The Australian Government Department of the Environment and Water Resources (formerly the Department of the Environment and Heritage) develops and implements national policy, programs and legislation to protect and conserve Australia's natural environment and cultural heritage.
Effectively understanding the potential costs and benefits of mitigating climate change allows policy-makers to develop policies that achieve the greatest emissions abatement for the resources expended, secure greater participation and compliance, and maximize the environmental effectiveness of the mitigation effort.
The objective of the Pew Center’s Economics Program is to advance public and private policy-makers’ understanding of the complex interactions between the climate change problem and the economy. We work to inform this understanding by bringing sound, credible analysis to the discussion of potential costs and benefits of climate change policy.
Climate change presents a unique challenge for economics: it is the greatest example of market failure we have ever seen. The economic analysis must be global, deal with long time horizons, have the economics of risk and uncertainty at its core, and examine the possibility of major, non-marginal change.
Economics of global warming
From Wikipedia, the free encyclopedia
The economics of global warming refers to the projected size and distribution of the economic costs and benefits of global warming, and to the economic impacts of actions aimed at the mitigation of global warming. Estimates come from a variety of sources, including integrated assessment models, which seek to combine socio-economic and biophysical assessments of climate change.
Economic Issues Relevant to Costing
Climate Change Impacts
This study is one of two complementary studies commissioned by the Australian Government, through the Australian Greenhouse Office (AGO), on the impact costs of climate change
Recognizing the problem of potential global climate change, the World Meteorological Organization (WMO) and the United Nations Environment Programme (UNEP) established the Intergovernmental Panel on Climate Change (IPCC) in 1988. It is open to all members of the UN and WMO.
Given the level of attention being focused on the energy sector and climate
change issues nationally and internationally, CSIRO commissioned ABARE to undertake analysis of a series of illustrative global greenhouse gas emission reduction scenarios developed by the Energy Futures Forum. These scenarios range from early to late abatement of greenhouse gas emissions with several advanced technologies including carbon capture and storage.
In addition, a further scenario developed by ABARE is described. This
report contains the analysis of policy scenarios using ABARE’s global trade and environment model.