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Costs of Reducing Global Carbon Emissions

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  • John P. Weyant

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.

Suggested Citation

  • John P. Weyant, 1993. "Costs of Reducing Global Carbon Emissions," Journal of Economic Perspectives, American Economic Association, vol. 7(4), pages 27-46, Fall.
  • 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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    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/jep.7.4.27
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    References listed on IDEAS

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    1. Clarke, Rosemary & Boero, Gianna & Winters, L Alan, 1996. "Controlling Greenhouse Gases: A Survey of Global Macroeconomic Studies," Bulletin of Economic Research, Wiley Blackwell, vol. 48(4), pages 269-308, October.
    2. Giuseppe Nicoletti & Joaquim Oliveira Martins, 1992. "Global Effects of the European Carbon Tax," OECD Economics Department Working Papers 125, OECD Publishing.
    3. 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, January.
    4. William R. Cline, 1992. "Economics of Global Warming, The," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 39.
    Full references (including those not matched with items on IDEAS)

    More about this item

    JEL classification:

    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water

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