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Environmental Economics

The Economics of Climate Change by Nick Hanley, Anthony D Owen

By Nick Hanley, Anthony D Owen

With contributions from wonderful authors and protecting every little thing you want to find out about international warming and its monetary implications, this readable publication will attraction around the political and medical spectrum.

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The five different AGCMs predict the pattern of temperature change in Australia for summer and winter under a doubling of CO2 against the existing temperature in the same region. All the models show an increased warming throughout Australia by between 2 and 8 degrees C. When regional patterns are examined, however, there are significant regional differences in the predictions. During the summer season (December/January/February), for example, the GDF, GISS, NCAR and UKMO models’ output all have areas of increased temperature in common – although there are important regional differences.

Milankovitch (1941). See COMAP (1988) and CLIMAP (1981). Harrison (2002). See Joussaume and Taylor (2000) and Gates (1976). See UNEP (2002) and WWF (2000). Leakey and Lewin (1997). Plass (1956); Ramananthan et al. (1985); Ramananthan (1988); Jones and HendersonSellers (1990). Fourier (1827). Tyndall (1861). Arrhenius (1896). Callendar (1938). ). Rayner and Malone (1998). Ramanathan et al. (1985). Deaton (1999). For example: Henderson-Sellers and McGuffie (1987). Manabe and Wetherald (1975). Claussen (2000).

The foundation of this regime is the UN Framework Convention on Climate Change, adopted in 1992. The first decade of the climate change regime has seen an intense period of ‘rule-making’ negotiations aimed at further developing its commitments and institutions. These negotiations have followed a twin-track. Along the first track, governments have elaborated in more detail on the Convention’s provisions, building up an extensive ‘rulebook’ for its implementation. Along the second, more high profile track, governments have negotiated substantively new and stronger commitments, leading to the adoption of the Kyoto Protocol in December 1997 and to subsequent negotiations to define the Protocol’s operational details.

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