UNIGE document Scientific Article
previous document  unige:56118  next document
add to browser collection

Economics of climate policy and collective decision making

Germond-Duret, Céline
Rafaj, Peter
Kypreos, Socrates
show hidden authors show all authors [1 - 9]
Published in Climatic Change. 2006, vol. 79, no. 1-2, p. 143-162
Collection Open Access - Licence nationale Springer
Abstract This paper explores the reasons why economic instruments of climate change are reluctantly applied and stresses the need for interdisciplinary research linking economic theory and empirical testing to deliberative political procedures. It is divided in three parts. The first one recalls the main issues in implementing Cost-Benefit Analysis such as information problems, uncertainties, discounting the future and irreversibilities. The second part shows how these issues can be treated in integrated assessment and techno-economic models and presents a case study, which shows that: - The chosen scenario tends to stabilize atmospheric CO2concentration at around 550 ppm in the long run. - Exclusion of possibility to trade CO2 emission permits under a cap regime would increase the cost of emission abatement for OECD countries. - Combining different flexibility instruments might lead to significant gains in the overall cost of climate policy. The third part presents results of a survey conducted among the main economic and environmental associations in Switzerland. The survey reveals conflicting views on economic instruments. It shows how the social acceptability of these instruments can be improved in taking explicitly into account these opposing views of special interest groups. Therefore, policy scenarios should be selected in combining techno-economic models with empirical studies about their political and normative context.
Keywords Economic instrumentsClimate changeCO2Interdisciplinary researchCost-benefit analysisIntegrated assessment and techno-economic modelsEconomic associationsEnvironmental associationsAcceptabilityInstrumental preferences
Full text
Research groups Pôle/Institut Gouvernance de l'environnement et développement territorial (PI-GEDT)
ISE Climat
ISE Energie
FNS: NCCR Climate
(ISO format)
BURGENMEIER, Beat et al. Economics of climate policy and collective decision making. In: Climatic Change, 2006, vol. 79, n° 1-2, p. 143-162. doi: 10.1007/s10584-006-9147-x https://archive-ouverte.unige.ch/unige:56118

399 hits



Deposited on : 2015-05-12

Export document
Format :
Citation style :