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Costs of Mitigating Climate Change in the United States

Costs of Mitigating Climate Change in the United States We consider the large range of estimated costs of meeting U.S. climate policy targets. Some of this range is due to different studies using different cost measures, and in principle such differences could be eliminated by more careful comparisons and greater transparency in studies that estimate costs. Still another source of differences is how the proposed policy is represented. Here, again, this source of difference could be reduced by more careful comparison and by better definition of implementation details. Even if these sources of difference could be eliminated, there would remain substantial uncertainties because of the difficulties of projecting economic activity over the long horizon of proposed policies. We show the importance of several of these factors, using a consistent modeling framework. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Annual Review of Resource Economics Annual Reviews

Costs of Mitigating Climate Change in the United States

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Publisher
Annual Reviews
Copyright
Copyright © 2010 by Annual Reviews. All rights reserved
ISSN
1941-1340
eISSN
1941-1359
DOI
10.1146/annurev.resource.012809.104234
Publisher site
See Article on Publisher Site

Abstract

We consider the large range of estimated costs of meeting U.S. climate policy targets. Some of this range is due to different studies using different cost measures, and in principle such differences could be eliminated by more careful comparisons and greater transparency in studies that estimate costs. Still another source of differences is how the proposed policy is represented. Here, again, this source of difference could be reduced by more careful comparison and by better definition of implementation details. Even if these sources of difference could be eliminated, there would remain substantial uncertainties because of the difficulties of projecting economic activity over the long horizon of proposed policies. We show the importance of several of these factors, using a consistent modeling framework.

Journal

Annual Review of Resource EconomicsAnnual Reviews

Published: Oct 10, 2010

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