Spatial and temporal efficiency in climate policy: Applications of FUND

Tol, Richard S J (1999) Spatial and temporal efficiency in climate policy: Applications of FUND. Environmental and Resource Economics, 14 (1). pp. 33-49. ISSN 0924-6460

Full text not available from this repository.

Abstract

FUND is an integrated assessment model of the interactions between climate and economy. Nine world regions emit greenhouse gases, and suffer damages from climate change. A number of greenhouse gas emission reduction policies are compared, including optimal and cost-effective strategies, strategies with early and late abatement, and strategies with and without international co-operation. The analyses confirm that co-operation matters, resulting in substantially lower costs or higher welfare. The real commitments of policy targets based on an absolute level (e.g., 1990 emissions) are hard to estimate because of the uncertainties in the baseline. Postponing action conflicts with minimising costs and maximising welfare, but so does sharp emission reduction at the short-term as proposed in the Kyoto Protocol.

Item Type: Article
Schools and Departments: School of Business, Management and Economics > Economics
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences > GE170 Environmental policy
H Social Sciences > HB Economic theory. Demography
Related URLs:
Depositing User: Richard Tol
Date Deposited: 18 Apr 2012 11:44
Last Modified: 18 Apr 2012 11:44
URI: http://sro.sussex.ac.uk/id/eprint/38383
📧 Request an update