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Cumulative Carbon Emissions and Climate Change: Has the Economics of Climate Policies Lost Contact with the Physics?

Subtitle:
OIES paper: EV57
Abstract:

Carbon dioxide (CO2) emissions are essentially cumulative in character; but much of the economic analysis and policy making in relation to the mitigation of CO2 emissions fails to reflect fully this fundamental feature of any analysis of the impact of emissions on climate. The cumulative and irreversible nature of CO2 emissions implies that a significantly heavier weight should attach to current as opposed to future emissions. Unfortunately current application of market-based approaches to ...

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Publication status:
Published
Peer review status:
Reviewed (other)
Version:
Publisher's version

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Institution:
University of Oxford
Research group:
Oxford Institute for Energy Studies
Publisher:
Oxford Institute for Energy Studies Publisher's website
Publication date:
2011
URN:
uuid:33c8b7f4-230f-48f8-a5d8-fd58266a16f5
Local pid:
ora:10289
ISBN:
978-1-907555-34-3

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