PUP-4203 Lecture Notes - Lecture 10: Dopant, Green Climate Fund, Climate Change Mitigation
Document Summary
Concepts: stern review, miigaion, adaptaion, montreal protocol, kyoto protocol, unfccc. Atempted to do a cost beneit analysis of climate change prevenion. How much it would cost to reduce amount of carbon emissions and therefore miigate temperature increases. The costs are human causes, energy producion, land use. Most of the beneits are characterized in those of human health and well being and ignoring ecological beneits. Baseline climate: total value of impacts if we choose to do nothing. High climate: 400 ppm is equivalent to 1 to 2 degrees warming. Non market impacts: species going exinct, more controversial 13. 8% To stabilize carbon dioxide emission levels at 400 ppm it would cost us 1% of world wide gdp. 1 trillion for 5. 3% back makes it worth it. He uses . 1% of a discount rate, Market discount rates for businesses are 5-10% If you change discount rate you get a diferent result.
