[OPE-L] Costs of Climate Change

From: glevy@PRATT.EDU
Date: Mon Oct 23 2006 - 21:07:33 EDT

----- Original Message -----
From: GDAE announce
Sent: Monday, October 23, 2006 3:51 PM
Subject: Costs of Climate Change: new reports by GDAE researchers

New Reports on the Costs of Climate Change Available on the Global
Development and Environment Institute (GDAE) Web Site

"Climate Change - The Costs of Inaction," by Frank Ackerman and Liz
Stanton, report released with Friends of the Earth UK, October 13, 2006.

This new report demonstrates that the cost of allowing global temperatures
to increase by two degrees or more above pre-industrial levels will run
into trillions of dollars, while the environmental and social costs will
be incalculable. It was produced by GDAE researchers Frank Ackerman and
Liz Stanton for The Big Ask, Friends of the Earth's climate campaign in
the UK. The report, which brings together the latest scientific and
economic thinking on climate change, highlights the enormous costs that
would result if Governments fail to act to keep temperature increases
below two degrees. This report received considerable press coverage by
major papers in the UK, and around the world including the Mirror,
Guardian, Independent, ABC News, Reuters, AOL, Yahoo, PlanetArk, New
Zealand Herald, and others.

Download the "Costs of Inaction" report and press coverage online at:

GDAE's other recently released reports on climate change include:

"The Economics of Inaction on Climate Change: A Sensitivity Analysis," by
Frank Ackerman and Ian Finlayson; GDAE Working Paper 06-07. October, 2006.
Forthcoming in Climate Policy 6(3). This article highlights the
sensitivity of the widely-used DICE climate model to three debatable
assumptions, involving the discount rate, the assumed benefits of moderate
warming, and the treatment of the latest climate science. It concludes
that the optimal climate policy is the introduction of a much higher and
rapidly rising price per unit of carbon than what has been recommended in
previous economic studies.

"Can Climate Change Save Lives? A comment on 'Economy-wide estimates of
the implications of climate change: Human health'," by Frank Ackerman and
Liz Stanton; GDAE Working Paper 06-05. September, 2006. This article
critiques a recently published prediction that the first stages of global
warming will, on balance, save a large number of lives. It finds that this
prediction is based on several mistaken or misleading assumptions, and
that climate change will very likely increase mortality worldwide.

Download these reports and read more about GDAE's work on the Economics of
Climate Change online at:

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