The Social Cost of Carbon and its Policy Implications

Pearce, David

doi:10.1093/oxrep/19.3.362

Cited by 319 publications

(218 citation statements)

References 44 publications

Supporting

Mentioning

201

Contrasting

Unclassified

Order By: Relevance

“…The SCC measures the full global net economic impact today of emitting an incremental unit of carbon at some point of time in the future, and it includes the sum of the global cost of the damage it imposes the entire time it is in the atmosphere (Price et al 2007;Pearce 2003). The SCC attempts to capture how much society would be willing to pay to avoid damage from climate change in the future and still be as well off as they would be in the absence of climate change.…”

Section: Carbon Sequestration Valuationmentioning

confidence: 99%

The impact of climate change on California’s ecosystem services

et al. 2011

View full text Add to dashboard Cite

Ecosystem services play a crucial role in sustaining human well-being and economic viability. People benefit substantially from the delivery of ecosystem services, for which substitutes usually are costly or unavailable. Climate change will substantially alter or eliminate certain ecosystem services in the future. To better understand the consequences of climate change and to develop effective means of adapting to them, it is critical that we improve our understanding of the links between climate, ecosystem service production, and the economy. This study examines the impact of climate change on the terrestrial distribution and the subsequent production and value of two key ecosystem services in California: (1) carbon sequestration and (2) natural (i.e. nonirrigated) forage production for livestock. Under various scenarios of future climate change, Climatic Change (2011) 109 (Suppl 1):S465-S484

show abstract

Section: Carbon Sequestration Valuationmentioning

confidence: 99%

The impact of climate change on California’s ecosystem services

et al. 2011

View full text Add to dashboard Cite

show abstract

“…by monetising the environmental impact. As illustrated by Pearce (2002), this latter approach has opened a debate. On the one hand, it seems particularly valuable as it easily allows an assessment to be made strictly based on costs.…”

Section: Approaches For Evaluating the Trade-off Between Economic Andmentioning

confidence: 99%

“…Carbon dioxide is the oxidised form of carbon and it is the major greenhouse gas implicated in projections of global warming (Pearce 2002). The estimate of carbon emissions depends on the warehouse energy source(s).…”

Section: Environmental Impact Of Automated Warehouses: An Assessment mentioning

confidence: 99%

Incorporating the environmental dimension in the assessment of automated warehouses

Tappia

Marchet

Melacini

et al. 2015

Production Planning & Control

View full text Add to dashboard Cite

In today's competitive context, the paradigm of sustainable development is becoming more and more significant, also in warehousing. Managers are progressively considering not only purely economic aspects but also environmental concerns. Despite such consciousness, the selection of automated warehousing solutions has been mainly based on operational and economic performance in both practice and theory so far, whereas energy consumption and environmental performance have not been adequately taken into account. To fill this lack a model is proposed to evaluate the energy consumption and environmental impact of automated warehousing solutions. The model has been used to investigate whether the selection of automated solutions changes varying the dimensions involved in the analysis (i.e. only economic, only environmental or both). The analysis has been performed considering autonomous vehicle storage and retrieval systems (AVS/RSs) and its natural alternative, i.e. automated storage and retrieval systems (AS/RSs). Results confirm the importance of considering both dimensions in the assessment of automated warehouses, as depending on the scenario the technology selection shifts from AS/RS to AVS/RS when considering not only the economic but also the environmental impact. Additionally, this study provides new insights on the suitability areas of AVS/RSs.

show abstract

“…A deep policy was regularly defined as one assuring that CO 2 e-concentrations 1 in the atmosphere did not exceed a doubling (from pre-industrial 280 to 560 ppm, believed to involve a global warming of some 2°C). Since the early 1990s and at least until 2004, most studies concurred that the undiscounted annual costs and benefits were of roughly equal magnitude, in the range of 2 ± 1% of global GDP over the twenty first century (Cline 1992(Cline , 2004IPCC 1996IPCC , 2001Pearce 2003). Given that the costs would have to be incurred in the near future while the benefits would emerge with several decades delay, a deep climate policy was hard to motivate economically even when very low discount rates were employed to assess the present values of costs and benefits.…”

Section: Immediate Deep Action To Stabilize the Climate Or Else…mentioning

confidence: 99%

The Fallacies of Concurrent Climate Policy Efforts

Radetzki

2010

AMBIO

View full text Add to dashboard Cite

Climate policy has assumed an extreme degree of urgency in the international debate in recent years. This article begins by taking a critical look at the scientific underpinnings of the efforts to stabilize the climate. It points to several serious question marks on the purported relationship between greenhouse gas emissions and global warming, and expresses distrust about claims of impending catastrophes related to rising sea levels, hurricanes, and spread of infectious disease. It then reviews the concurrent climate policy efforts and concludes that they are incoherent, misguided and unduly costly, and that they have so far had no perceptible impact on anthropogenic greenhouse gas emissions. The exceedingly ambitious policy plans currently under preparation suffer from similar fallacies. For these reasons, but also because of the remaining scientific doubts and the exorbitant costs that have to be incurred, skepticism is expressed about the preparedness to implement the climate policy plans currently on the table.

show abstract

The Social Cost of Carbon and its Policy Implications

Abstract: am indebted to Richard Tol of the University of Hamburg for comments on an earlier draft.

Cited by 319 publications

References 44 publications

The impact of climate change on California’s ecosystem services

The impact of climate change on California’s ecosystem services

Incorporating the environmental dimension in the assessment of automated warehouses

The Fallacies of Concurrent Climate Policy Efforts

Contact Info

Product

Resources

About