The Ethiopian economy relies predominantly on rainfed agriculture for income generation, export earnings, and rural livelihoods. However, the frequency and intensity of extreme ago-climatic events projected by climate scenarios suggest considerable and growing risks from climate change to the country’s agri-food systems and the overall economy. This study assesses the economic impacts of recurrent climate shocks on the Ethiopian economy to 2040. The results indicate that recurrent climate shocks will lead to a reduction in Ethiopia's cumulative GDP from 2020 to 2040 compared to a “no climate change” baseline. Specifically, extreme weather events could cumulatively cost Ethiopia up to 17 percent (or US$ 534.3 billion) in GDP between 2020 and 2040 compared to a no-climate change baseline. The weight of the economic loss is concentrated in the agricultural production sector, with rural households and poorer households in urban areas being worst affected. Strategic investments in irrigation infrastructure and in hydroelectricity generation are found to be effective in mitigating some of the damage caused by recurrent climate variability.
As an essential component for economic growth, energy has a significant impact on the global economy. The need to meet growing energy demand has prompted cutting-edge innovation in clean technology in an attempt to realise environmental and cost objectives, whilst ensuring the security of energy supply. This Handbook offers a comprehensive review of the economics of energy, including contributions from a distinguished array of international specialists. It provides a thorough discussion of the major research issues in this topical field of economics. Themes addressed include the theory of energy supply, demand and policy, empirical modelling of energy demand, holistic energy models, an analysis of coal, gas, electricity, oil and the markets within which they operate, and a discussion of the current key energy policy issues. The topics of pricing, transmission, regulation, security, energy efficiency, new technologies and climate change are also discussed. The International Handbook on the Economics of Energy presents a comprehensive overview of the state-of-the-art research making it an indispensable reference for researchers, advanced students, practitioners and policy-makers alike.
This open access book analyzes and seeks to consolidate the use of robust quantitative tools and qualitative methods for the design and assessment of energy and climate policies. In particular, it examines energy and climate policy performance and associated risks, as well as public acceptance and portfolio analysis in climate policy, and presents methods for evaluating the costs and benefits of flexible policy implementation as well as new framings for business and market actors. In turn, it discusses the development of alternative policy pathways and the identification of optimal switching points, drawing on concrete examples to do so. Lastly, it discusses climate change mitigation policies’ implications for the agricultural, food, building, transportation, service and manufacturing sectors.
The WSPC Reference on Natural Resources and Environmental Policy in the Era of Global Change provides a comprehensive and prominent reference of various highly authoritative volumes of long-term scientific value, for milestone concepts and theories. The books in the reference set are edited by leading experts in the fields of: Game Theory, International Relations and Global Politics, Computable General Equilibrium (CGE): Economy-Wide Modeling, and Experimental Economics. Each book in the reference set includes chapters that are laid out by recognized, broadly respected researchers, in fields associated with issues related to natural resources and environmental policy in the era of global change. The reference set focuses on the economic and strategic aspects of interactions among various parts of society, all dependent on the availability and utilization of limited natural resources and their impact on the environment. Policy implications are addressed, including current challenges and future perspectives.The combination of the four books provides a unique perspective on the issues that engage the public discourse of researchers and policy-makers at state, regional, and global levels. Each of the books in the reference set and all four books as a whole provide coverage of disciplines and angles through which the reader can obtain an understanding of the state-of-the-art of dealing with natural resources and environmental policy in the era of global change. The books in the reference set complement each other and provide a scientific understanding of our ability to address the issues covered.
This Research Topic is a part of the Delft 2021: 1st Sociohydrology Conference series. To view the other sessions please follow the links below: Innovating a New Knowledge Base for Water Justice Studies: Hydrosocial, Sociohydrology, and Beyond Scale Issues in Human-Water Systems Water Resources and Human Behavior: Analysis and Modeling of Coupled Water-Human Systems Feedbacks and Coevolution Innovative Sensing, Observing, Measuring and Analysing Human-Water Data “Pluralistic water research” integrates the hydrological and the social to provide sustainable solutions to water crises. While relying upon robust quantitative modelling, sociohydrology captures crises across many waters (surface, ground and interstitial) along quantity and quality dimensions, hydrosocial unfurls power hierarchies in access to safe and required quota of water, be it for drinking or irrigation purposes. The success of engineering solutions laying out “hard” interventions such as solar powered irrigation, dams, high yielding crop varieties, water treatment plants and water distributions and purifications depend on “soft” socio-political, cultural and psychological variables like the political landscape, community behaviours and governance arrangements. How these soft parameters limit or advance the effect of hard interventions await more enhanced modelling and place-based qualitative analyses to disentangle various cause-effect pathways. While historical and process-based sociohydrology accommodates detailed temporal datasets and causal relationships across human-water systems, the hydrosocial paradigm reconciles “non-modern”, anti-hegemonic, water techniques and knowledge systems, animating local agencies within specific hydroscapes. This issue is dedicated to capture real time innovations through which water challenges have been confronted. It intends to unravel “storylines” along actionable water projects, reflecting on mediations across multiple actors and networks in specific spatio-temporal and cultural contexts, finally drawing our attention to the correlation between projected promises and actual realities. Situated at the crossroads of “boundary work”, we invite articles that will deploy a range of interdisciplinary frameworks like RANAS (Risk, Attitude, Norms, Ability, and Self-regulation), APIE (Awareness, Participation, Involvement and Engagement), HUPE (Historical Urban Political Ecology), etc. to demonstrate coupled sociohydrological and hydrosocial realties and in turn getting informed by empirical insights emanating from these actual water interventions. The final aim of the special issue is not to showcase water just actual interventions but to elicit a rigorous mapping of sustainable processes facilitating collective co-production of resilient water trajectories.
This book presents in detail a pair of models of the economics of climate change. The models, called RICE-99 (for the Regional Dynamic Integrated model of Climate and the Economy) and DICE-99 (for the Dynamic Integrated Model of Climate and the Economy) build on the authors' earlier work, particularly their RICE and DICE models of the early 1990s. Humanity is risking the health of the natural environment through a myriad of interventions, including the atmospheric emission of trace gases such as carbon dioxide, the use of ozone-depleting chemicals, the engineering of massive land-use changes, and the destruction of the habitats of many species. It is imperative that we learn to protect our common geophysical and biological resources. Although scientists have studied greenhouse warming for decades, it is only recently that society has begun to consider the economic, political, and institutional aspects of environmental intervention. To do so raises formidable challenges of data modeling, uncertainty, international coordination, and institutional design. Attempts to deal with complex scientific and economic issues have increasingly involved the use of models to help analysts and decision makers understand likely future outcomes as well as the implications of alternative policies. This book presents in detail a pair of models of the economics of climate change. The models, called RICE-99 (for the Regional Dynamic Integrated model of Climate and the Economy) and DICE-99 (for the Dynamic Integrated Model of Climate and the Economy) build on the authors' earlier work, particularly their RICE and DICE models of the early 1990s. They can help policy makers design better economic and environmental policies.
This Congressional Budget Office (CBO) study--prepared at the request of the Ranking Member of the House Committee on Science--presents an overview of issues related to climate change, focusing primarily on its economic aspects. The study draws from numerous published sources to summarize the current state of climate science and provide a conceptual framework for addressing climate change as an economic problem. It also examines public policy options and discusses the potential complications and benefits of international coordination. In keeping with CBO's mandate to provide impartial analysis, the study makes no recommendations.
Five case studies on mitigation actions (MAs) in developing countries illustrate the rich diversity of climate action. Researchers from Brazil, Chile, Colombia, Peru and South Africa reflect on what is possible in their countries. Case studies reflect the sheer diversity of NAMAs: from a ‘Pronami’ on efficient lighting in Peru, to longer-term challenges of rising energy emissions in Brazil, and much else. The book compares the similarities and differences across eight elements that could assist in developing and implementing mitigation. The comparative analysis highlights both how challenging implementation can be in the context of development, but also points to factors that might enable ambitious mitigation. The comparison suggests that choice of Mas may be linked to institutional capacity, the resources a country is endowed with and hence its emissions profile. International support can be an important global enabler. The authors find that addressing both development and climate objectives is key. This book fills an important gap in the literature from developing country authors about mitigation actions in their own countries. This book was published as a special issue of Climate and Development.
Climate change is one of the greatest challenges of this century. Mitigation requires a large-scale transition to a low-carbon economy. This paper provides an overview of the rapidly growing literature on the role of macroeconomic and financial policy tools in enabling this transition. The literature provides a menu of policy tools for mitigation. A key conclusion is that fiscal tools are first in line and central, but can and may need to be complemented by financial and monetary policy instruments. Some tools and policies raise unanswered questions about policy tool assignment and mandates, which we describe. The literature is scarce, however, on the most effective policy mix and the role of mitigation tools and goals in the overall policy framework.
This study, Indus basin of Pakistan: the impacts of climate risks on water and agriculture was undertaken at a pivotal time in the region. The weak summer monsoon in 2009 created drought conditions throughout the country. This followed an already tenuous situation for many rural households faced with high fuel and fertilizer costs and the impacts of rising global food prices. Then catastrophic monsoon flooding in 2010 affected over 20 million people, devastating their housing, infrastructure, and crops. Damages from this single flood event were estimated at US dollar 10 billion, half of which were losses in the agriculture sector. Notwithstanding the debate as to whether these observed extremes are evidence of climate change, an investigation is needed regarding the extent to which the country is resilient to these shocks. It is thus timely, if not critical, to focus on climate risks for water, agriculture, and food security in the Indus basin of Pakistan.
