The Paris Agreement aims to mitigate the potential impacts of climate change on ecological and social systems. Using an ensemble of climate-marine ecosystem and economic models, we explore the effects of implementing the Agreement on fish, fishers, and seafood consumers worldwide. We find that implementing the Agreement could protect millions of metric tons in annual worldwide catch of top revenue-generating fish species, as well as billions of dollars annually of fishers’ revenues, seafood workers’ income, and household seafood expenditure. Further, our analysis predicts that 75% of maritime countries would benefit from this protection, and that ~90% of this protected catch would occur within the territorial waters of developing countries. Thus, implementing the Paris Agreement could prove to be crucial for the future of the world’s ocean ecosystems and economies.
We estimate the impact of utility cash rebates on the market share of ENERGY STAR appliances by exploiting the variation in timing and size of rebates across US states. We find that a dollar increase in the (population) weighted utility rebate raises the share of ENERGY STAR qualified clothes washers by 0.4%, but does not affect dishwasher and refrigerator shares. Using information on energy saved by an ENERGY STAR appliance and assuming a redemption rate of 40%, the cost per tonne of carbon saved is about $140 for the clothes washers rebate program. The corresponding cost of a megawatt hour saved (about $28) is lower than the estimated cost of building and operating an additional power plant and the average on-peak spot price. We conclude that ENERGY STAR clothes washers rebate program is, on average, a cost-effective way for utilities to reduce electricity demand.
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