This paper postulates the conceptually useful allegory of a futuristic “World Climate Assembly” (WCA) that votes for a …

We build a novel stochastic dynamic regional integrated assessment model (IAM) of the climate and economic system … including a number of important climate science elements that are missing in most IAMs. These elements are spatial heat … climate science are ignored, important policy variables such as the optimal regional carbon tax and adaptation could be …

a general framework to study how the climate benefit of such overlapping policies depends on their design, location and … timing. Some policies leverage additional climate benefits elsewhere in the system while others backfire by raising aggregate …

Climate change remains one of the major international environmental challenges facing nations. Up to now, nations have … to date adopted minimal policies to slow climate change. Moreover, there has been no major improvement in emissions … of alternative climate policies. It also presents a new set of estimates of the uncertainties about future climate change …

temperatures. Our paper uses a simple OLG model to illustrate this long-noted Green Paradox. Its framework treats climate damage as … can tip the climate to permanently higher temperatures. In our model, delaying abatement can lead to larger changes in … climate than doing nothing, reducing welfare for all generations. In contrast, immediate policy action can raise welfare for …

into macroeconomic climate-economy models. This paper proposes a joint empirical-structural approach to bridge this gap for … a stochastic growth model for 40 vulnerable countries and project welfare effects of climate-driven cyclone risk changes …

economic effects of future climate change …