February 28, 2007
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A Guide to Information on Greenhouse Gases and Ozone Depletion
Published July 1988 through June 1999
FROM VOLUME 8, NUMBER 1, JANUARY 1995
"Optimal Carbon Emissions Trajectories When Damages Depend
on the Rate or Level of Global Warming," S.C. Peck (Electric
Power Res. Inst., 3412 Hillview Ave., Palo Alto CA 94303), T.J.
Teisberg, Clim. Change, 28(3), 289-314, Nov. 1994.
Model results show that optimal trajectories are affected more
by the degree of nonlinearity in the warming cost function than
by whether the cost function is driven by warming level or
warming rate. Uncertainty and risk aversion cause optimal
trajectories to be somewhat lower. Damages would have to be very
high to justify stabilizing emissions at the 1990 level.
from Energy Policy, 22(9), Sep. 1994:
"Energy Needs and CO2 Emissions: Constructing
a Formula for Just Distributions," O. Benestad (Ctr.
Develop. & Environ., Univ. Oslo, POB 1116 Blindern, N-0317
Oslo, Nor.), 725-734. Proposes an "equal burden"
formula for CO2 emissions based on John Rawl's theory
of justice. Quotas are given according to needs that can be
assessed for different sectors and different countries.
"George Bush Versus Al Gore: Irreversibilities in
Greenhouse Gas Accumulation and Emission Control
Investment," C.D. Kolstad (Dept. Econ., Univ. Calif., Santa
Barbara CA 93106), 771-778. Uses a stochastic version of the
Nordhaus DICE model to show that irreversibility of investment
capital has a stronger effect than irreversibility in climate
change. Policy makers should pursue control policies that are
costlessly reversible, a variant on the no regrets strategy.
EU Carbon/Energy Tax: Effects in a Distorted Energy Market,"
H. Birkelund (E. Norway Res. Inst., POB 1004 Skurva, N-2601
Lillehammer, Nor.), E. Gjelsvik, M. Aaserud, ibid., 22(8),
657-665, Aug. 1994.
Model results show that increased substitution of gas for coal
would have a significant impact on CO2 emissions,
would enhance the effect of a carbon tax, and would postpone an
increase in the tax to meet the stabilization target.
Deregulation of thermal power production could increase demand
for natural gas with or without a carbon tax.
"Pollution and Exhaustibility of Fossil Fuels," C.
Withagen (Dept. Math., Eindhoven Univ. Technol., POB 513, 5600 MB
Eindhoven, Neth.), Resour. & Energy Econ., 16(3),
235-242, Aug. 1994. Models the impact on the environment of
fossil fuel use, and derives the "optimal" rate of
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