Ch-18 - Lec - 13-14
Ch-18 - Lec - 13-14
Ch-18 - Lec - 13-14
Field Chapter 18
Lecture 13-14
Instructor: Tural Gojayev
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Global Climate Change
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Greenhouse effect
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“Greenhouse Effect”
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Table 18.1 Major Greenhouse Gases
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Global Warming
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Human and Ecosystem Impacts
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Human and Ecosystem Impacts
(cntd)
The drowning of coastal wetlands throughout
the world could have important impacts on
fisheries, and thus on societies that rely
heavily on marine resources.
Another potential impact of great importance
is the increased acidification of the oceans
caused by higher levels of atmospheric CO2,
which reacts with water to create carbonic
acid.
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Human and Ecosystem Impacts
(cntd)
Some of the biggest impacts on humans will
be through the effects of changed climate
patterns on agriculture and forestry.
It is generally thought that the agricultural
impacts of atmospheric warming will hit
developing nations harder than developed
countries.
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Scientific Uncertainties and Human
Choice
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Technical Responses to the
Greenhouse Effect
There are many things that could be done to
mitigate CO2 emissions, and that these come
at different costs.
The primary means of reducing the warming
lies in reducing the output of GHG and/or
augmenting the GHG-absorbing capacity of
the natural world. Because CO2 is the main
GHG, we focus on the issue of reducing
global CO2 emissions.
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4 factors of CO2 emissions
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Reducing Domestic GHG Emissions
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Reducing Domestic GHG Emissions
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Incentive-Based Approaches for
Reducing Greenhouse Gas Emissions
When there are substantial differences
among sources and technologies in terms of
the costs of reducing GHG emissions, the
use of incentive-based policies can be
substantially valuable than traditional
command and control policies.
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Incentive-Based Approaches for
Reducing Greenhouse Gas Emissions
Two major type of incentive-based
approaches:
1) cap-and-trade plans and
2) emission taxes or charges.
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Two major type of incentive-based
approaches:
Cap-and-trade is a quantity-based plan, in
which a quantitative limit is placed on
emissions and prices are established on
emission permit markets.
The use of emission taxes is a price-based
policy, where a monetary fee on emissions is
set and the quantity of emissions is adjusted
as polluters react to that fee.
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Conslusion for first part of lecture
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Conslusion for first part of lecture
(cntd)
The primary means of reducing the warming
lies in reducing the output of GHG and/or
increasing the GHG-absorbing capacity of the
natural world.
Given the long histories of command-and-
control policies in different countries, many
are likely to be attracted to technology or
emission standards.
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International Efforts in Global
Warming.
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The Kyoto Protocol
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“The Kyoto Protocol” ratification
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The Kyoto Protocol
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The Kyoto Protocol (Annex 1)
“Emission permit”
1) International emission trading: Annex B
countries could alter their GHG cutback
responsibilities by buying or selling emission
quantities among themselves.
Thus, one country could cut emissions by
more than that is required, and sell the
excess to another country, which may then
cut back by a smaller amount.
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The Kyoto Protocol (Annex 1)
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The Kyoto Protocol (Annex 1)
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A New Global Greenhouse Climate
Agreement
One idea could be to first develop a series of
regional CAP programs, as in the ETS and
the Regional Greenhouse Gas Market of the
north-eastern United States.
Once these markets are functioning smoothly
they could be tied together by allowing inter-
program trading.
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Monitoring and Enforcing
In international agreements, real questions
come up about monitoring and enforcing.
Self-monitoring - by the individual countries
is likely to be the only practical solution to this
issue because it is unlikely that countries
would willingly permit international monitoring
efforts.
The “United Nations” lacks executive power
to enforce international environmental
agreements.
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Estimating the Social Cost of Carbon
Social cost of carbon (SCC) is a marginal
value: a monetary estimate of the global
external costs of one CO2- equivalent ton of
future GHGs.
Estimating the SCC involves dealing with all
the uncertainties of climate change, both the
uncertainties of scientists who are trying to
understand the physical effects and natural
and social scientists trying to predict impacts
on humans and other elements of the
biosphere.
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TABLE 18.4 Social Cost of CO2,
2015–2050*
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Biological Diversity
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Maintenance of Habitats
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System of Property Rights
The suggestion is to clarify property rights
in wild species and let countries themselves
exercise these property rights in world
markets for genetic information.
By allowing them to sell the rights to parts of
the genetic stock, countries would have a
way of realizing the values inherent in these
stocks and would therefore be motivated to
devote more effort and resources to their
protection.
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Ecoturism
In some places of the world, a market has
developed for the services of endangered
species in the form of ecotourism.
Conservation by landowners and others
creates value in the sense that people are
willing to pay the landowner for opportunities
to observe or photograph species in their
preserved natural habitat.
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Summary