Warming the world : economic models of global warming / William D. Nordhaus and Joseph Boyer.

Format:

Book

Author/Creator:

Nordhaus, William D.

Contributor:

Boyer, Joseph, 1969-

Language:

English

Subjects (All):

Global warming--Economic aspects--Mathematical models.

Global warming.

Economic development--Environmental aspects--Mathematical models.

Economic development.

Physical Description:

1 online resource (245 p.)

Edition:

1st ed.

Place of Publication:

Cambridge, MA : MIT Press, c2000.

Language Note:

English

Summary:

This book presents in detail a pair of models of the economics of climate change. The models, called RICE-99 (for the Regional Dynamic Integrated model of Climate and the Economy) and DICE-99 (for the Dynamic Integrated Model of Climate and the Economy) build on the authors' earlier work, particularly their RICE and DICE models of the early 1990s. Humanity is risking the health of the natural environment through a myriad of interventions, including the atmospheric emission of trace gases such as carbon dioxide, the use of ozone-depleting chemicals, the engineering of massive land-use changes, and the destruction of the habitats of many species. It is imperative that we learn to protect our common geophysical and biological resources. Although scientists have studied greenhouse warming for decades, it is only recently that society has begun to consider the economic, political, and institutional aspects of environmental intervention. To do so raises formidable challenges of data modeling, uncertainty, international coordination, and institutional design. Attempts to deal with complex scientific and economic issues have increasingly involved the use of models to help analysts and decision makers understand likely future outcomes as well as the implications of alternative policies. This book presents in detail a pair of models of the economics of climate change. The models, called RICE-99 (for the Regional Dynamic Integrated model of Climate and the Economy) and DICE-99 (for the Dynamic Integrated Model of Climate and the Economy) build on the authors' earlier work, particularly their RICE and DICE models of the early 1990s. They can help policy makers design better economic and environmental policies.

Contents:

Intro

Contents

List of Tables

List of Figures

Preface

I Developing the RICE and DICE Models

1 Introduction

2 The Structure and Derivation of RICE-99

3 Calibration of the Major Sectors

4 The Impacts of Climate Change

5 The DICE-99 Model

6 Computational Procedures

II Policy Applications of the RICE Model

7 Efficient Climate-Change Policies

8 Economic Analysis of the Kyoto Protocol

9 Managing the Global Commons

Appendix A: Equations of RICE-99 Model

Appendix B: Equations of DICE-99 Model

Appendix C: Variable List

Appendix D: GAMS Code for RICE-99, Base Case and Optimal Case

Appendix E: GAMS Code for DICE-99

References

Index.

Notes:

Bibliographic Level Mode of Issuance: Monograph

OCLC-licensed vendor bibliographic record.

Includes bibliographical references (p. [217]-226) and index.

ISBN:

1-282-09983-3

9786612099830

0-262-28074-4

1-4237-2605-7

OCLC:

614507628