Evaluation Endpoints and Climate Policy: Atmospheric Stabilization, Benefit-Cost Analysis, and Near-Term Greenhouse-Gas Emissions

@article{Hammitt1999EvaluationEA,
  title={Evaluation Endpoints and Climate Policy: Atmospheric Stabilization, Benefit-Cost Analysis, and Near-Term Greenhouse-Gas Emissions},
  author={James K. Hammitt},
  journal={Climatic Change},
  year={1999},
  volume={41},
  pages={447-468}
}
The Framework Convention on Climate Change calls for stabilizing atmospheric concentrations of carbon dioxide and other greenhouse gases. In contrast, many economists espouse the goal of minimizing the present value of abatement costs and damages. The choice between evaluation endpoints – least-cost stabilization and maximization of benefits less costs – involves a tradeoff between accuracy and relevance. Atmospheric concentrations associated with candidate abatement policies can be more… CONTINUE READING

Citations

Publications citing this paper.
SHOWING 1-10 OF 21 CITATIONS