Book•
The Economics of Climate Change: The Stern Review
15 Jan 2007-
TL;DR: The Stern Review as discussed by the authors is an independent, rigourous and comprehensive analysis of the economic aspects of this crucial issue, conducted by Sir Nicholas Stern, Head of the UK Government Economic Service, and a former Chief Economist of the World Bank.
Abstract: There is now clear scientific evidence that emissions from economic activity, particularly the burning of fossil fuels for energy, are causing changes to the Earth´s climate. A sound understanding of the economics of climate change is needed in order to underpin an effective global response to this challenge. The Stern Review is an independent, rigourous and comprehensive analysis of the economic aspects of this crucial issue. It has been conducted by Sir Nicholas Stern, Head of the UK Government Economic Service, and a former Chief Economist of the World Bank. The Economics of Climate Change will be invaluable for all students of the economics and policy implications of climate change, and economists, scientists and policy makers involved in all aspects of climate change.
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TL;DR: The Commission on Social Determinants of Health (CSDH) as mentioned in this paper was created to marshal the evidence on what can be done to promote health equity and to foster a global movement to achieve it.
7,335 citations
Stockholm Environment Institute1, Stockholm University2, Australian National University3, University of Alaska Fairbanks4, Université catholique de Louvain5, University of East Anglia6, Wageningen University and Research Centre7, Royal Swedish Academy of Sciences8, University of Oxford9, Potsdam Institute for Climate Impact Research10, James Cook University11, Arizona State University12, Royal Institute of Technology13, University of Minnesota14, University of Vermont15, Stockholm International Water Institute16, California State University San Marcos17, Goddard Institute for Space Studies18, Commonwealth Scientific and Industrial Research Organisation19, University of Arizona20, University of Copenhagen21, Max Planck Society22
TL;DR: In this article, the authors proposed a new approach to global sustainability in which they define planetary boundaries within which they expect that humanity can operate safely. But the proposed concept of "planetary boundaries" lays the groundwork for shifting our approach to governance and management, away from the essentially sectoral analyses of limits to growth aimed at minimizing negative externalities, toward the estimation of the safe space for human development.
Abstract: Anthropogenic pressures on the Earth System have reached a scale where abrupt global environmental change can no longer be excluded. We propose a new approach to global sustainability in which we define planetary boundaries within which we expect that humanity can operate safely. Transgressing one or more planetary boundaries may be deleterious or even catastrophic due to the risk of crossing thresholds that will trigger non-linear, abrupt environmental change within continental- to planetary-scale systems. We have identified nine planetary boundaries and, drawing upon current scientific understanding, we propose quantifications for seven of them. These seven are climate change (CO2 concentration in the atmosphere <350 ppm and/or a maximum change of +1 W m-2 in radiative forcing); ocean acidification (mean surface seawater saturation state with respect to aragonite ≥ 80% of pre-industrial levels); stratospheric ozone (<5% reduction in O3 concentration from pre-industrial level of 290 Dobson Units); biogeochemical nitrogen (N) cycle (limit industrial and agricultural fixation of N2 to 35 Tg N yr-1) and phosphorus (P) cycle (annual P inflow to oceans not to exceed 10 times the natural background weathering of P); global freshwater use (<4000 km3 yr-1 of consumptive use of runoff resources); land system change (<15% of the ice-free land surface under cropland); and the rate at which biological diversity is lost (annual rate of <10 extinctions per million species). The two additional planetary boundaries for which we have not yet been able to determine a boundary level are chemical pollution and atmospheric aerosol loading. We estimate that humanity has already transgressed three planetary boundaries: for climate change, rate of biodiversity loss, and changes to the global nitrogen cycle. Planetary boundaries are interdependent, because transgressing one may both shift the position of other boundaries or cause them to be transgressed. The social impacts of transgressing boundaries will be a function of the social-ecological resilience of the affected societies. Our proposed boundaries are rough, first estimates only, surrounded by large uncertainties and knowledge gaps. Filling these gaps will require major advancements in Earth System and resilience science. The proposed concept of "planetary boundaries" lays the groundwork for shifting our approach to governance and management, away from the essentially sectoral analyses of limits to growth aimed at minimizing negative externalities, toward the estimation of the safe space for human development. Planetary boundaries define, as it were, the boundaries of the "planetary playing field" for humanity if we want to be sure of avoiding major human-induced environmental change on a global scale.
4,771 citations
Cites background from "The Economics of Climate Change: Th..."
...This is a profound dilemma because the predominant paradigm of social and economic development remains largely oblivious to the risk of humaninduced environmental disasters at continental to planetary scales (Stern 2007)....
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...…at the continental to global scale, but may, through continuous decline of key ecological functions (such as carbon sequestration), cause functional collapses, generating feedbacks that trigger or increase the likelihood of a global threshold in other processes (such as climate change) (Fig....
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TL;DR: The most recent developments and emerging concepts in CO(2) separations by solvent absorption, chemical and physical adsorption, and membranes, amongst others, will be discussed, with particular attention on progress in the burgeoning field of metal-organic frameworks.
Abstract: The escalating level of atmospheric carbon dioxide is one of the most pressing environmental concerns of our age. Carbon capture and storage (CCS) from large point sources such as power plants is one option for reducing anthropogenic CO(2) emissions; however, currently the capture alone will increase the energy requirements of a plant by 25-40%. This Review highlights the challenges for capture technologies which have the greatest likelihood of reducing CO(2) emissions to the atmosphere, namely postcombustion (predominantly CO(2)/N(2) separation), precombustion (CO(2)/H(2)) capture, and natural gas sweetening (CO(2)/CH(4)). The key factor which underlies significant advancements lies in improved materials that perform the separations. In this regard, the most recent developments and emerging concepts in CO(2) separations by solvent absorption, chemical and physical adsorption, and membranes, amongst others, will be discussed, with particular attention on progress in the burgeoning field of metal-organic frameworks.
3,388 citations
Book•
01 Jan 2007TL;DR: In this article, the authors present an appropriate way to examine the economics of climate change, given the unique scientific and economic challenges posed, and suggest implications for emissions targets, policy instruments, and global action.
Abstract: �Greenhouse gas (GHG) emissions are exter nalities and represent the biggest market failure the world has seen. We all produce emissions, people around the world are already suffering from past emissions, and current emissions will have potentially catastrophic impacts in the future. Thus, these emissions are not ordinary, localized externalities. Risk on a global scale is at the core of the issue. These basic features of the problem must shape the economic analy sis we bring to bear; failure to do this will, and has, produced approaches to policy that are pro foundly misleading and indeed dangerous. The purpose of this lecture is to set out what I think is an appropriate way to examine the economics of climate change, given the unique scientific and economic challenges posed, and to suggest implications for emissions targets, policy instruments, and global action. The sub ject is complex and very wide-ranging. It is a subject of vital importance but one in which the economics is fairly young. A central challenge is to provide the economic tools necessary as
3,162 citations
Cites background or methods from "The Economics of Climate Change: Th..."
...Indeed, for h 5 and d 5 0, with positive growth the time integral is on the borderline of convergence (Stern 2007, 58)....
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...There are many paths for stabilization at a given level—see, for example, Stern Review Figure 8.2 (Stern 2007, 226)—but all of them are a similar shape to those shown (if a path peaks later it has to fall faster)....
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...…of the Stern Review, published on the Web in October/November 2006 (see http://www. sternreview.org.uk, including Postscript) and in book form (Stern 2007) a year ago, but goes beyond it in many important ways—in relation to subsequent policy discussions, new evidence and analysis, and…...
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...A choice among paths means also choosing the implied set of discount rates associated with the paths (Stern 2007, 27–3 ; for more on this issue see Cameron Hepburn 2006)....
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...The scale of markets for new technologies will be very large (IEA 2006); see also Samuel Fankhauser, Friedel Sehlleier, and Stern (2007) for an assessment of investment and employment opportunities, which are likely to be positive....
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