Decarbonising the world's economy : assessing the feasibility of policies to reduce greenhouse gas emissions / editors, Terry Barker, Douglas Crawford-Brown.

Format:

Book

Author/Creator:

Barker, Terry.

Contributor:

Barker, Terry, editor.

Crawford-Brown, Douglas J., editor.

Language:

English

Subjects (All):

Carbon dioxide mitigation--Economic aspects.

Carbon dioxide mitigation.

Emissions trading.

Carbon offsetting.

Environmental policy--Economic aspects.

Environmental policy.

Climatic changes--Economic aspects.

Climatic changes.

Energy policy--Environmental aspects.

Energy policy.

Physical Description:

1 online resource (374 p.)

Place of Publication:

London, [England] : Imperial College Press, 2015.

Language Note:

English

Summary:

Too often amongst policy makers and thought leaders an assumption is made that we must make a choice between tackling climate change and having a strong economy; tackling climate change and allowing poorer nations to develop; tackling climate change and having a secure energy system. However, a decade of advanced modelling tested against historical data has provided wide evidence that well-chosen policies can be implemented that avoid these apparent either/or choices. This highly interdisciplinary book provides an overview of potential pathways for the decarbonisation of the global economy. By

Contents:

Contents; Introduction; Chapter 1 The Case for Decarbonisation; 1.1. Introduction to the Science of Climate Change Risk; 1.2. Ethical, Political and Legal Considerations in Decarbonisation; 1.3. Conclusions; References; Chapter 2 Policies and Measures for Mitigating Climate Change; 2.1. Introduction; 2.2. Classifying Policy Instruments; 2.3. National versus International Policies; 2.4. Regulatory Standards: Command and Control Instruments; 2.5. Market-based Instruments; 2.5.1. Taxation and removal of subsidies; 2.5.2. Emissions trading or carbon markets; 2.6. Financial Instruments

2.6.1. Domestic financial mechanisms2.6.2. International financial mechanisms; 2.7. The Policy Mix and Interactions between Policies; References; Chapter 3 Scenario Design for a Global Low-carbon Economy; 3.1. Introduction to the Scenario Review; 3.1.1. The role of scenarios; 3.1.2. A framework for environmental issues; 3.1.3. Reference and low-carbon scenarios; 3.2. The SRES and IPCC AR5 Scenarios in the Context of Global Low-carbon Scenarios; 3.2.1. Overview; 3.2.2. SRES main features; 3.2.3. SRES in the context of new low-carbon scenarios; 3.2.4. Methodological issues in the SRES scenarios

3.2.5. Disagreements with specific assumptions of the SRES scenarios3.2.6. The new AR5 scenarios; 3.3. The IEA Scenarios; 3.3.1. The World Energy Outlook 2008, 2009 and 2010; 3.3.2. Energy Technology Perspectives 2010; 3.3.3. Criticisms of the IEA scenarios; 3.4. Previous E3MG Scenarios; 3.5. Scenarios Design for Modelling a Low-carbon Economy; 3.5.1. Learning from past scenarios; 3.5.2. The driving forces; 3.6. E3MG Emission Scenarios for this Book; 3.6.1. The Reference Scenario; 3.6.2. The decarbonisation scenario; 3.6.3. The policies evaluation scenarios; References

Chapter 4 Modelling Decarbonisation Scenarios4.1. Modelling Decarbonisation; 4.2. Modelling the Costs and Benefits of Mitigation; 4.2.1. The use of GDP to measure costs; 4.3. Literature on Decarbonising the Economy to Achievethe 2°C Target; 4.3.1. Failure to take account of induced technological change adequately; 4.3.1.1. ITC in top-down economic models; 4.3.1.2. The crowding out of low-GHG R&D and investment; 4.3.2. Omission of critical opportunities for substitution (e.g. electric for petrol-powered vehicles)

4.3.3. Low substitution elasticities for fossil fuel energy use in response to relative price effects4.3.4. Omission of regulatory and other instruments in the model (e.g. no regulation on standards for energy efficiency); 4.3.4.1. Modelling portfolios of policies; 4.3.5. Conclusions from the literature on stringent decarbonisation; 4.4. The Modelling Approach used for this Study; 4.4.1. A short description of E3MG; 4.5. The Ability of E3MG to Fit the Past; 4.6. Developing the Reference and Decarbonisation Scenarios; 4.6.1. Using E3MG to model emissions trading schemes for the energy sector

4.6.2. The world oil price, decarbonisation and the global energy market

Notes:

Description based upon print version of record.

Includes bibliographical references at the end of each chapters and index.

Description based on print version record.

ISBN:

1-78326-512-4