The authors of this paper develop a method to establish the value of temporary offset projects with a given risk of failure and show that this value is always positive. They find that to compensate for one tonne of fossil fuel emissions, 2 to 3 tonnes of carbon need to be stored in a forest if the project stops being additional after 50 years. Read more
This commentary explores how net climate change mitigation benefits can be achieved from using carbon credits, despite the variable and uncertain quality of credits. Read more
This paper investigates just how important intrageneration inequality is for the social cost of carbon, compared to intergenerational inequality and macroeconomic uncertainty. Read more
This review seeks to provide a common basis for natural scientists, social scientists, and modellers to understand the research challenges involved in evaluating the economic risks of climate change. Read more
The authors of this paper present an alternative approach to determining the Social Cost of Carbon (SCC) that takes as given the objectives of the Paris Agreement and the Biden administration’s commitment to the US reaching net-zero emissions by 2050. Read more
In a joint statement about the announcement today (19 February 2021) by the White House’s Council on Environmental Quality that it has... Read more
Advice to the Biden administration as it seeks to account for mounting losses from storms, wildfires and other climate impacts.... Read more
Two of the world’s leading economists have today (February 15th) warned that an under-estimation of the value of the social... Read more
This report investigates whether the evidence supports the reasons given by the Trump Administration to justify its decision to withdraw the United States from the 2015 Paris Agreement on climate change, and concludes that the decision is irrational and does not promote the best interests of the American people. Read more
An Anglo-American group of top climate economics and policy experts have urged the world’s second largest emitter of greenhouse gases,... Read more
