Agricultural production is sensitive to weather and thus directly affected by climate change. Plausible estimates of these climate change impacts... Read more
Integrated Assessment Model
Building on simulations using Integrated Assessment Models and historical evidence, this paper explores some of the issues posed by this dual financing challenge. We discuss the "fiscal self-reliance" of the energy sector, finding that carbon pricing would generate sufficient fiscal revenues within each region to finance total investment in energy supply. Read more
Working Paper 122 – Forthcoming in Climate Change Economics (August 2014) (read article) Abstract Transitioning to a low-carbon economy will... Read more
Abstract To what extent does economic analysis of climate change depend on low-probability, high-impact events? This question has received a... Read more
Abstract The policy debate on climate change distinguishes two generic response options. The first (and more prominent) option is mitigation.... Read more
Working Paper 18 Abstract Conventional cost-benefit analysis incorporates the normally reasonable assumption that the policy or project under examination is... Read more
Working Paper 9 Abstract To what extent does economic analysis of climate change depend on low-probability, high-impact events? This question... Read more