Bashmakov, I, C Jepma, P Bohm, S Gupta, Erik Haites, T Heller, JP Montero, et al. “Policies, Measures, and Instruments.” In Climate Change 2001: Mitigation, Intergovernmental Panel on Climate Change, Third Assessment Report, Working Group III, Chapter 6. Cambridge, UK; New York: Cambridge University Press, 2001.ipcc_ar3_chapter_6.pdf
Review: "Robert N. Stavins has emerged as one of the most influential voices in environmental economics over the last decade and a half. These twenty-three essays on environmental economics and policy, written by Professor Stavins and his co-authors over the period 1988-1999, originally appeared in a diverse set of leading scholarly periodicals and are here collected for the first time." "Students, scholars, practitioners and policymakers will find this volume a valuable and very useful addition to their collection."–Jacket.
The possibility of encouraging the growth of forests as a means of sequestering carbon dioxide has received considerable attention, partly because of evidence that this can be a relatively inexpensive means of combating climate change. But how sensitive are such estimates to specific conditions? We examine the sensitivity of carbon sequestration costs to changes in critical factors, including the nature of management and deforestation regimes, silvicultural species, relative prices, and discount rates.
We develop a methodology for testing Hicks's induced innovation hypothesis by estimating a product-characteristics model of energy-using consumer durables, augmenting the hypothesis to allow for the influence of government regulations. For the products we explored, the evidence suggests that (i) the rate of overall innovation was independent of energy prices and regulations; (ii) the direction of innovation was responsive to energy price changes for some products but not for others; (iii) energy price changes induced changes in the subset of technically feasible models that were offered for sale; (iv) this responsiveness increased substantially during the period after energy-efficiency product labeling was required; and (v) nonetheless, a sizable portion of efficiency improvements were autonomous.