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El. knyga: Greenhouse Economics: Value and Ethics

(Commonwealth Scientific and Industrial Research Organization (CSIRO), Australia)
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Examining one of the most crucial issues in the modern world: human induced climate change, here Clive Spash provides a refreshing interdisciplinary perspective, pulling together strands of natural science, economics and ethics. Described by John Gowdy as ‘the best exposition to date on the political economy of climate policy’, this remarkable volume poses serious questions and gives intelligent answers. The issues it addresses are relevant to a range of environmental problems, and it covers themes such as:

  • How do we deal with uncertainty and ignorance?
  • What roles do science and economics play in policy formation?
  • To what extent should individuals take responsibility for the society in which they and their descendants live?

By rigorously examining international and governmental sources, and key contemporary issues, Spash provides an up-to-date and informative analysis. A well-organized study (including a glossary and helpful acronym list), this book will be of strong interest to students and academics in the fields of ecological and environmental economics, and is essential reading for all those to whom climate change is a professional or personal concern.

List of figures
x
List of tables
xi
Acknowledgements xiii
List of abbreviations
xv
Climate change: introducing some of the issues
1(24)
Air pollution and the modern economy
2(3)
Economic understanding of pollution
5(1)
The scientific problem
6(5)
A brief historical overview of developing awareness of the enhanced Greenhouse Effect
11(9)
Values and ethical concerns
20(1)
Conclusions
21(4)
Scientific understanding of the enhanced Greenhouse Effect
25(35)
Global climatic patterns
26(6)
Sources and sinks of greenhouse gases
32(8)
Greenhouse gas emission trends
40(8)
Past and future trends in global climate
48(5)
Conclusions
53(7)
Impacts of global climate change
60(37)
Regional impacts of greenhouse warming
63(13)
Intertemporal impacts of global warming
76(11)
Conclusions
87(10)
Weak uncertainty: risk and imperfect information
97(23)
The probability of the enhanced Greenhouse Effect
98(9)
Measuring and predicting climatic change
107(3)
The role of modelling
110(5)
Conclusions
115(5)
Strong uncertainty: ignorance and indeterminacy
120(33)
Characterising future events
123(5)
Economic use of weak uncertainty
128(3)
How weak is weak uncertainty?
131(3)
From weak to strong uncertainty
134(7)
The changing perception of science
141(6)
Conclusions
147(6)
Calculating the cost and benefits of GHG control
153(31)
The theory behind economic assessment
154(6)
Studies using cost--benefit analysis
160(17)
Conclusions
177(7)
Loading the dice? Values, opinions and ethics
184(17)
Inconsistency and disputed values
185(7)
Strong uncertainty revisited
192(5)
Conclusions
197(4)
Dividing time and discounting the future
201(20)
Discounting the future
203(6)
Can the future be treated as less important?
209(6)
Conclusions
215(6)
Economics, ethics and future generations
221(30)
Intergenerational ethical rules
223(3)
Distinguishing basic and compensatory transfers
226(5)
Harm and trade-offs
231(2)
Rights versus consequences
233(4)
Conflicting values and moral dilemmas
237(5)
Conclusions
242(9)
Science, economics and policy
251(32)
Science and political economy
252(6)
Choices and decisions
258(7)
Redefining economic inquiry
265(3)
Preferences, value and time
268(9)
Concluding remarks
277(6)
Glossary 283(3)
Index 286
Professor Clive Spash is the Head of the Socio-Economic Research Programme at the Macaulay Institute and also holds the Research Chair in Environmental and Rural Economics at the University of Aberdeen. He is President of the European Society for Ecological Economics.