Publications Published in Climate Policy

1. Carbon reduction in the real world: how the UK will surpass its Kyoto obligations. Eyre, N.
   Climate Policy: 2001
   Notes
   Carbon dioxide emissions from UK energy use have fallen by more than 20% over the last 30 years, and carbon intensity — carbon emissions per unit of GDP — has halved. These reductions have been achieved by a combination of decarbonisation of the energy system and substantial improvements in energy efficiency. Use of natural gas in power generation has been a big factor in recent years, but energy efficiency improvements in households and particularly industry have been more important over a longer period. Government policies designed primarily to address climate change have not been important contributors, until recently. Future reductions in emissions will require more proactive policies. However, they are possible without any economic difficulties, notably by adopting cost-effective energy efficiency measures, using new renewable energy sources and reducing dependence on private cars. These policies will improve economic efficiency. The new UK Climate Change Programme includes policies that combine regulation, investment, fiscal measures and other economic instruments. By working with the grain of other social, environmental and economic policies, they can achieve far more than a carbon tax alone, set at any politically acceptable level. Modelling the costs of emission reductions using a carbon tax as the only instrument would not only massively over-estimate costs, it would bear little resemblance to real world politics. The paper demonstrates that a more diverse set of policy instruments is likely to be an effective and politically acceptable approach in a mature industrial economy. It is concluded that the UK’s Kyoto target of a 12.5% reduction in greenhouse gas emissions is not challenging. The UK Government’s target of reducing carbon dioxide emissions by 20% between 1990 and 2010 is also achievable. By 2010 per capita emissions from the UK will be well below 2.5 tC per year. Claims that some countries, notably the USA, could not reduce per capita emissions below 6 tC per year seem inconsistent with this experience.
   
   
   
2. Integrated assessment of abrupt climatic changes. Mastrandrea, Michael D; Schneider, Stephen H.
   Climate Policy: 2001
   Notes
   One of the most controversial conclusions to emerge from many of the first generation of integrated assessment models (IAMs) of climate policy was the perceived economic optimality of negligible near-term abatement of greenhouse gases. Typically, such studies were conducted using smoothly varying climate change scenarios or impact responses. Abrupt changes observed in the climatic record and documented in current models could substantially alter the stringency of economically optimal IAM policies. Such abrupt climatic changes — or consequent impacts — would be less foreseeable and provide less time to adapt, and thus would have far greater economic or environmental impacts than gradual warming. We extend conventional, smooth IAM analysis by coupling a climate model capable of one type of abrupt change to a well-established energy–economy model (DICE). We compare the DICE optimal policy using the standard climate sub-model to our version that allows for abrupt change — and consequent enhanced climate damage — through changes in the strength (and possible collapse) of the North Atlantic thermohaline circulation (THC). We confirm the potential significance of abrupt climate change to economically optimal IAM policies, thus calling into question all previous work neglecting such possibilities — at the least for the wide ranges of relevant social and climate system parameters we consider. In addition, we obtain an emergent property of our coupled social–natural system model: "optimal policies" that do consider abrupt changes may, under relatively low discount rates, calculate emission control levels sufficient to avoid significant abrupt change, whereas "optimal policies" disregarding abrupt change would not prevent this non-linear event. However, there is a threshold in discount rate above which the present value of future damages is so low that even very large enhanced damages in the 22nd century, when a significant abrupt change such as a THC collapse would be most likely to occur, do not increase optimal control levels sufficiently to prevent such a collapse. Thus, any models not accounting for potential abrupt non-linear behavior and its interaction with the discounting formulation are likely to miss an important set of possibilities relevant to the climate policy debate.
   
   
   
3. Interim targets and the climate treaty regime. O'Neill, Brian C; Oppenheimer, Michael; Petsonk, Annie.
   Climate Policy: 2006
   Notes
   We propose that international climate change policy would be strengthened by the development and adoption of targets for atmospheric concentrations of greenhouse gases 25–50 years in the future in addition to near- and long-term targets. ‘Interim concentration targets’, which could be accommodated under the current Convention/Protocol framework, would provide several advantages over the current focus on either the short term (e.g. Kyoto Protocol) or the long term (e.g. ultimate stabilization targets). Interim targets would help constrain rates of climate change (which are not sufficiently addressed by short- or long-term targets, even when paired together). They would also provide a means for keeping open the option of achieving a range of long-term goals while uncertainty (and political disagreement) over the appropriate goal is resolved. We substantiate a number of rationales for such an approach, discuss the use of interim targets in other contexts, and illustrate how such targets for climate change policy might be set.