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Cited by 142Climate Change Policy and EconomicsClimate Change and GeoengineeringEnergy, Environment, Economic Growth

Costs of Reducing Global Carbon Emissions

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Weyant, John P·1993·Journal of Economic Perspectives
DOI 10.1257/jep.7.4.27
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Abstract

Projecting the costs of reducing carbon emissions is extremely important, and exceedingly difficult. Such projections are an integral component of cost-benefit analyses of alternative policies in response to climate change. This paper first discusses the key dimensions of any projection of the cost of reducing carbon emissions. Then it discusses the projections that have been made, including long-, medium- and short-range time horizons. Finally, the conclusion summarizes what we know and don't know about the costs of controlling carbon emissions and recommends an agenda for future research.

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  • Cost-effective climate action calls for coordinated, harmonized carbon pricing across jurisdictions worldwide to reduce carbon emissions where abatement is cheapest.

    “Cost-effective climate action calls for coordinated, harmonized carbon pricing across jurisdictions worldwide to reduce carbon emissions where abatement is cheapest 2,3 .”

    From Potential impacts and challenges of border carbon adjustments (2022) · cites this paper as [3]

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Authors
Weyant, J. P.
Affiliations
Stanford University (US)
Corresponding author
Weyant, John P
ORCID
Weyant, John P
Venue
Journal of Economic Perspectives
Publisher
American Economic Association
Published
1993-11-01
Volume
7
Issue
4
Pages
27-46
ISSN
0895-3309 (ISSN-L)
DOI
10.1257/jep.7.4.27
OpenAlex
W1986395736
Cited by
142
References
20
Citations by year
2026: 1 · 2025: 4 · 2024: 6 · 2023: 5 · 2022: 3 · 2021: 4 · 2020: 1 · 2018: 6 · 2017: 2 · 2016: 4 · 2015: 2 · 2014: 5 · 2013: 4 · 2012: 3
FWCI
25.54
Type
journal article
Language
en
Open access
Locations
  • The Journal of Economic Perspectives (publishedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Climate Change Policy and Economics
  • Physical Sciences › Environmental Science › Global and Planetary Change › Climate Change and Geoengineering
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Energy, Environment, Economic Growth
Keywords
carbon emission reduction, cost projections, climate policy, cost-benefit analysis, time horizon, climate policy costs, greenhouse gas emissions reduction

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