Greenhouse Economics: Value and Ethics

by ;
Edition: 1st
Format: Nonspecific Binding
Pub. Date: 2005-08-31
Publisher(s): Routledge
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Summary

This important book examines one of the most crucial issues in the modern world: climate change. Providing a refreshing interdisciplinary perspective, which pulls together strands of natural science, economics, and ethics,Greenhouse Economicsposes some serious questions and offers intelligent answers. Themes covered include: How do we deal with uncertainty and ignorance? What role do science and economics play in policy formation? To what extent should individuals take responsibility for the society in which they and their descendants live? By examining issues such as the Intergovernmental Panel on Climate Change reports, recent economic analysis, and the ethical concerns in economics,Greenhouse Economicsmanages to provide an up-to-date and informative analysis of this important problem facing society. This book will be of strong interest to students and academics in the field of ecological and environmental economics, while also beingessential reading for all those for whom climate change is an important professional or personal concern. The interdisciplinary analysis will appeal to academics in a range of subjects such as geography, ethics and ecological studies as well of being of great interest to policy-makers.

Table of Contents

List of figures
x
List of tables
xi
Acknowledgements xiii
List of abbreviations
xv
Climate change: introducing some of the issues
1(24)
Air pollution and the modern economy
2(3)
Economic understanding of pollution
5(1)
The scientific problem
6(5)
A brief historical overview of developing awareness of the enhanced Greenhouse Effect
11(9)
Values and ethical concerns
20(1)
Conclusions
21(4)
Scientific understanding of the enhanced Greenhouse Effect
25(35)
Global climatic patterns
26(6)
Sources and sinks of greenhouse gases
32(8)
Greenhouse gas emission trends
40(8)
Past and future trends in global climate
48(5)
Conclusions
53(7)
Impacts of global climate change
60(37)
Regional impacts of greenhouse warming
63(13)
Intertemporal impacts of global warming
76(11)
Conclusions
87(10)
Weak uncertainty: risk and imperfect information
97(23)
The probability of the enhanced Greenhouse Effect
98(9)
Measuring and predicting climatic change
107(3)
The role of modelling
110(5)
Conclusions
115(5)
Strong uncertainty: ignorance and indeterminacy
120(33)
Characterising future events
123(5)
Economic use of weak uncertainty
128(3)
How weak is weak uncertainty?
131(3)
From weak to strong uncertainty
134(7)
The changing perception of science
141(6)
Conclusions
147(6)
Calculating the cost and benefits of GHG control
153(31)
The theory behind economic assessment
154(6)
Studies using cost--benefit analysis
160(17)
Conclusions
177(7)
Loading the dice? Values, opinions and ethics
184(17)
Inconsistency and disputed values
185(7)
Strong uncertainty revisited
192(5)
Conclusions
197(4)
Dividing time and discounting the future
201(20)
Discounting the future
203(6)
Can the future be treated as less important?
209(6)
Conclusions
215(6)
Economics, ethics and future generations
221(30)
Intergenerational ethical rules
223(3)
Distinguishing basic and compensatory transfers
226(5)
Harm and trade-offs
231(2)
Rights versus consequences
233(4)
Conflicting values and moral dilemmas
237(5)
Conclusions
242(9)
Science, economics and policy
251(32)
Science and political economy
252(6)
Choices and decisions
258(7)
Redefining economic inquiry
265(3)
Preferences, value and time
268(9)
Concluding remarks
277(6)
Glossary 283(3)
Index 286

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