Cost-benefit analysis of climate change – A methodological overview of recent studies

Szijártó, Norbert (2012) Cost-benefit analysis of climate change – A methodological overview of recent studies. In: Price of unsustainability. Economic impacts of climate change. Aula, Budapest, pp. 71-87. . ISBN 978-963-339-029-0

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Global warming16 has already begun. Climate change has become a self-propelling and self-reinforcing process as a result of the externality associated with greenhouse- gas (GHG) emissions. Although it is an externality related to humankind, according to a number of unique features we should distinguish it from other externalities. Climate change is a global phenomenon in its causes and consequences. The long-term and persistent impacts of climate change will likely continue over centuries without further anthropogenic mechanism. The preindustrial (equilibrium) level of GHG concentration in the atmosphere cannot be restored since it is irreversible, but if we do not stabilise the actual level of atmospheric concentration, the situation will become much worse than it is now. Assessing the impacts of climate change requires careful considerations because of the pervasive uncertainties and risks associated with it.

Item Type:Book Section
Uncontrolled Keywords:cost-benefit analysis
Divisions:Faculty of Economics > Department of World Economy
Environmental economics
Projects:TAMOP 4.2.1/B-09/1/KMR-2010-0005
ID Code:1012
Deposited By: Ádám Hoffmann
Deposited On:19 Nov 2012 15:24
Last Modified:19 Nov 2012 15:24

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