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Optimal control models and elicitation of attitudes towards climate damages
Jean Charles Hourcade,Philippe Ambrosi,Stephane Hallegatte,Franck Lecocq,Patrice Dumas,Minh Ha-Duong +5 more
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This article examined the consequences of various attitudes towards climate damages through a family of stochastic optimal control models (RESPONSE): cost-efficiency for a given temperature ceiling; cost-benefit analysis with a "pure preference for current climate regime" and full costbenefit analysis.Abstract:
This paper examines the consequences of various attitudes towards climate damages through a family of stochastic optimal control models (RESPONSE): cost-efficiency for a given temperature ceiling; cost-benefit analysis with a "pure preference for current climate regime" and full cost-benefit analysis. The choice of a given proxy of climate change risks is actually more than a technical option. It is essentially motivated by the degree of distrust regarding the legitimacy of an assessment of climate damages and the possibility of providing in due time reliable and non controversial estimates. Our results demonstrate that a) for early decades abatement, the difference between various decision-making frameworks appears to matter less than the difference between stochastic and non stochastic approach given the cascade of uncertainty from emissions to damages; b) in a stochastic approach, the possibility of non-catastrophic singularities in the damage function is sufficient to significantly increase earlier optimal abatements; c) a window of opportunity for action exists up to 2040: abatements further delayed may induce significant regret in case of bad news about climate response or singularities in damages.read more
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Issues related to mitigation in the long-term context (Chapter 3)
TL;DR: Nakicenovic et al. as mentioned in this paper presented a first-order draft of CH3_Text FOD 22-11 rev.3.3_ML.doc.
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An axiomatic approach to sustainable development
TL;DR: In this article, the authors propose two axioms that capture the idea of sustainable development and derive the welfare criterion that they imply, requiring that neither the present nor the future should play a dictatorial role.
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Why economic dynamics matter in assessing climate change damages: illustration on extreme events
TL;DR: In this article, a non-equilibrium dynamic model (NEDyM) is used to assess the macroeconomic consequences of extreme events, and the authors find that changes in the distribution of extremes may entail signican t GDP losses in absence of specic adaptation.
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From growth to green growth -- a framework
TL;DR: In this article, the authors propose a framework for green growth by focusing on what needs to happen over the next 5-10 years before the world gets locked into patterns that would be prohibitively expensive and complex to modify and reconciling the short and the long term, by offsetting short-term costs and maximizing synergies and economic co-benefits.
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The value of the world's ecosystem services and natural capital
Robert Costanza,Rudolf de Groot,Stephen Farberk,Monica Grasso,Bruce Hannon,Karin E. Limburg,Shahid Naeem,José M. Paruelo,Robert Raskin,Paul Suttonkk,Marjan van den Belt +10 more
TL;DR: In this paper, the authors have estimated the current economic value of 17 ecosystem services for 16 biomes, based on published studies and a few original calculations, for the entire biosphere, the value (most of which is outside the market) is estimated to be in the range of US$16-54 trillion (10^(12)) per year, with an average of US $33 trillion per year.
Journal ArticleDOI
Climate change 2001: the scientific basis
John Theodore Houghton,Y. Ding,David John Griggs,M. Noguer,P. J. van der Linden,X. Dai,K. Maskell,C. A. Johnson +7 more
TL;DR: In this article, the authors present an overview of the climate system and its dynamics, including observed climate variability and change, the carbon cycle, atmospheric chemistry and greenhouse gases, and their direct and indirect effects.
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Climate Change 2001: Impacts, Adaptation, and Vulnerability
TL;DR: In this paper, the authors set the stage for impact, adaptation, and vulnerability assessment of climate change in the context of sustainable development and equity, and developed and applied scenarios in Climate Change Impact, Adaptation, and Vulnerability Assessment.
Journal ArticleDOI
Climate change 2001: The scientific basis. Contribution of Working Group I to the Third Assessment Report of the Intergovernmental Panel on Climate Change
David John Griggs,M. Noguer +1 more
TL;DR: The terms of reference of the Intergovernmental Panel on Climate Change (IPCC) as discussed by the authors were defined by the World Meteorological Organization (WMO) and the United Nations Environmental Programme (UNEP).
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Special report on emissions scenarios : a special report of Working group III of the Intergovernmental Panel on Climate Change
Nebojsa Nakicenovic,Joseph Alcamo,Ged Davis,B. de Vries,Jørgen Villy Fenhann,S. Gaffin,K. Gregory,Arnulf Grubler,Tae Yong Jung,T. Kram,E. L. La Rovere,Laurie Michaelis,S. Mori,Tsuneyuki Morita,William Pepper,Hugh Pitcher,Lynn Price,Keywan Riahi,A. Roehrl,Hans-Holger Rogner,Alexei Sankovski,Michael E. Schlesinger,P.R. Shukla,Steven J. Smith,Robert Swart,S. van Rooijen,Nadejda M. Victor,Z. Dadi +27 more
TL;DR: IPCC Special Report on Emissions Scenarios as mentioned in this paper provides an overview of the scenario literature and the scenario driving forces, as well as a summary of the discussions and recommendations.