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
Social cost of carbon
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
An Anglo-American group of top climate economics and policy experts have urged the world’s second largest emitter of greenhouse gases,... 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
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