This paper provides an exhaustive review of critical issues in the design of climate mitigation policy by pulling … together key findings and controversies from diverse literatures on mitigation costs, damage valuation, policy instrument … choice, technological innovation, and international climate policy. We begin with the broadest issue of how high assessments …

Agency drastically downshifted expectations on US climate-change policy. We study firms' stock-price reactions and … move into climate-responsible stocks by long-horizon investors presumably expecting a post-Trump rebound to green policy …

climate change, including theoretical insights and empirical findings that offer guidance to policy makers. Section 1 frames … uncertainty for the timing and stringency of policies to address possible climate change. We then present issues related to policy …

Climate policy poses a dilemma for environmental economists. The economic argument for stringent GHG abatement is far … evaluate potential benefits from GHG abatement, including key policy parameters. I argue that the case for stringent abatement …

economic policy design. We discuss optimal policy and carbon price, inter-regional and inter-generational equity issues …, strategic interaction in the design of international environmental agreements, and the sources of risk and uncertainty … future domestic and global climate policy design. More research on the topic is needed …

growth rate impact if damages are presumably severe. We also study the effect of varying risk aversion and elasticity of … intertemporal substitution on our results. If damages are moderate for high temperatures, risk aversion only matters when climate … temperatures, then the results also become sensitive to risk aversion for both damage specifications …

Climate policy spillovers can be either positive or negative since firms change their production processes in response … benefits or costs has important implications for climate policy design, modeling, and benefit-cost analysis. This paper shows … climate policy. I then test for climate policy spillovers in electricity power generation. The estimates are consistent with …