Economic Case for Climate Change Mitigation

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Economic Case for Climate Change Mitigation

Post by ALEO Admin » Mon Jul 13, 2015 11:34 am

A new research paper from the Grantham Research Institute on Climate Changed at the London School of Economics makes the case that it is in a country's best interest to commit to ambitious greenhouse gas emissions cuts.

The abstract for the research paper published on 13 July 2015 and titled, Nationally Self-Interested Climate Change Mitigation: A Unified Conceptual Framework states:
Social scientists have long assumed that actions by states to reduce their greenhouse gas emissions are not in their self-interest because the domestic costs outweigh the domestic benefits and they can “free-ride” on the emissions reductions achieved by others states.
Climate change action, on this logic, is a global “tragedy of the commons” and “prisoner’s dilemma”. While this view is increasingly being challenged by theory and evidence suggesting that much mitigation action would be in states’ self-interest, this emerging literature is fragmented and has not succeeded in overturning the traditional assumptions, at least not in key social science reference works such as the reports of Working Group III of the Intergovernmental Panel on Climate Change. This paper seeks to rectify this problem by developing a unified conceptual framework for advancing and evaluating claims about the extent of mitigation action that could be done in states’ self-interest, defined (for the sake of facilitating debate) in terms of economic efficiency. The paper concludes that there is a strong prima facie case that the majority of the emissions reductions needed to decarbonise the global economy can be achieved in ways that are nationally net-beneficial to countries, even leaving aside the climate benefits. Accordingly, the default assumption in social science scholarship should be that actions to reduce emissions are nationally net-beneficial. The barriers to mitigation action lie, primarily, not in the macro-incentive structures of states (i.e. climate action is, mostly, not a tragedy of the commons / prisoner’s dilemma) but rather within the domestic sphere, at the intersection of domestic interests, institutions and ideas formed in the fossil fuel age.
To read the full paper, visit:
http://www.lse.ac.uk/GranthamInstitute/ ... amework-2/

bazooka
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Re: Economic Case for Climate Change Mitigation

Post by bazooka » Tue Sep 25, 2018 8:45 am

This is an interesting article. I enjoy the fact that many green initiatives actually have a net benefit in terms of cost. This is in contrast to the traditional thought that sustainability comes at a price premium. I do personally believe that we need to make the efforts ourselves to have sustainable conduct in our lives. In a similar fashion to this article, the usage of energy efficient appliances will have a net benefit overtime in a monetary sense when compared to more wasteful methods. This is a website that I used to try and find more energy efficient appliances in my home:https: https://www.greenmatch.co.uk/solar-energy/solar-panels

bazooka
Posts: 3
Joined: Tue Jul 31, 2018 1:48 pm

Re: Economic Case for Climate Change Mitigation

Post by bazooka » Tue Sep 25, 2018 8:48 am

This is an interesting article. I enjoy the fact that many green initiatives actually have a net benefit in terms of cost. This is in contrast to the traditional thought that sustainability comes at a price premium. I do personally believe that we need to make the efforts ourselves to have sustainable conduct in our lives. In a similar fashion to this article, the usage of energy efficient appliances will have a net benefit overtime in a monetary sense when compared to more wasteful methods. This is a website that I used to try and find more energy efficient appliances in my home:https: https://www.greenmatch.co.uk/solar-energy/solar-panels

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