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Reducing carbon emissions could help -- not harm -- US economy
March 20, 2008New Haven, Conn. - A national policy to cut carbon emissions by as much as 40 percent over the next 20 years could still result in increased economic growth, according to an interactive website that reviews 25 of the leading economic models used to predict the economic impacts of reducing emissions.
"As Congress prepares to debate new legislation to address the threat of climate change, opponents claim that the costs of adopting the leading proposals would be ruinous to the U.S. economy. The world's leading economists who have studied the issue say that's wrong - and you can find out for yourself," said Robert Repetto, professor in the practice of economics and sustainable development at the Yale School of Forestry & Environmental Studies who created the site.
The interactive website, www.climate.yale.edu/seeforyourself, synthesized thousands of policy analyses in order to identify the seven key assumptions accounting for most of the differences in the model predictions. The site allows visitors to choose which assumptions they feel are most realistic and then view the predictions of the economic models based on the chosen assumptions.
Among the key optimistic assumptions are that renewable energy technologies will be available at stable or increasing prices; that higher fossil fuel prices will stimulate energy-saving technological change; that reducing U.S. carbon emissions will reduce economic damages from climate change and air pollution; and that the United States will incorporate international trading of emission permits into its national policy.
Growth rates of the U.S. Gross Domestic Product (GDP) have been 3 percent per year over recent decades. With emissions reduced by 40 percent below projected business-as-usual trends, even under most pessimistic assumptions the GDP would grow 2.4 percent a year, reaching $23 trillion by 2030, according to the website's predictions. Under the most favorable assumptions, GDP would rise slightly above 3 percent a year.
"The website shows that even under the most unfavorable assumptions regarding costs, the U.S. economy is predicted to continue growing robustly as carbon emissions are reduced," said Repetto. "Under favorable assumptions, the economy would grow more rapidly if emissions are reduced through national policy measures than if they are allowed to increase as in the past."
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Robert Repetto http://environment.yale.edu/people/326-Robert-Repetto/parent:faculty/
Yale School of Forestry & Environmental Studies http://environment.yale.edu/
Gross Domestic Product http://en.wikipedia.org/wiki/Gross_Domestic_Product
Yale University
Among the key optimistic assumptions are that renewable energy technologies will be available at stable or increasing prices; that higher fossil fuel prices will stimulate energy-saving technological change; that reducing U.S. carbon emissions will reduce economic damages from climate change and air pollution; and that the United States will incorporate international trading of emission permits into its national policy.
Growth rates of the U.S. Gross Domestic Product (GDP) have been 3 percent per year over recent decades. With emissions reduced by 40 percent below projected business-as-usual trends, even under most pessimistic assumptions the GDP would grow 2.4 percent a year, reaching $23 trillion by 2030, according to the website's predictions. Under the most favorable assumptions, GDP would rise slightly above 3 percent a year.
"The website shows that even under the most unfavorable assumptions regarding costs, the U.S. economy is predicted to continue growing robustly as carbon emissions are reduced," said Repetto. "Under favorable assumptions, the economy would grow more rapidly if emissions are reduced through national policy measures than if they are allowed to increase as in the past."
###
Robert Repetto http://environment.yale.edu/people/326-Robert-Repetto/parent:faculty/
Yale School of Forestry & Environmental Studies http://environment.yale.edu/
Gross Domestic Product http://en.wikipedia.org/wiki/Gross_Domestic_Product
Yale University
Carbon Emissions Current Events and Carbon Emissions News RSSResearchers Hail Innovative Plan to Save Rainforest, Reduce Greenhouse Gas Emissions
An innovative proposal by the Ecuadorian government to protect an untouched, oil rich region of Amazon rainforest is a precedent-setting and potentially economically viable approach, says a team of environmental researchers from the University of Maryland, the World Resources Institute and Save America's Forests.
Simple measures can yield big greenhouse gas cuts, scientists say
New technologies and policies that save energy, remove atmospheric carbon and limit greenhouse gas emissions are needed to fight global climate change - but face daunting technological, economic and political hurdles, a Michigan State University scientist said.
Growth versus global warming
Houses on stilts, small scale energy generation and recycling our dishwater are just some of the measures that are being proposed to prepare our cities for the effects of global warming.
Concentrating emissions
Researchers at MIT have shown the benefits of a new approach toward eliminating carbon-dioxide (CO2) emissions at coal-burning power plants.
Smaller isn't always better: Catalyst simulations could lower fuel cell cost
Imagine a car that runs on hydrogen from solar power and produces water instead of carbon emissions. While vehicles like this won't be on the market anytime soon, University of Wisconsin-Madison researchers are making incremental but important strides in the fuel cell technology that could make clean cars a reality.
Scientists say climate change mitigation strategies ignore carbon cycling processes of inland waters
In the paper, The Boundless Carbon Cycle, published in the September issue of Nature Geoscience, scientists from the University of Vienna, Uppsala University in Sweden, University of Antwerp, and the U.S. based Stroud™ Water Research Center argue that current international strategies to mitigate manmade carbon emissions and address climate change have overlooked a critical player - inland waters.
Agricultural methods of early civilizations may have altered global climate, study suggests
Massive burning of forests for agriculture thousands of years ago may have increased atmospheric carbon dioxide enough to alter global climate and usher in a warming trend that continues today, according to a new study that appears online Aug. 17 in the journal Quaternary Science Reviews.
Hybrid vehicle rebates produce scant environmental benefits, high cost
Despite major costs to taxpayers in the U.S. and Canada, government programs that offer rebates to hybrid vehicle buyers are failing to produce environmental benefits, a new UBC study says.
Family planning a major environmental impact
Some people who are serious about wanting to reduce their "carbon footprint" on the Earth have one choice available to them that may yield a large long-term benefit - have one less child.
Humans
Mounting evidence that human activity is changing the world's oceans in profound and damaging ways is outlined in a new scientific discussion paper released today.
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