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Titlebook: Climate Change, Climate Science and Economics; Prospects for an Alt G. Cornelis van Kooten Book 2013 Springer Science+Business Media Dordre

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How Economists Measure Wellbeing: Social Cost-Benefit Analysis,metimes incorrectly applied. Since costs are incurred and benefits accrue at different times, an aggregation of costs and benefits requires that they be discounted to the present period (or compounded to a common future time) using a discount rate. The controversy as to which discount rate (or rates
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Implementing Policy,its, from profits accruing to financial intermediaries, and from sale of dubious certificates or carbon offsets. The European Union’s Emissions Trading System, failed efforts by the U.S. Congress to agree on carbon legislation, and other cases are discussed. Regulation and subsidies play a dominant
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Economic Growth, Energy and Climate Change,d/or promote generation of electricity from renewable sources. Lessons from biofuel programs, and an economic analysis of feed-in tariffs for electricity, indicate that they are not only expensive but generally ineffective. Despite the setback caused by the near meltdown of the Fukushima nuclear pow
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Climate Change Policy Encounters the Real World,wing it in much the same way as earlier concerns about resource scarcity, population growth and the potential adverse impact that humans have on the environment. From this perspective, global warming is an environmental issue and much less a scientific one. The only real difference would seem to be
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Revisiting Napoleon’s Continental Systems, but that this is not true of temperatures derived from satellite data. The chapter ends by examining the potential for replacing traditional crop insurance, and its inherent drawbacks (adverse selection and moral hazard), with financial weather-based derivatives.
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