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1.
Joel B. Smith 《Climatic change》1996,32(3):313-326
Nordhaus (1991), Cline (1992), Fankhauser (1992), and Titus (1992) have published comprehensive estimates of annual climate change damages to the United States in about 2060 that vary from $55 billion to $111 billion ($1990). The estimates are comprehensive because they address market and nonmarket impacts. They based their estimates on different assumptions about the rates of climate change and sea level rise, rates of return on investment, and changes in population and income. In addition, many of the damage estimates, although reported for a 2.5–3.0 °C warming, were based on studies that assumed higher rates of warming. Thus, these studies may have overestimated damages associated with a 2.5–3.0 °C warming. In this paper, the results of these studies were standardized for a 2.5 °C warming, a 50-cm sea level rise, 1990 income and population, and a 4% real rate of return on investments. After standardization, the total damage estimates range from $42.3 billion to $52.8 billion, slightly less than 1% of United States GNP in 1990. Yet, within individual sectors, such as agriculture and electricity, standardized damages differ by more than an order of magnitude. In addition, a significant amount of speculation underlies the damage estimates. Thus, the small range of total standardized damages and apparent agreement about the magnitude of such damages should be interpreted with caution. 相似文献
2.
The economic cost of greenhouse-induced sea-level rise for developed property in the United States 总被引：4，自引：1，他引：4
Estimates of the true economic cost that might be attributed to greenhouse-induced sea-level rise on the developed coastline of the United States are offered for the range of trajectories that is now thought to be most likely. Along a 50-cm sea level rise trajectory (through 2100), for example, transient costs in 2065 (a year frequently anticipated for doubling of greenhouse-gas concentrations) are estimated to be roughly $70 million (undiscounted, but measured in constant 1990$). More generally and carefully cast in the appropriate context of protection decisions for developed property, the results reported here are nearly an order of magnitude lower than estimates published prior to 1994. They are based upon a calculus that reflects rising values for coastal property as the future unfolds, but also includes the cost-reducing potential of natural, market-based adaptation in anticipation of the threat of rising seas and/or the efficiency of discrete decisions to protect or not to protect small tracts of property that will be made when necessary and on the (then current) basis of their individual economic merit.This research was funded by the Electric Power Research Institute as part of its impacts assessment program. Notwithstanding that support, the opinions expressed here and responsibility for any errors reside with the authors. The authors express their appreciation for comments offered on earlier drafts by Rick Freeman, Rob Mendelsohn, Joel Smith, Tom Wilson, Jim Titus, Robert Chen and the Snowmass Workshop on the Impacts of Global Change. If we may, we would also like to dedicate this paper to the memory of Dr. James Broadus from the Woods Hole Oceanographic Institution. His untimely death was, indeed, tragic; and we miss both his company and his flawless contribution to this and other work. 相似文献
3.
Alexandros A. Ntelekos Michael Oppenheimer James A. Smith Andrew J. Miller 《Climatic change》2010,103(3-4):597-616
The average annual cost of floods in the United States has been estimated at about $2 billion (current US dollars). The federal government, through the creation of the National Flood Insurance Program (NFIP), has assumed responsibility for mitigating the societal and economic impacts of flooding by establishing a national policy that provides subsidized flood insurance. Increased flood costs during the past two decades have made the NFIP operate at a deficit. This paper argues that our current understanding of climate change and of the sensitivity of the urban environment to floods call for changes to the flood policy scheme. Conclusions are drawn on specific examples from cities along the heavily urbanized corridor of northeastern United States. Mesoscale and global models along with urbanization and economic growth statistics are used to provide insights and recommendations for future flood costs under different emissions scenarios. Mesoscale modeling and future projections from global models suggest, for example, that under a high emissions scenario, New York City could experience almost twice as many days of extreme precipitation that cause flood damage and are disruptive to business as today. The results of the paper suggest that annual flood costs in the United States will increase sharply by the end of the 21st Century, ranging from about $7 to $19 billion current US dollars, depending on the economic growth rate and the emissions scenarios. Hydrologic, hydraulic and other related uncertainties are addressed and a revised version of the NFIP is suggested. 相似文献
4.
The possibility of extreme sea-level rise is one of the commonly cited reasons for concern about climate change. Major increases in sea level would likely be driven by the melting or collapse of major ice sheets. This possibility has implications for the social cost of carbon dioxide, which is a key policy value as well as a useful summary measure of damage caused by greenhouse gas emissions.This paper extends earlier work on the importance of low-probability, high-impact events for the social cost of carbon dioxide to incorporate the possibility of extreme sea-level rise.To estimate its impact, an integrated assessment model is used, which allows a probabilistic assessment of climate change damages based on the linkages between the economic and climate systems. In the model, the generic discontinuity damage is replaced with the possibility of large-scale damage from factors that are taken to be correlated with temperature rise and, crucially for this paper, explicit consideration of extreme sea-level rise.Estimates of the amount of increase in the social cost of carbon dioxide that can be expected from incorporating extreme sea-level rise show that the increase is significant, though not especially large in percentage terms.The paper contributes to the literature of how to represent uncertain climate impacts in integrated assessment models and the associated estimation of the social cost of carbon dioxide. 相似文献
5.
Toon Haer Eugenia Kalnay Michael Kearney Henk Moll 《Global Environmental Change》2013,23(6):1627-1636
Global sea-level rise poses a significant threat not only for coastal communities as development continues but also for national economies. This paper presents estimates of how future changes in relative sea-level rise puts coastal populations at risk, as well as affect overall GDP in the conterminous United States. We use four different sea-level rise scenarios for 2010–2100: a low-end scenario (Extended Linear Trend) a second low-end scenario based on a strong mitigative global warming pathway (Global Warming Coupling 2.6), a high-end scenario based on rising radiative forcing (Global Warming Coupling 8.5) and a plausible very high-end scenario, including accelerated ice cap melting (Global Warming Coupling 8.5+). Relative sea-level rise trends for each US state are employed to obtain more reasonable rates for these areas, as long-term rates vary considerably between the US Atlantic, Gulf and Pacific coasts because of the Glacial Isostatic Adjustment, local subsidence and sediment compaction, and other vertical land movement. Using these trends for the four scenarios reveals that the relative sea levels predicted by century's end could range – averaged over all states – from 0.2 to 2.0 m above present levels. The estimates for the amount of land inundated vary from 26,000 to 76,000 km2. Upwards of 1.8 to 7.4 million people could be at risk, and GDP could potentially decline by USD 70–289 billion. Unfortunately, there are many uncertainties associated with the impact estimates due to the limitations of the input data, especially the input elevation data. Taking this into account, even the most conservative scenario shows a significant impact for the US, emphasizing the importance of adaptation and mitigation. 相似文献
6.
2017年6月1日,美国总统特朗普正式宣布退出《巴黎协定》,有关美国退协原因、后续影响和应对策略的研究成为国际社会关注的焦点。本文基于自主构建的美国政策评估模型,综合定性定量分析,系统评估了美国宣布退出《巴黎协定》可能造成的全球气候变化减缓、资金和治理"三大赤字",并据此提出中国的应对策略和建议。研究表明,考虑美国退协对后续政策的影响,美国2030年的排放将有可能达57.9（56.0~59.8）亿t CO2-eq,仅相当于在2005年的水平上下降12.1%（9.1%~15.0%）,相对自主贡献目标情景将上升16.4（12.5~20.1）亿t CO2-eq,额外增加8.8%~13.4%的全球减排赤字。美国拒绝继续履行资金支持义务还将使得本不充裕的气候资金机制更加雪上加霜,绿色气候基金（GCF）的筹资缺口将增加20亿美元,而长期气候资金（LTF）的缺口每年将增加50亿美元左右。这就要求欧盟和日本对GCF的捐助至少上升40%,同时欧盟及其成员国的长期资金支持至少上浮25.2%才能填补上述资金赤字。美国是全球气候博弈的重要一方,且美国退协的影响已蔓延至全球治理的主要议事平台,期望中欧、基础四国+等模式短期内迅速填补美国退出后全球气候治理的治理赤字是不现实的,政治推动乏力的情况可能会在今后一段时期内始终存在。虽然国际社会对中国领导全球气候治理充满期待,但中国应有清醒认识,全面评估"接盘"美国领导力的成本、效益和可行性,并秉持"国家利益"优先的原则,谋定而后动。同时,中国应聚焦国内工作,凝聚应对气候变化的战略共识,做好长期战略谋划,并积极推动国际社会从合作中寻找出路应对"三大赤字"难题。 相似文献
7.
The prospect of learning about various uncertainties relevant to analyses of the climate change issue is important because it can affect estimates of the costs of both damages and mitigation, and it can influence the optimal timing of emissions reductions. Baseline scenarios representing future emissions in the absence of mitigation are one of the major sources of uncertainty. Here we investigate how fast we might realistically expect to learn about the outlook for long-term population growth, as one determinant of future baseline emissions. That is, we estimate how long it might take to substantially revise current estimates of the likelihood of various population size outcomes over the twenty-first century. We draw on recent work showing that, because population growth is path dependent, we can learn about the long term outlook by waiting to observe how population changes in the short term. We then explore the implications of uncertainty and of this learning potential for mitigation costs and for optimal emissions. Using a simple model, we show that uncertainty in population growth translates into an uncertainty in the optimal tax rate of about $200/tC by 2050 for a range of stabilization levels. When learning is taken into account, it allows for mitigation strategies to change in response to new information, leading to a slight reduction in the expected value of mitigation costs, and a substantial reduction in the likelihood of high cost outcomes. We also find that while learning can lead to large revisions over the next few decades in anticipated population growth, this potential does not imply large changes in near-term optimal emissions reductions. Results suggest that further work on the potential for learning about other determinants of emissions could have larger effects on expected mitigation costs. 相似文献
8.
在梳理新常态以来各省经济布局发展以及能源需求特征的基础上,重点剖析了国家区域协调发展战略,并利用中国多区域动态可计算一般均衡模型（China Multi-Regional Computable General Equilibrium,CMRCGE）,对“十四五”时期各省经济社会发展、能源需求及碳排放进行了模拟分析。主要结论包括：(1)在区域协调发展战略指引下,预计到“十四五”末,中国将有13个省市人均GDP超过1.5万美元,16个省市人均GDP在1.0万~1.5万美元之间,各省经济有望实现平稳较快发展。(2)预计2025年各省能源需求总量可达54.5亿tce（由于数据原因,未测算西藏）,“十四五”年均增长约为1.5%,能源需求仍保持低速增长。同时能源需求的重心逐步从东部向中部转移,而西部地区能源大省的用能比重基本保持稳定,这与各地所处的经济发展阶段、区域协调发展战略导向基本一致。(3)“十四五”时期各省的碳排放（主要考虑能源利用碳排放）强度年均降幅约为5.4%,绝大部分省份降幅超过4.0%。近年来碳强度显著下降的趋势有望继续保持。 相似文献
9.
We made projections of relative sea-level rise, horizontal inundation, and the associated impacts on people and infrastructure in the coastal portion of the Mid- and Upper-Atlantic Region (MUAR) of the United States. The output of five global climate models (GCMs) run under two greenhouse gas scenarios was used in combination with tide gauge observations to project sea-level increases ranging from 200 to 900 mm by 2100, depending on location, GCM and scenario. The range mainly reflects equal contributions of spatial variability (due to subsidence) and GCM uncertainty, with a smaller fraction of the range due to scenario uncertainty. We evaluated 30-m Digital Elevation Models (DEMs) using 10-m DEMs and LIDAR data at five locations in the MUAR. We found average RMS differences of 0.3 m with the 10-m DEMs and 1.2 m with the LIDAR data, much lower than the reported mean RMS errors of 7 m for the 30-m DEMs. Using the 30-m DEMs, the GCM- and scenario-means of projected sea-level rise, and local subsidence estimates, we estimated a total inundation of 2,600 km2 for the MUAR by 2100. Inundation area increases to 3,800 km2 at high tide if we incorporate local tidal ranges in the analysis. About 510,000 people and 1,000 km of road lie within this area. Inundation area per length of coastline generally increases to south, where relative sea-level rise is greater and relief is smaller. More economically developed states, such as New York and New Jersey, have the largest number of people and infrastructure exposed to risk of inundation due to sea-level rise. 相似文献
10.
《Climate Policy》2013,13(4):395-396
In 2007 the US Congress began considering a set of bills to implement a cap-and-trade system to limit the nation's greenhouse gas (GHG) emissions. The MIT Integrated Global System Model (IGSM)—and its economic component, the Emissions Prediction and Policy Analysis (EPPA) model—were used to assess these proposals. In the absence of policy, the EPPA model projects a doubling of US greenhouse gas emissions by 2050. Global emissions, driven by growth in developing countries, are projected to increase even more. Unrestrained, these emissions would lead to an increase in global CO2 concentration from a current level of 380 ppmv to about 550 ppmv by 2050 and to near 900 ppmv by 2100, resulting in a year 2100 global temperature 3.5–4.5°C above the current level. The more ambitious of the Congressional proposals could limit this increase to around 2°C, but only if other nations, including developing countries, also strongly controlled greenhouse gas emissions. With these more aggressive reductions, the economic cost measured in terms of changes in total welfare in the United States could range from 1.5% to almost 2% by the 2040–2050 period, with 2015 CO2-equivalent prices between $30 and $55, rising to between $120 and $210 by 2050. This level of cost would not seriously affect US GDP growth but would imply large-scale changes in its energy system. 相似文献
11.
This paper uses two models to examine the direct and indirect costs of sea-level rise for Europe for a range of sea-level
rise scenarios for the 2020s and 2080s: (1) the DIVA model to estimate the physical impacts of sea-level rise and the direct
economic cost, including adaptation, and (2) the GTAP-EF model to assess the indirect economic implications. Without adaptation,
impacts are quite significant with a large land loss and increase in the incidence of coastal flooding. By the end of the
century Malta has the largest relative land loss at 12% of its total surface area, followed by Greece at 3.5% land loss. Economic
losses are however larger in Poland and Germany (483 and483 and 391 million, respectively). Coastal protection is very effective
in reducing these impacts and optimally undertaken leads to protection levels that are higher than 85% in the majority of
European states. While the direct economic impact of sea-level rise is always negative, the final impact on countries’ economic
performances estimated with the GTAP-EF model may be positive or negative. This is because factor substitution, international
trade, and changes in investment patterns interact with possible positive implications. The policy insights are (1) while
sea-level rise has negative and huge direct economic effects, overall effects on GDP are quite small (max −0.046% in Poland);
(2) the impact of sea-level rise is not confined to the coastal zone and sea-level rise indirectly affects landlocked countries
as well (Austria for instance loses −0.003% of its GDP); and (3) adaptation is crucial to keep the negative impacts of sea-level
rise at an acceptable level. 相似文献
12.
Projecting twenty-first century regional sea-level changes 总被引：2，自引：0，他引：2
A. B. A. Slangen M. Carson C. A. Katsman R. S. W. van de Wal A. Köhl L. L. A. Vermeersen D. Stammer 《Climatic change》2014,124(1-2):317-332
We present regional sea-level projections and associated uncertainty estimates for the end of the 21 st century. We show regional projections of sea-level change resulting from changing ocean circulation, increased heat uptake and atmospheric pressure in CMIP5 climate models. These are combined with model- and observation-based regional contributions of land ice, groundwater depletion and glacial isostatic adjustment, including gravitational effects due to mass redistribution. A moderate and a warmer climate change scenario are considered, yielding a global mean sea-level rise of 0.54 ±0.19 m and 0.71 ±0.28 m respectively (mean ±1σ). Regionally however, changes reach up to 30 % higher in coastal regions along the North Atlantic Ocean and along the Antarctic Circumpolar Current, and up to 20 % higher in the subtropical and equatorial regions, confirming patterns found in previous studies. Only 50 % of the global mean value is projected for the subpolar North Atlantic Ocean, the Arctic Ocean and off the western Antarctic coast. Uncertainty estimates for each component demonstrate that the land ice contribution dominates the total uncertainty. 相似文献
13.
To develop improved estimates of (1) flooding due to storm surges, and (2) wetland losses due to accelerated sea-level rise, the work of Hoozemans et al. (1993) is extended to a dynamic analysis. It considers the effects of several simultaneously changing factors, including: (1) global sea-level rise and subsidence; (2) increasing coastal population; and (3) improving standards of flood defence (using GNP/capita as an “ability-to-pay” parameter). The global sea-level rise scenarios are derived from two General Circulation Model (GCM) experiments of the Hadley Centre: (1) the HadCM2 greenhouse gas only ensemble experiment and (2) the more recent HadCM3 greenhouse gas only experiment. In all cases there is a global rise in sea level of about 38 cm from 1990 to the 2080s. No other climate change is considered. Relative to an evolving reference scenario without sea-level rise, this analysis suggests that the number of people flooded by storm surge in a typical year will be more than five times higher due to sea-level rise by the 2080s. Many of these people will experience annual or more frequent flooding, suggesting that the increase in flood frequency will be more than nuisance level and some response (increased protection, migration, etc.) will be required. In absolute terms, the areas most vulnerable to flooding are the southern Mediterranean, Africa, and most particularly, South and South-east Asia where there is a concentration of low-lying populated deltas. However, the Caribbean, the Indian Ocean islands and the Pacific Ocean small islands may experience the largest relative increase in flood risk. By the 2080s, sea-level rise could cause the loss of up to 22% of the world's coastal wetlands. When combined with other losses due to direct human action, up to 70% of the world's coastal wetlands could be lost by the 2080s, although there is considerable uncertainty. Therefore, sea-level rise would reinforce other adverse trends of wetland loss. The largest losses due to sea-level rise will be around the Mediterranean and Baltic and to a lesser extent on the Atlantic coast of Central and North America and the smaller islands of the Caribbean. Collectively, these results show that a relatively small global rise in sea level could have significant adverse impacts if there is no adaptive response. Given the “commitment to sea-level rise” irrespective of any realistic future emissions policy, there is a need to start strategic planning of appropriate responses now. Given that coastal flooding and wetland loss are already important problems, such planning could have immediate benefits. 相似文献
14.
This paper describes a simulation study of some of the socio-economic consequences of a rise in sea level on Dutch society. A computer simulation model for the greenhouse problem has been developed, which tries to capture the climate change cause-effect relationship for a combination of greenhouse-gas emissions. The impact of emissions of greenhouse gases on global temperature and sea-level rise can be calculated using the model. Additionally, separate, independent modules have been implemented in order to quantify the socio-economic consequences for the Netherlands. Four consistent sets of scenarios have been developed, based on differences in economic growth, energy use, international environmental measures, etc. On the basis of these scenarios estimates are made of the costs of coastal defence and water management in the Netherlands as a result of adaptation to the impacts of sea-level rise. 相似文献
15.
Toward integrated assessment of environmental change: air pollution health effects in the USA 总被引：2，自引：1，他引：1
We demonstrate a method for integrating environmental effects into a computable general equilibrium model. This is a critical
step forward toward the development of improved integrated assessment models of environmental change. We apply the method
to examine the economic consequences of air pollution on human health for the US for the period from 1970 to 2000. The pollutants
include tropospheric ozone, nitrogen dioxide, sulfur dioxide, carbon monoxide, and particulate matter. We apply this method
to the MIT Emissions Prediction and Policy Analysis (EPPA) model, a computable general equilibrium model of the economy that
has been widely used to study climate change policy. The method makes use of traditional valuation studies, incorporating
this information so that estimates of welfare change are consistent with welfare valuation of the consumption of market goods
and services. We estimate the benefits of air pollution regulations in USA rose steadily from 1975 to 2000 from $50 billion
to $400 billion (from 2.1% to 7.6% of market consumption). Our estimated benefits of regulation are somewhat lower than the
original estimates made by the US Environmental Protection Agency, and we trace that result to our development of a stock
model of pollutant exposure that predicts that the benefits from reduced chronic air pollution exposure will only be gradually
realized. We also estimate the economic burden of uncontrolled levels of air pollution over that period. The uncertainties
in these estimates are large which we show through simulations using 95% confidence limits on the epidemiological dose-response
relationships 相似文献
16.
Susan Hanson Robert Nicholls N. Ranger S. Hallegatte J. Corfee-Morlot C. Herweijer J. Chateau 《Climatic change》2011,104(1):89-111
This paper presents a first estimate of the exposure of the world’s large port cities (population exceeding one million inhabitants
in 2005) to coastal flooding due to sea-level rise and storm surge now and in the 2070s, taking into account scenarios of
socio-economic and climate changes. The analysis suggests that about 40 million people (0.6% of the global population or roughly
1 in 10 of the total port city population in the cities considered) are currently exposed to a 1 in 100 year coastal flood
event. For assets, the total value exposed in 2005 across all cities considered is estimated to be US$3,000 billion; corresponding
to around 5% of global GDP in 2005 (both measured in international USD) with USA, Japan and the Netherlands being the countries
with the highest values. By the 2070s, total population exposed could grow more than threefold due to the combined effects
of sea-level rise, subsidence, population growth and urbanisation with asset exposure increasing to more than ten times current
levels or approximately 9% of projected global GDP in this period. On the global-scale, population growth, socio-economic
growth and urbanization are the most important drivers of the overall increase in exposure particularly in developing countries,
as low-lying areas are urbanized. Climate change and subsidence can significantly exacerbate this increase in exposure. Exposure
is concentrated in a few cities: collectively Asia dominates population exposure now and in the future and also dominates
asset exposure by the 2070s. Importantly, even if the environmental or socio-economic changes were smaller than assumed here
the underlying trends would remain. This research shows the high potential benefits from risk-reduction planning and policies
at the city scale to address the issues raised by the possible growth in exposure. 相似文献
17.
John Hunter 《Climatic change》2012,113(2):239-252
Projections of climate change are inherently uncertain, leading to considerable debate over suitable allowances for future changes such as sea-level rise (an ??allowance?? is, in this context, the amount by which something, such as the height of coastal infrastructure, needs to be altered to cope with climate change). Words such as ??plausible?? and ??high-end?? abound, with little objective or statistically valid support. It is firstly shown that, in cases in which extreme events are modified by an uncertain change in the average (e.g. flooding caused by a rise in mean sea level), it is preferable to base future allowances on estimates of the expected frequency of exceedances rather than on the probability of at least one exceedance. A simple method of determining a future sea-level rise allowance is then derived, based on the projected rise in mean sea level and its uncertainty, and on the variability of present tides and storm surges (??storm tides??). The method preserves the expected frequency of flooding events under a given projection of sea-level rise. It is assumed that the statistics of storm tides relative to mean sea level are unchanged. The method is demonstrated using the GESLA (Global Extreme Sea-Level Analysis) data set of roughly hourly sea levels, covering 198 sites over much of the globe. Two possible projections of sea-level rise are assumed for the 21st century: one based on the Third and Fourth Assessment Reports of the Intergovernmental Panel on Climate Change and a larger one based on research since the Fourth Assessment Report. 相似文献
18.
Fran Sussman Nisha Krishnan Kathryn Maher Rawlings Miller Charlotte Mack Paul Stewart 《Climate Policy》2013,13(2):242-282
Researchers and policy makers increasingly recognize the need to adapt to future changes in climate, given that past emissions of greenhouse gases have already committed the world to some level of climate change. However, the current understanding of the costs and benefits of adaptation measures is still fairly rudimentary, and far from comprehensive. An assessment is presented of the current state of knowledge on the magnitude of adaptation costs in the United States. While incomplete, the studies suggest that adaptation cost could be as high as tens or hundreds of billions of dollars per year by the middle of this century. Key studies are identified in each sector, and the cost estimates and approaches to cost estimation are surveyed. Methodological issues are highlighted in interpreting, comparing, and aggregating adaptation cost estimates. Policy recommendations are made along with appropriate steps to make future adaptation cost studies more comparable within and across sectors and more accessible and relevant to policy and decision makers.Policy relevanceDesigning and implementing climate change adaptation policy requires good information about the effectiveness and cost of available adaptive options. The current state of knowledge on adaptation costs in the United States is assessed and significant gaps in the literature are highlighted – particularly in terms of sectoral and geographic coverage – as well as inconsistencies in methodologies and assumptions that hamper comparison across studies. Critical steps are identified that can be taken to make adaptation cost studies more accessible and useful to decision makers. The findings and recommendations are relevant to adaptation cost studies globally, not just in the United States. 相似文献
19.
Sea-level pressure variations over the North Pacific Ocean influence the surface climate conditions of China and western North America. Documentary records of precipitation in China data back to the mid-15th century, and a well-replicated network of tree-ring chronologies from western North America dates to the early 17th century. These proxy climate records are used separately and together to estimate sea-level pressure variations over the North Pacific back to 1600 A.D. The models are calibrated over the period 1899 to 1950 and verified over the independent period, 1951 to 1963. The best estimates, derived from predictors in China and western North America, calibrate 44.7% of summer sea-level pressure variance. The study demonstrates the potential of com-bining different prosy data sources to derive estimates of past climate. 相似文献
20.
In this paper we extend our earlier work with the Carbon Emissions Trajectory Assessment model (CETA) to consider a number of issues relating to the nature of optimal carbon emissions trajectories. We first explore model results when warming costs are associated with the rate of temperature rise, rather than with its level, as in our earlier work. We find that optimal trajectories are more strongly affected by the degree of non-linearity in the warming cost function than by whether the cost function is driven by the warming level or the warming rate. Next we briefly explore the implications of simple uncertainty and risk aversion for optimal emissions trajectories. We find that uncertainty and risk aversion cause optimal emissions trajectories to be somewhat lower, but that the effect is not noticeable in the near term and not dramatic in the long term; the long term effect on the shadow price of carbon is more marked, however. Finally, we experiment with scaling up the warming cost functions until optimal policies are approximately the same as a policy of stabilizing emissions at the 1990 level. Based on the results of this experiment, we conclude that damages would have to be very high to justify anything like a stabilization policy; and even in this case, a policy allowing intertemporal variation in emissions would be better.This paper does not represent the position of EPRI or of its members. 相似文献