a How overconfident are current projections of carbon dioxide emissions? Working Paper Series Research Unit Sustainability and Global Change, Hamburg University. FNU-124: http://ideas.repec.org/s/sgc/wpaper.html
12. Keller K, Yohe G and Schlesinger M 2007b Managing the risks of climate thresholds: uncertainties and information needs Clim. Change doi:10.1007/s10584-006-9114-6
13. McInerney D and Keller K 2007 Economically optimal risk reduction strategies in the face of uncertain climate thresholds Clim. Change doi:10.1007/s10584-006-9137-z
14. Moles C G, Banga J R and Keller K 2004 Solving nonconvex climate control problems: pitfalls and algorithm performances Appl. Soft Comput. 5 35-44
15. Nordhaus W D 2007 The challenge of global warming: economic models and environmental policy http://www.econ.yale.edu/∼nordhaus/DICEGAMS/DICE2007. htm (accessed May 2, 2007)
16. Nordhaus W D 1992 An optimal transition path for controlling greenhouse gases Science 258 1315-9
17. Nordhaus W D 1994 Managing the Global Commons: The Economics of Climate Change (Cambridge, MA: MIT Press)
18. Nordhaus W D and Boyer J 2000 Warming the World: Economic Models of Global Warming (Cambridge, MA: MIT Press) p232
19. Nordhaus W D and Popp D 1997 What is the value of scientific knowledge? An application to global warming using the PRICE model Energy J. 18 1-45
20. O'Neill B C et al 2006 Learning and climate change Clim. Policy 6 585-9
21. O'Neill B C and Oppenheimer M 2002 Climate change-dangerous climate impacts and the Kyoto protocol Science 296 1971-2
22. O'Neill B C and Oppenheimer M 2004 Climate change impacts are sensitive to the concentration stabilization path Proc. Natl Acad. Sci. USA 101 16411-6
23. Ramsey F 1928 A mathematical theory of saving Econ. J. 37 543-59
24. Runarsson T P and Yao X 2000 Stochastic ranking for constrained evolutionary optimization IEEE Trans. Evol. Comput. 4 284-94
25. Tol R S J 1994 The damage costs of climate change-a note on tangibles and intangibles applied to DICE Energy Policy 22 436-8
26. UNFCCC 1992 UN Framework Convention on Climate Change, edited, Palais des Nations, Geneva http://www.unfccc.de/index.html
27. Wetherald R T, Stouffer R J and Dixon K W 2001 Committed warming and its implications for climate change Geophys. Res. Lett. 28 1535-8
28. Yohe G W, Andronova N G and Schlesinger M 2004 To hedge or not to hedge against an uncertain future climate Science 306 416-7