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Related Experiment Videos

Costing climate change.

David S Reay1

  • 1Ecology and Resource Management, School of Earth, Environmental and Geographical Sciences, University of Edinburgh, Darwin Building, Mayfield Road, Edinburgh EH9 3JU, UK. david.reay@ed.ac.uk

Philosophical Transactions. Series A, Mathematical, Physical, and Engineering Sciences
|March 11, 2003
PubMed
Summary

Reducing greenhouse gas emissions offers economic benefits. Many strategies significantly cut emissions with little or no net cost, and individuals can save money by reducing their own emissions.

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Area of Science:

  • Environmental Science
  • Climate Change Economics
  • Public Policy

Background:

  • Intensifying debate surrounds the control of anthropogenic greenhouse gas emissions.
  • Economic arguments against emission reduction often cite high costs versus climate change impacts.
  • Cost-benefit analyses of climate policies require thorough examination.

Purpose of the Study:

  • To evaluate the economic viability of greenhouse gas reduction policies.
  • To assess the potential and costs associated with individual emission reductions.
  • To determine if global emission cuts are currently economically justifiable.

Main Methods:

  • Review of existing cost-benefit analyses for greenhouse gas reduction policies.
  • Assessment of the potential for and costs of individual greenhouse gas emission reductions.

Main Results:

  • Numerous abatement strategies offer substantial emission reductions at minimal or no net economic cost.
  • Individuals possess significant opportunities to reduce greenhouse gas emissions while achieving cost savings.

Conclusions:

  • Global greenhouse gas emission reductions, exemplified by the Kyoto Protocol, are not economically unjustifiable due to excessive burden.
  • Economic feasibility supports the implementation of policies aimed at curbing greenhouse gas emissions.

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