Books by Richard S.J. Tol
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Papers by Richard S.J. Tol
Coastal flood damages are expected to increase significantly during the 21st century as sea level... more Coastal flood damages are expected to increase significantly during the 21st century as sea levels rise and socioeconomic development increases the number of people and value of assets in the coastal floodplain. Estimates of future damages and adaptation costs are essential for supporting efforts to reduce emissions driving sea-level rise as well as for designing strategies to adapt to increasing coastal flood risk. This paper presents such estimates derived by taking into account a wide range of uncertainties in socioeconomic development, sea-level rise, continental topography data, population data, and adaptation strategies.
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In economic project analysis, the rate at which future benefits and costs are dis- counted relati... more In economic project analysis, the rate at which future benefits and costs are dis- counted relative to current values often determines whether a project passes the benefit-cost test. This is especially true of projects with long time horizons, such as those to reduce greenhouse gas (GHG) emis- sions. Whether the benefits of climate poli- cies, which can last for centuries, outweigh the costs, many of which are borne today, is especially sensitive to the rate at which future benefits are discounted. This is also true of other policies, e.g., affecting nuclear waste disposal or the construction of long-lived infrastructure.
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Avoiding Dangerous Climate Change, 2006
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We construct a model of the stock of private cars in the Republic of Ireland. The model distingui... more We construct a model of the stock of private cars in the Republic of Ireland. The model distinguishes cars by fuel, engine size and age. The modelled car stock is build up from a long history of data on sales, and calibrated to recent data on actual stock. We complement the data on the number of cars with data on fuel efficiency and distance driven – which together give fuel use and emissions – and the costs of purchase, ownership and use. We use the model to project the car stock from 2010 to 2025. The following results emerge. The 2009 reform of the vehicle registration and motor tax has lead to a dramatic shift from petrol to diesel cars. Fuel efficiency has improved and will improve further as a result, but because diesel cars are heavier, carbon dioxide emissions are reduced but not substantially so. The projected emissions in 2020 are roughly the same as in 2007. In a second set of simulations, we impose the government targets for electrification of transport. As all-electric vehicles are likely to displace small, efficient, and little-driven petrol cars, the effect on carbon dioxide emissions is minimal. We also consider the scrappage scheme, which has little effect as it applies to a small fraction of the car stock only.
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In this paper we examine the distributional effects of Value Added Tax (VAT) in Ireland. Using th... more In this paper we examine the distributional effects of Value Added Tax (VAT) in Ireland. Using the 2004/2005 Household Budget Survey, we assess the amount of VAT that households pay as a proportion of weekly disposable income. We measure VAT payments by equivalised income decile, households of different composition and different household sizes. The current system is highly regressive. With the use of a micro-simulation model we also estimate the impact of changing the VAT rate on certain groups of items and the associated change in revenue. We also consider how the imposition of a fiat rate across all goods and services would affect households in different categories. The Irish Government has recently announced that it proposes to increase the standard rate of VAT to 22 per cent in 2013 and to 23 per cent in 2014. We examine the distributional implications of such increases. The general pattern of results shows that those hardest hit are households in the first income decile, households in rural areas, 6 person households and households containing a single adult with children.
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Based on predicted changes in the magnitude and distribution of global precipitation, temperature... more Based on predicted changes in the magnitude and distribution of global precipitation, temperature and river flow under the A1B and A2 scenarios of the Intergovernmental Panel on Climate Change Special Report on Emissions Scenarios (IPCC SRES), this study assesses the potential impacts of climate change and CO2 fertilization on global agriculture, and its interactions with trade liberalization, as proposed for the Doha Development Round. The analysis uses the new version of the GTAP-W model, which distinguishes between rainfed and irrigated agriculture and implements water as an explicit factor of production for irrigated agriculture. Significant reductions in agricultural tariffs lead to modest changes in regional water use. Patterns are non-linear. On the regional level, water use may go up for partial liberalization, and down for more complete liberalization. This is because different crops respond differently to tariff reductions, and because trade and competition matter too. Moreover, trade liberalization tends to reduce water use in water scarce regions, and increase water use in water abundant regions, even though water markets do not exist in most countries. Considering impacts of climate change, the results show that global food production, welfare and GDP fall over time while food prices increase. Larger changes are observed under the SRES A2 scenario for the medium term (2020) and under the SRES A1B scenario for the long term (2050). Combining scenarios of future climate change with trade liberalization, countries are affected differently. However, the overall effect on welfare does not change much.
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The integrated assessment model FUND 2.8n is applied in an assessment to estimate the magnitude o... more The integrated assessment model FUND 2.8n is applied in an assessment to estimate the magnitude of the general market and non-market impacts of temperature changes caused by a possible shutdown of the thermohaline circulation (THC). The monetized impacts of this change in environmental conditions are determined for 207 individual countries for two scenarios: one warming scenario in which the THC weakens but remains intact, and another in which the THC breaks down. Eight different response patterns are identified. The dominant pattern is that a THC shutdown has an offsetting effect on the underlying warming trend. Depending on whether the impacts of warming are initially beneficial or detrimental, the economic effects of a THC shutdown show distinct regional variability. Key economic sectors affected are water resources and energy consumption, as well as cardiovascular and respiratory diseases among health impacts. The maximum national impact of a shutdown of the THC turns out to be of the magnitude of a few per cent of GDP, but the average global impact is much smaller. The results indicate that the temperature effect of a THC shutdown does not create an insurmountable economic threat on a global scale, but may cause severe damages to individual countries. However, a consideration of other climatic impacts such as precipitation and sea level changes is likely to alter the identified trends in economic development.
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Using the FUND model, an impact assessment is conducted over the 21st century for rises in sea le... more Using the FUND model, an impact assessment is conducted over the 21st century for rises in sea level of up to 2-m/century and a range of socio-economic scenarios downscaled to the national level, including the four SRES (IPCC Special Report on Emissions Scenarios) storylines. Unlike a traditional impact assessment, this analysis considers impacts after balancing the costs of retreat with the costs of protection, including the effects of coastal squeeze. While the costs of sea-level rise increase with greater rise due to growing damage and protection costs, the model suggests that an optimum response in a benefit-cost sense remains widespread protection of developed coastal areas, as identified in earlier analyses. The socio-economic scenarios are also important in terms of influencing these costs. In terms of the four components of costs considered in FUND, protection dominates, with substantial costs from wetland loss under some scenarios. The regional distribution of costs shows that a few regions experience most of the costs, especially East Asia, North America, Europe and South Asia. Importantly, this analysis suggests that protection is much more likely and rational than is widely assumed, even with a large rise in sea level. This is underpinned by the strong economic growth in all the SRES scenarios: without this growth, the benefits of protection are significantly reduced. It should also be noted that some important limitations to the analysis are discussed, which collectively suggest that protection may not be as widespread as suggested in the FUND results.
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This paper warns against the risk of underestimating the costs—and the uncertainty about the cost... more This paper warns against the risk of underestimating the costs—and the uncertainty about the costs—of achieving stringent stabilization targets. We argue that a straightforward review of integrated assessment models results produces biased estimates for the more ambitious climate objectives such as those compatible with the 2°C of the European Union and the G8. The magnitude and range of estimates are significantly reduced because only the most optimistic results are reported for such targets. We suggest a procedure that addresses this partiality. The results show highly variable costs for the most ambitious scenarios.
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We investigate the relationship between a thousand-year history of violent conflict in Europe and... more We investigate the relationship between a thousand-year history of violent conflict in Europe and various reconstructions of temperature and precipitation. We find that conflict was more intense during colder period, just like Zhang et al. (Clim Change 76:459–477, 2006) found for China. This relationship weakens in the industrialized era, and is not robust to the details of the climate reconstruction or to the sample period. As the correlation is negative and weakening, it appears that global warming would not lead to an increase in violent conflict in temperature climates.
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Books by Richard S.J. Tol
Papers by Richard S.J. Tol