Descriptive, prescriptive and second-best approaches to the control of global greenhouse gas emissions

Shiell, Leslie

doi:10.1016/s0047-2727(01)00218-3

Cited by 14 publications

(18 citation statements)

References 17 publications

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“…However, the quantitative results in these papers are based on a stylised two region model, and hence do not provide reliable estimates of global damages. Shiell (2003) calculates optimal global greenhouse gas emissions under various ethical assumptions, including different weights for different world regions.…”

Section: Previous Literaturementioning

confidence: 99%

Equity weighting and the marginal damage costs of climate change

Anthoff

Hepburn

Tol

2009

Ecological Economics

180

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in Equity Weighting and the Marginal Damage Costs of Climate Change SummaryClimate change would impact different countries differently, and different countries have different levels of development. Equity-weighted estimates of the (marginal) impact of greenhouse gas emissions reflect these differences. Equity-weighted estimates of the marginal damage cost of carbon dioxide emissions are substantially higher than estimates without equity-weights; equity-weights may also change the sign of the social cost estimates. Equity weights need to be normalised. Our estimates differ by two orders of magnitude depending on the region of normalisation. A discounting error of equity weighted social cost of carbon estimates in earlier work (Tol, Energy Journal, 1999), led to an error of a factor two. Equity-weighted estimates are sensitive to the resolution of the impact estimates. Depending on the assumed intra-regional income distribution, estimates may be more than twice as high if national rather than regional impacts are aggregated. The assumed scenario is important too, not only because different scenarios have different emissions and hence warming, but also because different scenarios have different income differences, different growth rates, and different vulnerabilities. Because of this, variations in the assumed inequity aversion have little effect on the marginal damage cost in some scenarios, and a large effect in other scenarios.

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Section: Previous Literaturementioning

confidence: 99%

Equity weighting and the marginal damage costs of climate change

Anthoff

Hepburn

Tol

2009

Ecological Economics

180

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“…Tol's means are significantly higher than the other values reported in Table 2, those of Nordhaus and Boyer (2000) and Shiell (2003). This outcome reflects, among other things, the distinction discussed above between business-as-usual and optimal control scenarios.…”

Section: Iiithe Costs Of Climate Changementioning

confidence: 51%

Global Warming Damages and Canada's Oil Sands

Shiell¹,

Loney²

2007

Canadian Public Policy

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The social net benefit of energy investments differs from private profitability by the value of environmental damages, among other things. Estimates of damages associated with greenhouse gas emissions are obtained from the literature, ranging from $15 to $64 ($C 2004) per tonne of carbon. These values are shown to be equivalent to $2 -$8 per barrel of crude oil obtained from Canada's oil sands, based on emissions intensities of Suncor Energy Inc. It is estimated that taking these costs into account would lower the social net benefit of Suncor's oil sands production for 2004 -2005 by a central value of 18 %.(JEL Q5; keywords: environmental damages, greenhouse gas emissions, oil sands) RésuméLe bénéfice social des investissements dans le secteur énergétique diffère du profit privé par la valeur des dommages environnementaux qui y sont liés. Des valeurs estimées pour les dommages associés aux émissions de gaz à effets de serre sont tirées de la littérature, ce qui donne un intervalle de 15$ à 64$ (C$ 2004) par tonne du carbone. Ces valeurs équivalent à 2$ -8$ par baril de pétrole brut en provenance des sables bitumineux, calcul basé sur l'intensité des émissions de Suncor Energy Inc. En tenant compte de ces dommages, le bénéfice net social de Suncor lié à ses activités de sables bitumineux est réduit par une valeur médiane de 18 % en 2004 -2005. (JEL Q5; mots clés: les dommages environnementaux, les gaz à effet de serre, les sables bitumineux) 1 Natural Resources Canada, Energy Branch, Analysis and Modeling Group, personal communication. 2 Canadian Association of Petroleum Producers, personal communication.

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“…As mentioned above, found that damage estimates are sensitive to the inequality aversion. This is further confirmed in Shiell (2003) who calculates optimal global greenhouse gas emissions under various inter-and intragenerational equity assumptions including discounting and different equity weights for different world regions. She finds that the traditional conflict between ethical approaches (prescriptive) and market approaches (descriptive) can be significantly moderated with the introduction of another dimension of equity, namely the inequality aversion parameter in the utility functions.…”

Section: Equity Principles Of Burden Sharingmentioning

confidence: 63%

Equity and Justice in Global Warming Policy

Kverndokk¹,

Rose

2008

IRERE

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Many countries are implementing or at least considering policies to counter increasingly certain negative impacts from climate change. A large amount of research has been devoted to the analysis of the costs of climate change and its mitigation, as well as to the design of policies, such as the international Kyoto Protocol, post-Kyoto negotiations, regional initiatives, and unilateral actions. Although most studies on climate change policies in economics have focused on efficiency aspects, there is a growing literature on equity and justice.Climate change policy has important dimensions of distributive justice, both within and across generations, but in this paper we survey only studies on the intragenerational aspect. We cover several domains including the international, regional, national, sectoral and inter-personal, and examine aspects such as the distribution of burdens from climate change, climate change policy negotiations in general, implementation of climate agreements using tradable emission permits, and the uncertainty of alternatives to emission reductions.

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Descriptive, prescriptive and second-best approaches to the control of global greenhouse gas emissions

Cited by 14 publications

References 17 publications

Equity weighting and the marginal damage costs of climate change

Equity weighting and the marginal damage costs of climate change

Global Warming Damages and Canada's Oil Sands

Equity and Justice in Global Warming Policy

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