Spatial and Temporal Efficiency in Climate Policy: Applications of FUND

Research output: Contribution to JournalArticleAcademicpeer-review

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.
Original languageEnglish
Pages (from-to)33-49
JournalEnvironmental and Resource Economics
Volume14
Issue number1
DOIs
Publication statusPublished - 1999

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environmental policy
greenhouse gas
cost
Kyoto Protocol
international cooperation
damage
climate change
climate
Climate policy
emission reduction
policy
Costs
Emission reduction
co-operation
economy
world
conflict
Damage
Greenhouse gas emissions
International cooperation

Cite this

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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.",
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Spatial and Temporal Efficiency in Climate Policy: Applications of FUND. / Tol, R.S.J.

In: Environmental and Resource Economics, Vol. 14, No. 1, 1999, p. 33-49.

Research output: Contribution to JournalArticleAcademicpeer-review

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AB - 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.

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DO - 10.1023/A:1008314205375

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JO - Environmental and Resource Economics

JF - Environmental and Resource Economics

SN - 0924-6460

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