Smart Solutions to Climate Change: Comparing Costs and Benefits

for milk production is around 3.5% of total EU 15 anthropogenic GHG emissions, of which a substantial share is related to CH4

as a stand-alone policy for climate change, a large-scale forestry sequestration program is close to, but it does not pass a B/C test.

Given that forecasts are imperfect, agents are constrained in many ways, and markets are often distorted – particularly in the areas that matter most for the effects of climate change such as water, food, energy, and health

a framework that explicitly models the connections between mitigation, climate change impacts, and adaptation is still missing.

Natural CH4 sources include wetlands, termites, oceans, and gas hydrates

carbon price signal is insufficient to induce the technology development investments required to limit global temperature increase, and that the technology-led policy will shift the bulk of technological decision making from the private sector to the public sector.

proper optimal mitigation paths (solution C)

10% loss of the monsoon-dependent production might add $4.5 billion to $9 billion to

we use the median, the mean, and the 90-percentile values calculated by Tol. The median SCC value is 48 $/tC, the mean 71 $/tC, and the 90-percentile is 170 $/tC.