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Extensions and alternatives to climate change impact valuation: on the critique of IPCC Working Group III's impact estimates

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Author Info
FANKHAUSER, SAMUEL
TOL, RICHARD S.J.
PEARCE, DAVID W.

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Abstract

The paper discusses valuation issues in the context of climate change impact estimation. Issues addressed are aggregation of damage costs over diverse regions (particularly equity-weighting), differentiation of per-unit values, willingness to pay versus willingness to accept compensation as a basis for valuation, and accountability for impacts. Numerical illustrations show that the damage cost estimates are quite sensitive to the assumptions made on these issues.

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File URL: http://journals.cambridge.org/abstract_S1355770X98000047
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Publisher Info
Article provided by Cambridge University Press in its journal Environment and Development Economics.

Volume (Year): 3 (1998)
Issue (Month): 01 (February)
Pages: 59-81
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Handle: RePEc:cup:endeec:v:3:y:1998:i:01:p:59-81_00

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  1. Onno J. Kuik & Barbara Bucher & Michela Catenacci & Etem Karakaya & Richard S.J. Tol, 2006. "Methodological aspects of recent climate change damage cost studies," Working Papers FNU-122, Research unit Sustainability and Global Change, Hamburg University, revised Dec 2006. [Downloadable!]
  2. David Anthoff & Richard S.J. Tol, 2007. "On International Equity Weights and National Decision Making on Climate Change," Working Papers 2007.55, Fondazione Eni Enrico Mattei. [Downloadable!]
    Other versions:
  3. Wietze Lise & Richard S.J. Tol, 2000. "Impact of Climate on Tourist Demand," Working Papers FNU-1, Research unit Sustainability and Global Change, Hamburg University, revised Aug 2000. [Downloadable!]
  4. Richard S.J. Tol, 2002. "Climate, Development And Malaria: An Application Of Fund," Working Papers FNU-16, Research unit Sustainability and Global Change, Hamburg University, revised Sep 2002. [Downloadable!]
  5. Richard S.J. Tol & Samuel Fankhauser & Richard G. Richels & Joel B. Smith, 2000. "How Much Damage Will Climate Change Do? Recent Estimates," Working Papers FNU-2, Research unit Sustainability and Global Change, Hamburg University, revised Sep 2000. [Downloadable!]
  6. Richard S.J. Tol, 2004. "Exchange Rates And Climate Change: An Application Of Fund," Working Papers FNU-45, Research unit Sustainability and Global Change, Hamburg University, revised Jun 2004. [Downloadable!]
  7. Toman, Michael & Shogren, Jason, 2000. "Climate Change Policy," Discussion Papers dp-00-22, Resources For the Future. [Downloadable!]
  8. Richard S.J. Tol, 2003. "The Marginal Costs Of Carbon Dioxide Emissions: An Assessment Of The Uncertainties," Working Papers FNU-19, Research unit Sustainability and Global Change, Hamburg University, revised Apr 2003. [Downloadable!]
  9. Toman, Michael, 2003. "Economic Analysis and the Formulation of U.S. Climate Policy," Discussion Papers dp-02-59, Resources For the Future. [Downloadable!]
  10. Samuel Fankhauser & Richard Tol & DAVID Pearce, 1997. "The Aggregation of Climate Change Damages: a Welfare Theoretic Approach," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 10(3), pages 249-266, October. [Downloadable!] (restricted)
  11. Richard S.J. Tol & Thomas E. Downing & Samuel Fankhauser & Richard G. Richels & Joel B. Smith, 2001. "Progress In Estimating The Marginal Costs Of Greenhouse Gas Emissions," Working Papers FNU-4, Research unit Sustainability and Global Change, Hamburg University, revised Jan 2001. [Downloadable!]
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