The polluter pays principle tells us that whoever is responsible for producing pollution is alsoresponsible for paying for the damage caused by the pollution (OECD, 1992). So anyone whoseactivities lead to the emission of a tonne of carbon dioxide (CO2) should be taxed for the extradamage that...

The future of U.S. transport energy requirements and emissions is uncertain. Transport policy research hasexplored a number of scenarios to better understand the future characteristics of U.S. light-duty vehicles.Deterministic scenario analysis is, however, unable to identify the impact of...

Transport policy research seeks to predict and substantially reduce the future transport-related greenhouse gasemissions and fuel consumption to prevent negative climate change impacts and protect the environment.However, making such predictions is made difficult due to the uncertainties...

A new version of the PAGE integrated assessment model, PAGE09, is introduced. The mostimportant scientific, impact, emission and adaptation inputs in the latest default version of themodel, PAGE09 v1.7 are described. The scientific and economic impact results are presented for abusiness as usual...

The PAGE09 model is a greatly revised update of the PAGE2002 integrated assessment model ofclimate change. It calculates the impacts of climate change and the costs of abatement andadaptation policies under uncertainty for eight world regions and ten time periods...

What would be the effect of CO2 pricing on global oil supply and demand? This paper introduces a model describing the interaction between conventional and non-conventional oil supply in a Hotelling framework and under CO2 constraints. The model assumes that non-conventional crude oil enters the...

In 2010, as part of a rulemaking on efficiency standards, the U.S. government published its first estimates of the benefits of reducing CO<Subscript>2</Subscript> emissions, referred to as the social cost of carbon (SCC). Using three climate economic models, an interagency task force concluded that regulatory impact...</subscript>

Recent thinking about the economics of climate change has concerned the uncertainty about the upper bound of both climate sensitivity to greenhouse gases and the damages that might occur at high temperatures. This argument suggests that the appropriate probability distributions for these factors...

This article examines the issue of whether low-carbon growth might be in the self-interest of Brazil, India, and China. These countries are the largest member countries of the G20 emerging markets (GEMs), and are also members of the BRIC and BASIC grouping of countries. Individually, they are...

The US government must use an official estimate of the “social cost of carbon” (SCC) to estimate carbon emission reduction benefits for proposed environmental standards expected to reduce CO<Subscript>2</Subscript> emissions. The SCC is a monetized value of the marginal benefit of reducing one metric ton of CO<Subscript>2</Subscript>....</subscript></subscript>