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

By Felix R. FitzRoy, Elissaios Papyrakis

Curiosity in weather switch has generated a mountain of literature leaving many floundering within the sheer flood of data, remark, claims and tasks. This hugely available publication assumes no previous wisdom and cuts throughout the confusion to provide an explanation for the most important monetary and coverage matters with regards to weather swap in easy language and with just a couple of information. assurance slices around the breadth and intensity of weather swap, offering brief summaries of the main appropriate learn and conclusions from a number of disciplines. The authors spotlight the place economists and coverage makers mostly misunderstand the technological know-how of weather switch, underestimate the hazards of runaway warming and exaggerate the prices of radical measures to stabilize the weather. A key concentration is the influence of weather swap on global agriculture, the world's most crucial job. The authors supply a severe exam of the way present rules that advertise terrible water utilization and soil erosion are risking a catastrophic cave in of agriculture within the poorest and such a lot populous international locations in a warming global. they appear on the options corresponding to how no-till, conservation farming, 3rd new release biofuels from waste land, substitute power, and bio-char construction to elevate sustainable yields, decrease emissions and sequester carbon in soil. the second one, the most important thrust is a severe exam of the expansion financial system paradigm of wealthy international locations that's using weather switch. The authors examine fiscal measures to regulate 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 presents a finished, serious advent to the problems and highlights the most guidelines which are had to begin the transformation to sustainability and steer clear of the worst dangers of weather disaster.

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While not denying the current warming, ‘Lindzen claims that because we don’t know what the ideal temperature of the planet should be, we shouldn’t be concerned about global warming’, as RealClimate summarizes. 21 While journalists who participate in the denial campaign may be illinformed or obtuse, and most are certainly scientifically illiterate, the qualified individuals who are deliberately confusing and misleading public opinion share a grave moral responsibility for obstructing global justice and life-saving policies.

These include the insurance motive to provide for old age, the need for family labour in subsistence agriculture, lack of access to contraception, and the lack of education, cultural status and job-market opportunities for women. Rising temperatures and more frequent droughts in much of the developing world will interact with growing populations to exacerbate all the above problems and reduce overall food supply. At the same time, growing demand for meat by the urban middle classes increases the pressure for overgrazing of marginal pasture lands, which encourages wind and water erosion, soil loss, and often irreversible degradation and desertification.

23 Many of the IPCC’s predictions are now seriously outdated, though they are still regularly cited by policymakers in support of their ambitious sounding, but actually far too late targets, such as the 80 per cent reduction of emissions only by 2050. Unless rapid mitigation starts much sooner than in official targets, the feedback effects are likely to overwhelm later efforts and render subsequent stabilization of the climate enormously costly if not unattainable. As we show in the following chapter, water shortages and soil erosion are already threatening food production in many areas.

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