Economics and Management of Climate Change: Risks, Mitigation and Adaptation Softcover reprint of hardcover 1st ed. 2008 edition

Marc Notes: Originally published: 2008.; This title contributes to the question of how climate change can be mitigated by discussing efficient and effective design of mitigation measures, in particular emissions trading and clean development mechanism (CDM). Jacket Description/Back: Climate change is one of the biggest challenges for mankind. Although there is increasing evidence that climate change is already occurring, there is neither sufficient knowledge as to what extent climate change poses risks to societies and companies, nor about adequate strategies to cope with these risks. Bringing together an international group of scholars from environmental economics, political science and business, this book describes, analyses and evaluates climate change risks and responses of societies and companies. The book contributes to the question of how climate change can be mitigated by discussing efficient and effective design of mitigation measures, in particular emissions trading and clean development mechanism (CDM). Placing special emphasis on the impact of climate change risks on business, the book investigates in which way selected sectors of the economy are affected and what measures they can undertake to adapt to climate change risks. Table of Contents: Preface and acknowledgements -- 1. Introduction: Climate change risks, mitigation and adaptation / Bernd Hansjurgens, Ralf Antes -- Part I. Climate change risks and risk assessment -- 2. Rising natural catastrophe losses - what is the role of climate change? / Peter Hoppe, Tobias Grimm -- 3. Evaluation of risk in cost-benefit analysis of climate change / Ingrid Nestle -- 4. A global climate change risk assessment of droughts and floods / Wolfgang Knorr, Marko Scholze -- 5. Effects of low water levels on the river Rhine on the inland waterway transport sector / Olaf Jonkeren, Jos van Ommeren, Piet Rietveld -- 6. Spillover impacts of climate policy on energy-intensive industry / Vlasis Oikonomou, Martin Patel, Ernst Worrell -- 7. Risks, vulnerability, and participation: a layered management approach / J Terry Rolfe -- Part II. Mitigation: emissions trading and CDM -- 8. Intensity targets: implications for the economic uncertainties of emissions trading / Sonja Peterson -- 9. Three types of impact from the European Emission Trading Scheme: direct cost, indirect cost and uncertainty / Volker H Hoffmann, Thomas Trautmann -- 10. Participants' treatment of allowance price uncertainty: how are risk-aversion and real option values related to each other? / Frank Gagelmann -- 11. Climate change, sustainable development and risk: realizing a financial fund within the TEM model as an economic and business opportunity / Stefan Pickl -- 12. Current evaluation practice of the Clean Development Mechanism / Felicia Muller-Pelzer -- 13. Sustainable development, the Clean Development Mechanism, and business accounting / Pala Molisa, Bettina Wittneben -- 14. Risk management in the Clean Development Mechanism (CDM) - the potential of sustainability labels / Adrian Muller -- 15. Economic and social risks associated with implementing CDM projects among SME - a case study of foundry industry in India / Prosanto Pal, Girish Sethi -- Part III. Adaptation: corporate responses to climate change -- 16. Developments in corporate responses to climate change within the past decade / Ans Kolk -- 17. Impacts of climate change on the electricity sector and possible adaptation measures / Benno Rothstein, Marion Schroedter-Homscheidt, Claudia Hafner, Susanne Bernhardt, Solveig Mimler -- 18. Modelling impacts of climate change policy uncertainty on power investment / Ming Yang, William Blyth -- 19. Reputational impact of businesses' compliance strategies under the EU emissions trading scheme / Corinne Faure, Arne Hildebrandt, Karoline Rogge, Joachim Schleich -- 20. Prudence, profit and the perfect storm: climate change risk and fiduciary duty of directors / Donna Lorenz -- 21. Business risks and opportunities from climate change in large developing countries - a case study focusing on China / Xianli Zhu, Xiangyang Wu. Contributor Bio:  Hansjurgens, Bernd Bernd Hansjurgens is Professor of Economics at Martin Luther University Halle-Wittenberg. He is also the Head of the Department of Economics, UFZ Centre of Environmental Research Leipzig-Halle.