Socio-economic aspects of the greenhouse effect: Climate Fund

Tol, R S J, van der Burg, T, Jansen, H M A and Verbruggen, H (1995) Socio-economic aspects of the greenhouse effect: Climate Fund. In: Zwerver, S, van Rompaey, R S A R, Kok, M T J and Berk, M M (eds.) Climate Change Research, Evaluation and Policy Implications. Elsevier, Amsterdam, pp. 1283-1288. ISBN 0166-1116

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The project Socio-economic aspects of the greenhouse effect: Climate fund studies the impact of international capital transfers on the efficiency and efficacy of greenhouse gas emission reduction. The absolute costs of emission abatement is substantially lower in less developed countries. The associated reduction of the damage due to conventional air pollution is higher in the richer countries in both absolute and relative terms. The costs of climatic change are relatively higher (but absolute lower) in the developing countries. Prime impacts are on agriculture (in the developing world) and human health (highly valued in the developed world). Costs of emission reduction and climatic change are joined in a nine region, quasi-Ramsey, integrated climate-economy model, called FUND, The first calculations with this model show that the (hardly known) dynamics of climate change and the great uncertainties play a critical role, that free riding behaviour need not be as prominent a problem as is generally believed, and that international capital transfers do not seem to substantially influence the optimal emission control, as the regions most interested in climate change do not have much capital to transfer. Negotiated emission caps are likely to alter this conclusion.

Item Type: Book Section
Schools and Departments: School of Business, Management and Economics > Economics
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences
H Social Sciences > HB Economic theory. Demography
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Depositing User: Richard Tol
Date Deposited: 23 Apr 2012 12:34
Last Modified: 30 Nov 2012 17:12
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