Thursday, November 01, 2007

Economists' Voice on "Global Climate Change"

A special issue on global climate change has jsut been released from Economists' Voice.

When economists such as Arrow and Stiglitz wade into a discussion it is worth listening.

Each paper can be downloaded if you register as a "guest".

Contents page is here:

Global Climate Change


Joseph Stiglitz (2006) "A New Agenda for Global Warming", The Economists' Voice: Vol. 3: No. 7, Article 3.

Joseph E. Stiglitz presents his plan for getting the United States and the Developing World to address global warming, and argues that by failing to address this problem, the United States is implicitly subsidizing energy usage and engaging in unfair trade practices.

Sheila M. Olmstead and Robert N. Stavins (2007) "A Meaningful Second Commitment Period for the Kyoto Protocol", The Economists' Voice: Vol. 4: No. 3, Article 1.

Robert Stavins and Sheila Olmstead propose ways to modify the Kyoto Protocol for its second commitment period (2012-2016) so that it will provide a way forward that is scientifically sound, economically rational, and politically pragmatic.

Kenneth J. Arrow (2007) "Global Climate Change: A Challenge to Policy", The Economists' Voice: Vol. 4: No. 3, Article 2.

Kenneth J. Arrow explains why something must be done to limit global warming even if the Stern Report inadequately discounted future costs.

Thomas C. Schelling (2007) "Climate Change: The Uncertainties, the Certainties and What They Imply About Action", The Economists' Voice: Vol. 4: No. 3, Article 3.

Thomas Schelling argues although the uncertainties regarding climate change are many, the certainties create certain urgencies and inaction is an extreme position; he emphasizes technological advance and governmental sponsorship.

Lawrence H. Goulder (2007) "California's Bold New Climate Policy", The Economists' Voice: Vol. 4: No. 3, Article 5.

Lawrence Goulder describes California's recent commitments addressing Global Climate Change and recommends that a cap-and-trade program play a key role in achieving the state's climate policy goals.

Scott Barrett (2007) "Proposal for a New Climate Change Treaty System", The Economists' Voice: Vol. 4: No. 3, Article 6.

The existing international agreements on climate change are inadequate, according to Scott Barrett, and a new approach is needed.

Joshua S. Gans (2007) "Do Voluntary Carbon Offsets Work?", The Economists' Voice: Vol. 4: No. 4, Article 7.

Voluntary purchases of offsets for carbon emissions have been criticized as potentially increasing emissions. However, Joshua S. Gans argues that even if offsets do increase the consumption of carbon intensive goods, net emissions will always fall because these goods will become less carbon intensive.

Rognvaldur Hannesson (2007) "Letter: The Other Problems with the Stern Report", The Economists' Voice: Vol. 4: No. 3, Article 4.

The Stern Report seems optimistic about the cost of emissions reductions, and does not seriously face the fact that stabilizing the climate could require keeping much of the world in poverty, according to Rognvaldur Hannesson.


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