Advanced Search
MyIDEAS: Login to save this article or follow this journal

Low-Cost Strategies for Coping with CO2 Emission Limits (A Critique of "CO2 Emission Limits: an Economic Cost Analysis for the USA" by Alan Manne and Richard Richels)

Contents:

Author Info

  • Robert H. Williams
Registered author(s):

    Abstract

    Manne and Richels (Mann and Richels, 1990) have developed a useful modelling framework for evaluating the potential economic impacts of alternative strategies for coping with greenhouse warming. Their estimate is that the discounted present value of economic consumption losses arising from a 20% reduction in CO2 emissions through the next century is in the range of $0.8 to $3.6 trillion. This critique shows that the options for reducing CO2 emissions through energy demand reduction and energy supply shifts are much broader than those considered by Manne and Richels in the initial run of their model. The possibilities are so diverse with both present and future technologies, that the minimum CO2 emissions constraint penalty estimated by Mann and Richels may well prove to be too high - and the possibility of a negative penalty cannot be ruled out. Marine and Richels are correct in arguing that a vigorous R&D program is needed to keep economic consumption losses associated with constraints on CO2 emissions at low levels, and that waiting for clarification of the scientific issues relating to the greenhouse warning before launching such R&D efforts would be unwise, but the priorities for R&D implicit in the initial nun of their model are much too narrowly focused. As this analysis indicates, a much more broadly based energy R&D program is called for.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.iaee.org/en/publications/ejarticle.aspx?id=2024
    Download Restriction: Access to full text is restricted to IAEE members and subscribers.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by International Association for Energy Economics in its journal The Energy Journal.

    Volume (Year): Volume 11 (1990)
    Issue (Month): Number 4 ()
    Pages: 35-60

    as in new window
    Handle: RePEc:aen:journl:1990v11-04-a03

    Contact details of provider:
    Postal: 28790 Chagrin Blvd Ste 350, Cleveland, OH 44122, USA
    Phone: 216-464-5365
    Fax: 216-464-2737
    Email:
    Web page: http://www.iaee.org
    More information through EDIRC

    Order Information:
    Web: http://www.iaee.org/en/publications/ejsearch.aspx

    Related research

    Keywords:

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    1. Khanna, Madhu & Zilberman, David, 1999. "Freer markets and the abatement of carbon emissions: the electricity-generating sector in India," Resource and Energy Economics, Elsevier, vol. 21(2), pages 125-152, May.
    2. Darwin Hall, 1992. "Social cost of CO 2 abatement from energy efficiency and solar power in the United States," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 2(5), pages 491-512, September.
    3. Robert Ayres, 1994. "On economic disequilibrium and free lunch," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 4(5), pages 435-454, October.
    4. Boone, Laurence & Hall, Stephen & Kemball-Cook, David, 1996. "Endogenous technical progress in fossil fuel demand: The case of France," Journal of Policy Modeling, Elsevier, vol. 18(2), pages 141-155, April.
    5. Sue Wing, Ian, 2008. "Explaining the declining energy intensity of the U.S. economy," Resource and Energy Economics, Elsevier, vol. 30(1), pages 21-49, January.
    6. Ekins, Paul, 1996. "How large a carbon tax is justified by the secondary benefits of CO2 abatement?," Resource and Energy Economics, Elsevier, vol. 18(2), pages 161-187, June.
    7. Thierry Bréchet, 1999. "Working Paper 05-99 - SPOT : un modèle d'équilibre général appliqué de l’économie belge," Working Papers 9905, Federal Planning Bureau, Belgium.

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:aen:journl:1990v11-04-a03. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (David Williams).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.