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Introduction: Facts and Uncertainties

The unusually hot summer and drought in 1988 in parts of North America stimulated wide discussions about the cause of these events. While most scientists now studying climate believe that the 1988 events were short-run phenomenon, some scientists and many policy makers in the U.S. Congress and Administration suggest that this weather was linked to global warming caused by a build-up of the so-called greenhouse gases: carbon dioxide, nitrogen oxides, methane and chlorofluorocarbons.

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Energy Specializations: Energy and the Environment – Policy and Regulation

JEL Codes: Q54: Climate; Natural Disasters and Their Management; Global Warming, Q41: Energy: Demand and Supply; Prices, Q24: Renewable Resources and Conservation: Land, Q35: Hydrocarbon Resources, Q42: Alternative Energy Sources, Q21: Renewable Resources and Conservation: Demand and Supply; Prices, Q53: Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling

Keywords: Climate change, CO2 emissions, taxes, modeling, uncertainty

DOI: 10.5547/ISSN0195-6574-EJ-Vol12-No1-1

Published in Volume 12, Number 1 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.


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