Cato Institute
Policy Analysis
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pared for the Stern Review on the Economics of Climate
William Nordhaus, The Stern Review on the Economics
Change.)
of Climate Change, 2006, http://www.nordhaus.econ.
yale.edu/SternReviewD2.pdf; Richard S. J. Tol and
6. Indur M. Goklany, "Integrated Strategies to
Gary Yohe, "A Review of the Stern Review," World
Reduce Vulnerability and Advance Adaptation,
Economics 7, no. 4 (October­December 2006); and
Mitigation, and Sustainable Development," Miti-
Robert O. Mendelsohn, "A Critique of the Stern
gation and Adaptation Strategies for Global Change, doi:
Report," Regulation 29, no. 4 (2006): 42­46.
10.1007/s11027-007-9098-1 (2007).
12. Stern Review, p. 2.
7. The Fast-Track Assessment (FTA) results for the
13. IPCC, Special Report on Emissions Scenarios (New
impacts of climate change on food, agriculture,
York, Cambridge University Press, 2000).
water resources and coastal flooding were a promi-
nent part of a 2005 UK government-sponsored
14. Nigel W. Arnell et al., Global Environmental
symposium staged as part of the run-up to the
Change 14, no. 1 (2004): 3­20.
2005 Gleneagles Summit of the G-8. See U.K.
Department of Environment, Food and Rural
15. The "FI" in "A1FI" indicates that this scenario
Affairs (DEFRA), Symposium on Avoiding Dangerous
is fossil fuel intensive.
Climate Change (Exeter, UK, February 1­3, 2005),
http://www.stabilisation2005.com/programme.ht
16. Arnell et al., Global Environmental Change.
ml; as well as the more recent Stern Review on the
Economics of Climate Change (2006). Prior to that,
17. Martin L. Parry et al., "Effects of Climate
Her Majesty's chief science adviser Sir David King's
Change on Global Food Production under SRES
(2004) claim that "climate change is the most
Emissions and Socio-Economic Scenarios," Global
severe problem that we are facing today--more seri-
Environmental Change 14, no. 1 (2004): 53­67; Nigel
ous even than the threat of terrorism" was based, in
W. Arnell, "Climate Change and Global Water
part, on older FTA estimates which were published
Resources: SRES Emissions and Socio-Economic
in another special issue of Global Environmental
Scenarios," Global Environmental Change 14, no. 1
Change. See Indur M. Goklany and David A. King,
(2004): 31­52; Robert J. Nicholls, "Coastal Flood-
"Climate Change and Malaria," letter to the editor,
ing and Wetland Loss in the 21st Century; Changes
Science 306 (2004): 55­57. The older FTA results
under the SRES Climate and Socio-Economic
were published in Martin L. Parry and Matthew
Scenarios," Global Environmental Change 14, no. 1
Livermore, eds., "A New Assessment of the Global
(2006): 69­86; and M. van Lieshout et al., "Climate
Effects of Climate Change," Global Environmental
Change and Malaria: Analysis of the SRES Climate
Change 9, S1­S107 (1999). Results of that FTA were
and Socio-Economic Scenarios," Global Environ-
used in the IPCC's 2001 assessment, while the cur-
mental Change 14, no. 1(2004): 87­99.
rent FTA results have been reported extensively in
the latest IPCC assessment. See IPCC, "Summary
18. P. E. Levy, M. G. R. Cannell, and A. D. Friend,
for Policymakers," in Climate Change 2007: Impacts,
"Modeling the Impact of Future Changes in
Adaptation and Vulnerability, www.ipcc.ch/SPM13
Climate, CO2 Concentration and Land Use on
apr07.pdf.
Natural Ecosystems and the Terrestrial Carbon
Sink," Global Environmental Change 14, no. 1 (2004):
8. DEFRA, Scientific and Technical Aspects of Climate
21­30.
Change, Including Impacts and Adaptation and Associ-
ated Costs (September 2004), www.defra.gov.uk/en
19. Indur M. Goklany, "Strategies to Enhance
vironment/climatechange/pdf/cc-science-0904.
Adaptability: Technological Change, Economic
pdf; J. M. Gregory et al., "A Model Intercomparison
Growth and Free Trade," Climate Change 30 (1995):
of Changes in the Atlantic Thermohaline Circula-
427­49; Goklany, "Integrated Strategies"; B. Smit, et
tion in Response to Increasing Atmospheric CO2
al., "Adaptation to Climate Change in the Context
Concentration," Geophysical Research Letters 32:
of Sustainable Development and Equity," in Climate
L12703, doi: 10.1029/2005GL023209; and IPCC,
Change 2001: Impacts, Adaptations and Vulnerability
Climate Change Impacts, Vulnerability, and Adaptation.
(Cambridge, MA: Cambridge University Press,
2001), pp. 877­912, and G. Yohe, "Mitigative
9. Stern Review, p. x.
Capacity: The Mirror Image of Adaptive Capacity
on the Emissions Side," Climate Change 49 (2001):
10. Ibid., pp. 156, 158.
247­62.
11. See Ian Byatt et al., "The Stern Review: A Dual
20. Goklany, "Strategies to Enhance Adaptability,"
Critique, Part II: Economic Aspects," World Economics
Goklany, "Integrated Strategies"; G. Yohe, "Miti-
7, no. 4 (2006): 199­229; Robert M. Carter et al.,
gative Capacity"; and B. Smit et al., "Adaptation to
"The Stern Review: A Dual Critique, Part I: The
Climate Change."
Science," World Economics 7, no. 4 (2006): 167­98;
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