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Costs of Reducing Global Carbon Emissions

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  • John P. Weyant
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    Abstract

    Projecting the costs of reducing carbon emissions is extremely important, and exceedingly difficult. Such projections are an integral component of cost-benefit analyses of alternative policies in response to climate change. This paper first discusses the key dimensions of any projection of the cost of reducing carbon emissions. Then it discusses the projections that have been made, including long-, medium- and short-range time horizons. Finally, the conclusion summarizes what we know and don't know about the costs of controlling carbon emissions and recommends an agenda for future research.

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    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/jep.7.4.27
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    Bibliographic Info

    Article provided by American Economic Association in its journal Journal of Economic Perspectives.

    Volume (Year): 7 (1993)
    Issue (Month): 4 (Fall)
    Pages: 27-46

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    Handle: RePEc:aea:jecper:v:7:y:1993:i:4:p:27-46

    Note: DOI: 10.1257/jep.7.4.27
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    1. Boero, G. & Clarke, R. & Winters, L.A., 1991. "Controlling Greenhouse Gases: A Survey of Global Macroeconomic Studies," Discussion Papers 91-25, Department of Economics, University of Birmingham.
    2. Giuseppe Nicoletti & Joaquim Oliveira Martins, 1992. "Global Effects of the European Carbon Tax," OECD Economics Department Working Papers 125, OECD Publishing.
    3. William R. Cline, 1992. "Economics of Global Warming, The," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 39.
    4. Alan Manne & Richard Richels, 1992. "Buying Greenhouse Insurance: The Economic Costs of CO2 Emission Limits," MIT Press Books, The MIT Press, edition 1, volume 1, number 026213280x, December.
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    As found on the RePEc Biblio, the curated bibliography for Economics:
    1. > Environmental and Natural Resource Economics > Climate economics
    2. > Environmental and Natural Resource Economics > Climate economics > Abatement costs
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