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Climate change: selected economic dimensions

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Abstract

The paper highlights several key economic issues of the climate change debate. Section I states the need to adopt a precautionary approach to the climate change challenge in the face of uncertainty; while Section II illustrates the key economic drivers of climate change. Section III provides an analysis of the economic gains and losses posed by climate change and the inequalities implied by the regional and sectoral distribution of these gains and losses; and Section IV explores potential economic tools for addressing climate change, namely emissions taxes, cap and trade regimes, command and control measures, research and scientific and technological development and land use policies. Section V looks briefly at options for the Caribbean to address climate change. Major recommendations for the Caribbean center on the conduct of further research on the economic impacts of climate change, the accelerated implementation of national adaptation and mitigation plans that need to be accompanied by national capacity assessments and resource mobilization strategies for funding the plans, increased energy efficiency, incentives for technology transfers and innovation, and greater efforts at implementing existing regional policy frameworks such as the Caribbean Disaster Management Framework. Section VI analyzes the key areas where the United Nations can play a critical role in addressing the economic impacts of climate change. The five areas identified center on: (a) Promotion of sustainable development and implementation of United Nations conventions and treaties; (b) Support to the development and transfer of energy-efficient and renewable energy technologies from developed to developing countries; (c) Facilitating international coordination and actions for the continued reduction and removal of greenhouse gas emissions from the atmosphere; (d) Mobilizing public opinion on the impacts of climate change and needed policy responses; and (e) Mobilizing finance for climate change adaptation and mitigation. Section VII concludes by highlighting the need to depart from “business as usual” approaches in order to address climate change.

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  • -, 2009. "Climate change: selected economic dimensions," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 27645, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
  • Handle: RePEc:ecr:col095:27645
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    File URL: http://repositorio.cepal.org/handle/11362/27645
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    References listed on IDEAS

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    1. Andrea Bigano & Jacqueline M. Hamilton & Richard S.J. Tol, 2005. "The Impact Of Climate Change On Domestic And International Tourism: A Simulation Study," Working Papers FNU-58, Research unit Sustainability and Global Change, Hamburg University, revised Jan 2005.
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    Cited by:

    1. Jano-Ito, Marco A. & Crawford-Brown, Douglas, 2016. "Socio-technical analysis of the electricity sector of Mexico: Its historical evolution and implications for a transition towards low-carbon development," Renewable and Sustainable Energy Reviews, Elsevier, vol. 55(C), pages 567-590.
    2. Jiang, Qiang & Grafton, R. Quentin, 2012. "Economic effects of climate change in the Murray–Darling Basin, Australia," Agricultural Systems, Elsevier, vol. 110(C), pages 10-16.
    3. Kwasi, Frimpong & Oosthuizen, Jacque & Etten, Eddie Van, 2014. "The Extent of Heat on Health and Sustainable Farming in Ghana –Bawku East," Sustainable Agriculture Research, Canadian Center of Science and Education, vol. 3(3).
    4. Ilan Noy, 2017. "To Leave or Not to Leave? Climate Change, Exit, and Voice on a Pacific Island," CESifo Economic Studies, CESifo, vol. 63(4), pages 403-420.
    5. repec:spr:endesu:v:19:y:2017:i:4:d:10.1007_s10668-016-9788-5 is not listed on IDEAS
    6. Haydar Demirhan & Kamil Demirhan, 2016. "A Bayesian approach for the estimation of probability distributions under finite sample space," Statistical Papers, Springer, vol. 57(3), pages 589-603, September.
    7. CISCAR MARTINEZ Juan Carlos & FEYEN Luc & SORIA RAMIREZ Antonio & LAVALLE Carlo & PERRY Miles & RAES Frank & NEMRY Francoise & DEMIREL Hande & RÓZSAI Máté & DOSIO Alessandro & DONATELLI Marcello & SRI, 2014. "Climate Impacts in Europe. The JRC PESETA II Project," JRC Working Papers JRC87011, Joint Research Centre (Seville site).
      • Ciscar, Juan-Carlos & Feyen, Luc & Soria, Antonio & Lavalle, Carlo & Raes, Frank & Perry, Miles & Nemry, Françoise & Demirel, Hande & Rozsai, Máté & Dosio, Alessandro & Donatelli, Marcello & Srivastav, 2014. "Climate Impacts in Europe - The JRC PESETA II Project," MPRA Paper 55725, University Library of Munich, Germany.
    8. repec:wsi:ccexxx:v:02:y:2011:i:04:n:s2010007811000334 is not listed on IDEAS
    9. repec:eee:appene:v:205:y:2017:i:c:p:1538-1547 is not listed on IDEAS

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