IDEAS home Printed from https://ideas.repec.org/a/spr/climat/v121y2013i2p129-138.html
   My bibliography  Save this article

Are estimated costs of stringent mitigation biased?

Author

Listed:
  • Terry Barker
  • Douglas Crawford-Brown

Abstract

We take issue with the claim by Tavoni and Tol (Clim Chang 100:769–778, 2010 ) that reviews of the macroeconomic costs of achieving the 2 °C climate target have been affected by selection bias and have underestimated the costs. Although many more cost estimates are available in the literature, they have restricted their survey to the data in the EMF22 study, with a limited set of model solutions for the 2 °C target. They have applied the methodology of observational meta-analysis inappropriately to policy meta-analysis, where the number of results is often very small and the basis for imputing a statistical distribution does not usually exist. They have mixed direct costs with net costs in terms of %GDP. Their method of “correcting” for missing data with (high) costs of stringent mitigation could equally be applied to correcting the data for omission of mitigation options such as biomass energy with carbon capture so reducing the cost estimates. And finally they implicitly assume that the same policy combinations and mitigation options are applied for all climate scenarios, when more stringent scenarios may require more stringent policies and options, such as regulation or BECCS. The conclusion from the literature is more appropriately that the costs are highly uncertain, that they can equally be positive or negative (gains) and that models which fail to solve for stringent mitigations are not fit for purpose. Copyright Springer Science+Business Media Dordrecht 2013

Suggested Citation

  • Terry Barker & Douglas Crawford-Brown, 2013. "Are estimated costs of stringent mitigation biased?," Climatic Change, Springer, vol. 121(2), pages 129-138, November.
  • Handle: RePEc:spr:climat:v:121:y:2013:i:2:p:129-138
    DOI: 10.1007/s10584-013-0855-8
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s10584-013-0855-8
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1007/s10584-013-0855-8?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Terry Barker and Katie Jenkins, 2007. "The Costs of Avoiding Dangerous Climate Change: Estimates Derived from a Meta-Analysis of the Literature," Human Development Occasional Papers (1992-2007) HDOCPA-2007-02, Human Development Report Office (HDRO), United Nations Development Programme (UNDP).
    2. Malte Meinshausen & Nicolai Meinshausen & William Hare & Sarah C. B. Raper & Katja Frieler & Reto Knutti & David J. Frame & Myles R. Allen, 2009. "Greenhouse-gas emission targets for limiting global warming to 2 °C," Nature, Nature, vol. 458(7242), pages 1158-1162, April.
    3. Terry Barker & Jonathan Köhler & Marcelo Villena, 2002. "Costs of greenhouse gas abatement: meta-analysis of post-SRES mitigation scenarios," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 5(2), pages 135-166, June.
    4. Terry Barker & S. Serban Scrieciu & Tim Foxon, 2008. "Achieving the G8 50% target: modelling induced and accelerated technological change using the macro-econometric model E3MG," Climate Policy, Taylor & Francis Journals, vol. 8(sup1), pages 30-45, December.
    5. Button, Kenneth & Nijkamp, Peter, 1997. "Environmental Policy Assessment and the Usefulness of Meta-analysis," Socio-Economic Planning Sciences, Elsevier, vol. 31(3), pages 231-240, September.
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. van den Bergh, J.C.J.M. & Botzen, W.J.W., 2015. "Monetary valuation of the social cost of CO2 emissions: A critical survey," Ecological Economics, Elsevier, vol. 114(C), pages 33-46.
    2. Alexander R. Barron & Allen A. Fawcett & Marc A. C. Hafstead & James R. Mcfarland & Adele C. Morris, 2018. "Policy Insights From The Emf 32 Study On U.S. Carbon Tax Scenarios," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 9(01), pages 1-47, February.
    3. Massimo Tavoni & Richard Tol, 2013. "Counting only the hits—a rejoinder," Climatic Change, Springer, vol. 121(2), pages 139-141, November.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Simon Levin & Anastasios Xepapadeas, 2021. "On the Coevolution of Economic and Ecological Systems," Annual Review of Resource Economics, Annual Reviews, vol. 13(1), pages 355-377, October.
    2. Sam Fankhauser & Cameron Hepburn, 2009. "Carbon markets in space and time," GRI Working Papers 3, Grantham Research Institute on Climate Change and the Environment.
    3. Waldemar Karpa & Antonio Grginović, 2021. "(Not So) Stranded: The Case of Coal in Poland," Energies, MDPI, vol. 14(24), pages 1-16, December.
    4. Dai, Hancheng & Mischke, Peggy & Xie, Xuxuan & Xie, Yang & Masui, Toshihiko, 2016. "Closing the gap? Top-down versus bottom-up projections of China’s regional energy use and CO2 emissions," Applied Energy, Elsevier, vol. 162(C), pages 1355-1373.
    5. Portnov, B. A. & Etzion, Y., 2000. "Investigating the effects of public policy on the interregional patterns of population growth: the case of Israel," Socio-Economic Planning Sciences, Elsevier, vol. 34(4), pages 239-269, December.
    6. Audoly, Richard & Vogt-Schilb, Adrien & Guivarch, Céline & Pfeiffer, Alexander, 2018. "Pathways toward zero-carbon electricity required for climate stabilization," Applied Energy, Elsevier, vol. 225(C), pages 884-901.
    7. Laeven, Luc & Popov, Alexander, 2023. "Carbon taxes and the geography of fossil lending," Journal of International Economics, Elsevier, vol. 144(C).
    8. Gupta, Monika & Bandyopadhyay, Kaushik Ranjan & Singh, Sanjay K., 2019. "Measuring effectiveness of carbon tax on Indian road passenger transport: A system dynamics approach," Energy Economics, Elsevier, vol. 81(C), pages 341-354.
    9. Jin Xue & Hans Jakob Walnum & Carlo Aall & Petter Næss, 2016. "Two Contrasting Scenarios for a Zero-Emission Future in a High-Consumption Society," Sustainability, MDPI, vol. 9(1), pages 1-25, December.
    10. Agliardi, Elettra & Xepapadeas, Anastasios, 2022. "Temperature targets, deep uncertainty and extreme events in the design of optimal climate policy," Journal of Economic Dynamics and Control, Elsevier, vol. 139(C).
    11. Song Gao, 2015. "Managing short-lived climate forcers in curbing climate change: an atmospheric chemistry synopsis," Journal of Environmental Studies and Sciences, Springer;Association of Environmental Studies and Sciences, vol. 5(2), pages 130-137, June.
    12. Trowell, K.A. & Goroshin, S. & Frost, D.L. & Bergthorson, J.M., 2020. "Aluminum and its role as a recyclable, sustainable carrier of renewable energy," Applied Energy, Elsevier, vol. 275(C).
    13. Antoine GODIN & Emanuele CAMPIGLIO & Eric KEMP-BENEDICT, 2017. "Networks of stranded assets: A case for a balance sheet approach," Working Paper d51a41b5-00ba-40b4-abe6-5, Agence française de développement.
    14. Linnenluecke, Martina K. & Smith, Tom & McKnight, Brent, 2016. "Environmental finance: A research agenda for interdisciplinary finance research," Economic Modelling, Elsevier, vol. 59(C), pages 124-130.
    15. repec:sae:envval:v:26:y:2017:i:6:p:669-691 is not listed on IDEAS
    16. Schaeffer, Michiel & Gohar, Laila & Kriegler, Elmar & Lowe, Jason & Riahi, Keywan & van Vuuren, Detlef, 2015. "Mid- and long-term climate projections for fragmented and delayed-action scenarios," Technological Forecasting and Social Change, Elsevier, vol. 90(PA), pages 257-268.
    17. Adrian Amelung, 2016. "Das "Paris-Agreement": Durchbruch der Top-Down-Klimaschutzverhandlungen im Kreise der Vereinten Nationen," Otto-Wolff-Institut Discussion Paper Series 03/2016, Otto-Wolff-Institut für Wirtschaftsordnung, Köln, Deutschland.
    18. Adam Michael Bauer & Cristian Proistosescu & Gernot Wagner, 2023. "Carbon Dioxide as a Risky Asset," CESifo Working Paper Series 10278, CESifo.
    19. Diaz Anadon, Laura & Bosetti, Valentina & Chan, Gabriel & Nemet, Gregory & Verdolini, Elena, 2014. "Energy Technology Expert Elicitations for Policy: Workshops, Modeling, and Meta-analysis," Working Paper Series rwp14-054, Harvard University, John F. Kennedy School of Government.
    20. José Manuel & Luna Romo González, 2018. "The risk of climate change in financial markets and institutions: international challenges, measures and initiatives," Financial Stability Review, Banco de España, issue Spring.
    21. Sen, Suphi & von Schickfus, Marie-Theres, 2020. "Climate policy, stranded assets, and investors’ expectations," Journal of Environmental Economics and Management, Elsevier, vol. 100(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:climat:v:121:y:2013:i:2:p:129-138. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.