Chapter 6

Question 1

Estimation of total impacts methods

Answer 1

1. Enumerative method
2. Computable general equilibrium
3. Elicitation method
4. Statistical method

Question 2

Enumerative method

Answer 2

Quantify impact, estimate price, add up
- ignores knock on effects

Question 3

Computable general equilibrium

Answer 3

Quantify impact, shock model, estimate welfare change.
- includes more adaptation
- but mainly national accounts that don’t include nonmarket effects

Question 4

Elicitation method

Answer 4

Ask experts

Question 5

Statistical method

Answer 5

• Estimate relationship between activity &
  climate over space, assume it holds over
  time
• estimates wellbeing-climate relationship
• estimates price change due to climate

Question 6

Marginal damage cost

Answer 6

damage done by an additional tone of CO2 emitted = social cost of carbon

Question 7

Social cost of carbon

Answer 7

estimated dollar cost of damage done by an additional ton of CO2

Question 8

Poorer countries more vulnerable because…

Answer 8

• More exposed
• In hotter places
• Lower adaptive capacity

Question 9

Adaptive capacity depend on

Answer 9

• Available tech
• Available resources & distribution
• Ability & will to use resources