World Bank / by P. Dumas, J. C. Hourcade, B. Perrissin Fabert http://tinyurl.com/28e7kta This paper confronts the wide political support for the 2C objective of global increase in temperature, reaffirmed in Copenhagen, with the consistent set of hypotheses on which it relies. It explains why neither an almost zero pure time preference nor concerns about … Continue reading »
Posted on August 9, 2010 …
Equity in Climate Change : An Analytical Review
World Bank / by Aaditya Mattoo and Arvind Subramanian http://tinyurl.com/26see6k How global emissions reduction targets can be achieved equitably is a key issue in climate change discussions. This paper presents an analytical framework to encompass contributions to the literature on equity in climate change, and highlights the consequences — in terms of future emissions allocations … Continue reading »
Climate Change and Trade Policy : From Mutual Destruction to Mutual Support
World Bank / by Patrick A. Messerlin http://tinyurl.com/39hqbuq Contrary to what is still often believed, the climate and trade communities have a lot in common: a common problem (a global “public good”), common foes (vested interests using protection for slowing down climate change policies), and common friends (firms delivering goods, services, and equipment that are … Continue reading »
CATalytic Insurance : The Case of Natural Disasters
World Bank / by by Tito Cordella and Eduardo Levy Yeyati http://tinyurl.com/3xxppne Why should countries buy expensive catastrophe insurance? Abstracting from risk aversion or hedging motives, this paper shows that catastrophe insurance may have a catalytic role on external finance. Such effect is particularly strong in those middle-income countries that face financial constraints when hit … Continue reading »
Biofuels : Markets, Targets and Impacts
World Bank / by Govinda R. Timilsina and Ashish Shrestha http://tinyurl.com/253ytoq This paper reviews recent developments in biofuel markets and their economic, social and environmental impacts. Several countries have introduced mandates and targets for biofuel expansion. Production, international trade and investment have increased sharply in the past few years. However, several existing studies have blamed … Continue reading »
Implementing Carbon Tariffs : A Fool’s Errand ?
World Bank / by Michael O. Moore http://tinyurl.com/34oznrn Some governments are considering taxes on imports based on carbon content from countries that have not introduced climate change policies. Such carbon border taxes appeal to domestic industries facing higher charges for their own carbon emissions. This research demonstrates that there are enormous practical difficulties surrounding such … Continue reading »
An Empirical Analysis of the Effects of Climate Variables on National Level Economic Growth
World Bank / by Casey Brown, Robyn Meeks, Yonas Ghile, and Kenneth Hunu http://tinyurl.com/3ab7d86 The influence of climate on economic growth is a topic of growing interest. Few studies have investigated the potential role that climate hazards and their cumulative effects have on the growth prospects for a country. Due to the relatively stationary spatial … Continue reading »
