Abstract
The publication of the Fifth Assessment Report by the Intergovernmental Panel on Climate Change (IPCC) has underlined once again the serious consequences of failing to act sufficiently to bring down global Greenhouse Gas (GHG) emissions. These consequences include (although are not restricted to) disrupted livelihoods from increased flooding; risks resulting from damage to infrastructure from extreme weather events; increased morbidity and mortality rates from periods of extreme heat and issues of food insecurity resulting from droughts, floods, and precipitation volatility. At the global level, the successor to the Kyoto agreement, the Paris Conference of Parties (COP) of the United Nations Framework Convention on Climate Change (UNFCCC) ratified in December 2015, faces new uncertainty with the United States having pulled out of the agreement. For its part, since the launch of its Emissions Trading Scheme (ETS) in 2005, the European Union (EU) has set its own relatively ambitious unilateral GHG reduction targets to 2020, with mooted GHG reductions of up to 40% (EC 2014) by 2030 (compared with 1990 levels).
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Bourne, M., Philippidis, G. (2018). CGE Models in Environmental Policy Analysis: A Review and Spanish Case Study. In: Quiroga, S. (eds) Economic Tools and Methods for the Analysis of Global Change Impacts on Agriculture and Food Security. Springer, Cham. https://doi.org/10.1007/978-3-319-99462-8_6
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