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The Cost of Slowing Climate Change: a Survey

Policies to deal effectively and efficiently with the threat of greenhouse warming must balance the costs of slowing climate change against the potential damages. This survey discusses one half of this question, the costs of slowing climate change by reducing greenhouse gas (GHG) emissions. The analysis provides estimates of the cost of reducing chlorofluorocarbon and CO2 emissions, and inquires into the costs of using forestry options to remove CO2 from the atmosphere. A promising new approach, the use ofgeoengineering, is discussed qualitatively.

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Energy Specializations: Energy and the Environment – Climate Change and Greenhouse Gases; Energy and the Environment – Policy and Regulation

JEL Codes: Q54: Climate; Natural Disasters and Their Management; Global Warming, Q41: Energy: Demand and Supply; Prices, Q40: Energy: General, Q53: Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling, Q21: Renewable Resources and Conservation: Demand and Supply; Prices, Q24: Renewable Resources and Conservation: Land

Keywords: Climate change, Greenhouse gases, Mitigation costs, Reforestation, Carbon sequestration

DOI: 10.5547/ISSN0195-6574-EJ-Vol12-No1-4

Published in Volume 12, Number 1 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.


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