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
A new paper published in Nature Climate Change shows that despite appearances to the contrary, the Nobel Prize-winning DICE ‘climate and economy’ model and the UN’s climate targets are in fact pulling in the same direction. Read more
To provide analysis that could give guidance on the effects of revenue decoupling in the electricity sector, the authors of this paper developed a simple model that allows them to assess the welfare implications of revenue decoupling, which they investigated for each American state. Read more
The authors of this paper have built a model of economically-efficient carbon dioxide emissions, which provides solutions for economically optimal peak warming of the planet, optimal emissions along the transition to peak warming, and optimal carbon prices, including under a temperature constraint consistent with the Paris Agreement. Read more
A new report by the Grantham Research Institute on Climate Change helps to dispel some of the gloomy arithmetic of climate change by providing evidence on the scale and range of ancillary benefits that derive from reducing emissions of CO2 and other greenhouse gases. Read more
Social discount rates (SDRs) are used in cost–benefit analysis to determine the present value of future costs and benefits: for... Read more
The permafrost carbon feedback (PCF) is not currently taken into account in economic assessments of climate change, yet it could... Read more
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