Valuing Climate Change: The Economics of the Greenhouse

PART 1: INTRODUCTION AND OVERVIEW Economics and Climate Change PART 2: THE ECONOMIC COSTS OF GLOBAL WARMING Overview: Global Warming Damage The Economic Costs of CO2 Concentration Doubling The Marginal Social Costs per Unit Emitted The Costs of Adaptation: The Case of Sea Level Rise PART 3: GLOBAL WARMING POLICY The Costs of Greenhouse Gas Abatement Policy Instruments and Carbon Tax Discounting The Optimal Policy Response to Global Warming International Cooperation Conclusions: Open Questions and State of the Art