Book contents
- Frontmatter
- Contents
- List of contributors
- Preface
- Part I Climate system science
- Part II Impacts and adaptation
- Part III Mitigation of greenhouse gases
- 15 Bottom-up modeling of energy and greenhouse gas emissions: approaches, results, and challenges to inclusion of end-use technologies
- 16 Technology in an integrated assessment model: the potential regional deployment of carbon capture and storage in the context of global CO2 stabilization
- 17 Hydrogen for light-duty vehicles: opportunities and barriers in the United States
- 18 The role of expectations in modeling costs of climate change policies
- 19 A sensitivity analysis of forest carbon sequestration
- 20 Insights from EMF-associated agricultural and forestry greenhouse gas mitigation studies
- 21 Global agricultural land-use data for integrated assessment modeling
- 22 Past, present, and future of non-CO2 gas mitigation analysis
- 23 How (and why) do climate policy costs differ among countries?
- 24 Lessons for mitigation from the foundations of monetary policy in the United States
- Part IV Policy design and decisionmaking under uncertainty
- Index
- Plate section
- References
24 - Lessons for mitigation from the foundations of monetary policy in the United States
from Part III - Mitigation of greenhouse gases
Published online by Cambridge University Press: 06 December 2010
- Frontmatter
- Contents
- List of contributors
- Preface
- Part I Climate system science
- Part II Impacts and adaptation
- Part III Mitigation of greenhouse gases
- 15 Bottom-up modeling of energy and greenhouse gas emissions: approaches, results, and challenges to inclusion of end-use technologies
- 16 Technology in an integrated assessment model: the potential regional deployment of carbon capture and storage in the context of global CO2 stabilization
- 17 Hydrogen for light-duty vehicles: opportunities and barriers in the United States
- 18 The role of expectations in modeling costs of climate change policies
- 19 A sensitivity analysis of forest carbon sequestration
- 20 Insights from EMF-associated agricultural and forestry greenhouse gas mitigation studies
- 21 Global agricultural land-use data for integrated assessment modeling
- 22 Past, present, and future of non-CO2 gas mitigation analysis
- 23 How (and why) do climate policy costs differ among countries?
- 24 Lessons for mitigation from the foundations of monetary policy in the United States
- Part IV Policy design and decisionmaking under uncertainty
- Index
- Plate section
- References
Summary
Introduction
Many analysts, (including Pizer [Chapter 25], Keller et al. [Chapter 28], Webster [Chapter 29] and Toth [Chapter 30] in this volume, as well as others like Nordhaus and Popp [1997], Tol [1998], Lempert and Schlesinger [2000], Keller et al. [2004] and Yohe et al. [2004]) have begun to frame the debate on climate change mitigation policy in terms of reducing the risk of intolerable impacts. In their own ways, all of these researchers have begun the search for robust strategies that are designed to take advantage of new understanding of the climate systems as it evolves – an approach that is easily motivated by concerns about the possibility of abrupt climate change summarized by, among others, Alley et al. (2002). These concerns take on increased importance when read in the light of recent surveys which suggest that the magnitude of climate impacts (see, for example, Smith and Hitz [2003]) and/or the likelihood of abrupt change (IPCC, 2001; Schneider, 2003; Schlesinger et al., 2005) could increase dramatically if global mean temperatures rose more than 2 or 3 °C above pre-industrial levels. Neither of these suggestions can be advanced with high confidence, of course, but that is the point. Uncertainty about the future in a risk-management context becomes the fundamental reason to contemplate action in the near term even if such action cannot guarantee a positive benefit–cost outcome either in all states of nature or in expected value.
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- Chapter
- Information
- Human-Induced Climate ChangeAn Interdisciplinary Assessment, pp. 294 - 302Publisher: Cambridge University PressPrint publication year: 2007
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