Future Inequality in CO2 Emissions and the Projected Impact of Abatement Proposals


Book Description

Under business-as-usual projections to the year 2100, inequality in per capita carbon emissions is likely to decline-but slowly. Targeted reductions should be effective in reducing not only total emissions but emissions inequality. Heil and Wodon analyze inequality in future carbon emissions using a group decomposition of the Gini index. Business-as-usual projections to the year 2100 for 135 countries show inequality in per capita emissions declining, but slowly. They also measure the impact on emissions levels and inequality of the Kyoto Protocol and other abatement proposals for Annex II (non-Eastern European high income) countries in 2010, focusing on the their gap-narrowing and reranking effects. Per capita emissions of Annex II and non-Annex II countries will probably not be substantially reranked unless the Annex II countries reduce their emissions by at least half (from 1990 levels) and emissions from non-Annex II countries continue growing unabated. This paper-a product of the Poverty Reduction and Economic Management Sector Unit, Latin America and Caribbean Region-is part of a larger effort in the region to analyze the implications of economic growth. The author may be contacted at [email protected].




Climate Change and Urban Settlements


Book Description

Climate change and urbanization are two of the greatest challenges facing humanity in the 21st century, and their effects are converging in dangerous ways. Cities contribute significantly to global warming, and as the world further takes a rural-urban population tilt, the next few decades pose a great challenge in addressing global disparities in the access and allocation of carbon. This book explores the ways in which cities, through their spatial development, contribute to greenhouse gas (GHG) emissions and looks at the ways in which rapidly urbanizing cities in low- and middle-income countries can be planned to reduce overall GHG emissions. The book considers key questions such a: What should be the appropriate economies of scale for cities in a country? What is the most favourable rate of urbanization? What should be the most suitable spatial pattern for a city? And what are appropriate regulatory, economic or governance mechanisms to achieve a low-carbon society? These issues are explored through data analysis of over 156 developing countries and through a specific case study of India. India acts as an interesting example of how societies undergoing rural-to-urban transformations could become green within the planetary boundaries while systematically addressing national and local urban governance. The research concludes with a future pathway that is committed to low-carbon and high-equity spatial development, and will find pertinence to researchers and practitioners alike. This book provides a new tool for policymakers, planners and scholars to rationally and equitably account for global carbon space, prioritize low-carbon strategies for national urbanization and planning individual cities, in addition to recommending an urban governance framework inclusive of green agenda.




Climate Change 2014


Book Description




Future Inequality in Carbon Dioxide Emissions and the Projected Impact of Abatement Proposals


Book Description

Under business-as-usual projections to the year 2100, inequality in per capita carbon emissions is likely to decline - but slowly. Targeted reductions should be effective in reducing not only total emissions but emissions inequality. Heil and Wodon analyze inequality in future carbon emissions using a group decomposition of the Gini index. They also measure the impact on emissions levels and inequality of the Kyoto Protocol and other abatement proposals for Annex II (non-Eastern European high income) countries in 2010, focusing on the their gap-narrowing and reranking effects. Per capita emissions of Annex II and non-Annex II countries will probably not be substantially reranked unless the Annex II countries reduce their emissions by at least half (from 1990 levels) and emissions from non-Annex II countries continue growing unabated.This paper - a product of the Poverty Reduction and Economic Management Sector Unit, Latin America and Caribbean Region - is part of a larger effort in the region to analyze the implications of economic growth.




Shock Waves


Book Description

Ending poverty and stabilizing climate change will be two unprecedented global achievements and two major steps toward sustainable development. But the two objectives cannot be considered in isolation: they need to be jointly tackled through an integrated strategy. This report brings together those two objectives and explores how they can more easily be achieved if considered together. It examines the potential impact of climate change and climate policies on poverty reduction. It also provides guidance on how to create a “win-win†? situation so that climate change policies contribute to poverty reduction and poverty-reduction policies contribute to climate change mitigation and resilience building. The key finding of the report is that climate change represents a significant obstacle to the sustained eradication of poverty, but future impacts on poverty are determined by policy choices: rapid, inclusive, and climate-informed development can prevent most short-term impacts whereas immediate pro-poor, emissions-reduction policies can drastically limit long-term ones.




Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature


Book Description

Climate change is one of the greatest challenges of this century. Mitigation requires a large-scale transition to a low-carbon economy. This paper provides an overview of the rapidly growing literature on the role of macroeconomic and financial policy tools in enabling this transition. The literature provides a menu of policy tools for mitigation. A key conclusion is that fiscal tools are first in line and central, but can and may need to be complemented by financial and monetary policy instruments. Some tools and policies raise unanswered questions about policy tool assignment and mandates, which we describe. The literature is scarce, however, on the most effective policy mix and the role of mitigation tools and goals in the overall policy framework.




Applying General Equilibrium


Book Description

The central idea underlying this work is to convert the Walrasian general equilibrium structure (formalized in the 1950s by Kenneth Arrow, Gerard Debreu and others) from an abstract representation of an economy into realistic models of actual economies.




False Alarm


Book Description

An “essential” (Times UK) and “meticulously researched” (Forbes) book by “the skeptical environmentalist” argues that panic over climate change is causing more harm than good Hurricanes batter our coasts. Wildfires rage across the American West. Glaciers collapse in the Artic. Politicians, activists, and the media espouse a common message: climate change is destroying the planet, and we must take drastic action immediately to stop it. Children panic about their future, and adults wonder if it is even ethical to bring new life into the world. Enough, argues bestselling author Bjorn Lomborg. Climate change is real, but it's not the apocalyptic threat that we've been told it is. Projections of Earth's imminent demise are based on bad science and even worse economics. In panic, world leaders have committed to wildly expensive but largely ineffective policies that hamper growth and crowd out more pressing investments in human capital, from immunization to education. False Alarm will convince you that everything you think about climate change is wrong -- and points the way toward making the world a vastly better, if slightly warmer, place for us all.




Our Common Future


Book Description




Managing Climate Risk in the U.S. Financial System


Book Description

This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742