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CONTROLLING GREENHOUSE GASES: A SURVEY OF GLOBAL MACROECONOMIC STUDIES *
Author(s) -
Clarke Rosemaiy,
Boero Gianna,
Winters L. Alan
Publication year - 1996
Publication title -
bulletin of economic research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.227
H-Index - 29
eISSN - 1467-8586
pISSN - 0307-3378
DOI - 10.1111/j.1467-8586.1996.tb00636.x
Subject(s) - greenhouse gas , economics , natural resource economics , product (mathematics) , gross domestic product , term (time) , key (lock) , environmental economics , macroeconomics , ecology , physics , geometry , mathematics , quantum mechanics , biology
A conceptual framework which identifies the main determinants of the macroeconomic costs of abating greenhouse gases is developed. This is used to survey long‐term quantitative studies of abatement, especially their modelling approaches and choices of key parameters. These studies suggest that each 20% abatement below business‐as‐usual emissions is likely to cost approximately 1% of gross world product.