The impact of human health co-benefits on evaluations of global climate policy
Noah Scovronick (),
Mark Budolfson,
Francis Dennig,
Frank Errickson,
Marc Fleurbaey,
Wei Peng,
Robert H. Socolow,
Dean Spears and
Fabian Wagner
Additional contact information
Noah Scovronick: Emory University
Mark Budolfson: University of Vermont
Francis Dennig: Yale-NUS College
Frank Errickson: University of California Berkeley
Wei Peng: Pennsylvania State University
Robert H. Socolow: Princeton University
Dean Spears: University of Texas at Austin
Fabian Wagner: Princeton University
Nature Communications, 2019, vol. 10, issue 1, 1-12
Abstract:
Abstract The health co-benefits of CO2 mitigation can provide a strong incentive for climate policy through reductions in air pollutant emissions that occur when targeting shared sources. However, reducing air pollutant emissions may also have an important co-harm, as the aerosols they form produce net cooling overall. Nevertheless, aerosol impacts have not been fully incorporated into cost-benefit modeling that estimates how much the world should optimally mitigate. Here we find that when both co-benefits and co-harms are taken fully into account, optimal climate policy results in immediate net benefits globally, overturning previous findings from cost-benefit models that omit these effects. The global health benefits from climate policy could reach trillions of dollars annually, but will importantly depend on the air quality policies that nations adopt independently of climate change. Depending on how society values better health, economically optimal levels of mitigation may be consistent with a target of 2 °C or lower.
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:nat:natcom:v:10:y:2019:i:1:d:10.1038_s41467-019-09499-x
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DOI: 10.1038/s41467-019-09499-x
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