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This paper offers some thoughts on the value added of new economic estimates of climate change damages. We begin with a warning to beware of analyses that are so narrow that they miss a good deal of the important economic ramifications of the full suite of manifestations of climate change. Our...
Persistent link: https://www.econbiz.de/10011000152
A favoured method of assimilating information from state-of-the-art climate models into integrated assessment models of climate impacts is to use the transient climate response (TCR) of the climate models as an input, sometimes accompanied by a pattern matching approach to provide spatial...
Persistent link: https://www.econbiz.de/10011000558
PAGE09 is an updated version of the PAGE2002 integrated assessment model (Hope <CitationRef CitationID="CR14">2011a</CitationRef>). The default PAGE09 model gives a mean estimate of the social cost of CO<Subscript>2</Subscript> (SCCO<Subscript>2</Subscript>) of $106 per tonne of CO<Subscript>2</Subscript>, compared to $81 from the PAGE2002 model used in the Stern review (Stern <CitationRef CitationID="CR24">2007</CitationRef>). The increase is the net...</citationref></subscript></subscript></subscript></citationref>
Persistent link: https://www.econbiz.de/10011000597
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