Economics and Management of Climate Change: Risks, Mitigation and Adaptation

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Bernd Hansjürgens, Ralf Antes
Springer Science & Business Media, 2008 M07 1 - 304 pages

Climate change is one of the biggest challenges for mankind. Although there is increasing evidence that climate change is already occurring, there is neither sufficient knowledge as to what extent climate change poses risks to societies and companies, nor about adequate strategies to cope with these risks.

Bringing together an international group of scholars from environmental economics, political science and business, this book describes, analyses and evaluates climate change risks and responses of societies and companies. The book contributes to the question of how climate change can be mitigated by discussing efficient and effective design of mitigation measures, in particular emissions trading and clean development mechanism (CDM). Placing special emphasis on the impact of climate change risks on business, the book investigates in which way selected sectors of the economy are affected and what measures they can undertake to adapt to climate change risks.

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Contents

Preface and acknowledgements
1
emissions trading and
7
Evaluation of risk in costbenefit analysis of climate change
23
A global climate change risk assessment of droughts and floods
37
Effects of low water levels on the river Rhine on the inland
53
a layered management
78
implications for the economic uncertainties
97
how
124
Sustainable development the Clean Development Mechanism
175
Risk management in the Clean Development Mechanism CDM
193
Economic and social risks associated with implementing
208
Developments in corporate responses to climate change
221
Modelling impacts of climate change policy uncertainty
242
Reputational impact of businesses compliance strategies
257
climate change risk
271
Business risks and opportunities from climate change
293

realizing
145

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Page 146 - Such a level should be achieved within a timeframe sufficient to allow ecosystems to adapt naturally to climate change, to ensure that food production is not threatened and to enable economic development to proceed in a sustainable manner.
Page 146 - The Conference of the Parties, as the supreme body of this Convention, shall keep under regular review the implementation of the Convention...
Page 83 - Vulnerability is the degree to which a system is susceptible to, or unable to cope with, adverse effects of climate change, including variability and extremes. Vulnerability is a function of the character, magnitude, and rate of climate change and variation to which a system is exposed, its sensitivity and its adaptive capacity.
Page 143 - Bailey (2000), Markets for Clean Air: The US Acid Rain Program, Cambridge University Press, Cambridge.
Page 179 - ... its rates of use of non-renewable resources do not exceed the rate at which sustainable renewable substitutes are developed; and (3) its rates of pollution emission do not exceed the assimilative capacity of the environment.
Page 274 - The critical feature of these relationships is that the fiduciary undertakes or agrees to act for or on behalf of or in the interests of another person in the exercise of a power or discretion which will affect the interests of that other person in a legal or practical sense.
Page 2 - warming of the climate system is unequivocal, as is now evident from observations of increases in global average air and ocean temperatures, widespread melting of snow and ice, and rising global mean sea level
Page 183 - Its Secretariat provided delegates with materials for a convention on biodiversity, but not on free trade; on forests but not on agribusiness; on climate but not on automobiles. Agenda 21 [...] featured clauses on 'enabling the poor to achieve sustainable livelihoods' but none on enabling the rich to do so; a section on women but none on men. By such deliberate evasion of the central issues which economic expansion poses for human societies, UNCED condemned itself to irrelevance even before the first...
Page 3 - vulnerability' we mean the characteristics of a person or group in terms of their capacity to anticipate. cope with. resist. and recover from the impact of a natural hazard.

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