New PDF release: An Introduction to Climate Change Economics and Policy

By Felix R. FitzRoy, Elissaios Papyrakis

ISBN-10: 1844078094

ISBN-13: 9781844078097

ISBN-10: 1844078108

ISBN-13: 9781844078103

Curiosity in weather switch has generated a mountain of literature leaving many floundering within the sheer flood of data, observation, claims and tasks. This hugely available e-book assumes no past wisdom and cuts throughout the confusion to provide an explanation for the major financial and coverage matters with regards to weather switch in uncomplicated language and with just a couple of records. assurance slices around the breadth and intensity of weather switch, offering brief summaries of the main correct study and conclusions from a number of disciplines. The authors spotlight the place economists and coverage makers usually misunderstand the technology of weather swap, underestimate the hazards of runaway warming and exaggerate the prices of radical measures to stabilize the weather. A key concentration is the impression of weather swap on international agriculture, the world's most vital job. The authors supply a severe exam of ways present rules that advertise bad water utilization and soil erosion are risking a catastrophic cave in of agriculture within the poorest and such a lot populous nations in a warming international. they give the impression of being on the ideas equivalent to how no-till, conservation farming, 3rd iteration biofuels from waste land, substitute power, and bio-char construction to elevate sustainable yields, decrease emissions and sequester carbon in soil. the second one, an important thrust is a severe exam of the expansion economic climate paradigm of wealthy international locations that's using weather switch. The authors examine fiscal measures to manage weather swap together with switching taxes from hard work to carbon and subsidies from fossil and nuclear power to renewable choices in addition to call for administration and effort saving. total the publication offers a finished, serious advent to the problems and highlights the most rules which are had to begin the transformation to sustainability and keep away from the worst dangers of weather disaster.

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Extra resources for An Introduction to Climate Change Economics and Policy

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The high-input technology is in any case unaffordable for the poorest farmers, and will become even less viable as fuel prices return to their long-term rising trend. Instead, as we show below, conservation agriculture is the only feasible alternative for sustainable productivity gains and resilience to climate change. 19 China has become a major grain importer, as poor yields under worsening water shortages in the north and west have reduced domestic harvests and reserves. 20 There is ongoing strong pressure on LDCs such as Brazil to continue expanding cropland by destroying tropical rainforest or ploughing up the Cerrado – arid savannah with extraor- 34 AN INTRODUCTION TO CLIMATE CHANGE ECONOMICS AND POLICY dinarily high biodiversity.

Rising death rates among bees around the world and the spread of ‘colony collapse disorder’ may have various causes, including parasites. 6 While world grain output per head of population has been declining for 20 years, surpluses in the most developed countries have been maintained with the help of about 300 billion US dollars in annual subsidies, or six times the world’s aid budget. As Nobel Prize-winning economist Joseph Stiglitz explains: When farming becomes more lucrative because of the subsidies, the demand for land is increased, driving up the price.

24 Since industrialized agriculture, food manufacture and retailing account for about 20 per cent of carbon emissions in advanced economies, energy saving in this sector, in addition to carbon capture in soil, could substantially reduce emissions of carbon. Globally, soils contain around twice as much carbon as the atmosphere or terrestrial vegetation, and according to the IPCC, agricultural land use contributes about 12 per cent of global carbon emissions. Halting (mainly tropical) deforestation would reduce emissions by about 20 per cent, so agriculture and forestry together have the potential to make a major contribution to mitigation for the next few decades, as well as reducing input costs, while the more expensive switch to clean energy production is completed.

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An Introduction to Climate Change Economics and Policy by Felix R. FitzRoy, Elissaios Papyrakis

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