All pages with keywords: DICE models
The climate beta
This paper examines the question of whether fighting climate change has the additional advantage of reducing the aggregate risk borne by future generations. This raises the question of the ‘climate beta’, i.e. the elasticity of climate damages with respect to a change in aggregate consumption. read more »
Climate change will ‘cost world far more than estimated’
Lord Stern says current models do not adequately reflect the science and the impact on global economies The Independent
New economic model shows risks from climate change are bigger than previously estimated
A new version of a standard economic model shows that the risks from unchecked climate change are bigger than previously estimated and strengthens the case for strong cuts in greenhouse … read more »
Endogenous growth, convexity of damages and climate risk: how Nordhaus’ framework supports deep cuts in carbon emissions
Endogenous growth, convexity of damages and climate risk: how Nordhaus’ framework supports deep cuts in carbon emissions read more »
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