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What have we learned from the outpouring of literature as a result of the Stern Review of the Economics of Climate Change? A lot. We have explored the model space and the parameter space much more thoroughly, though there are still unexplored regions. While there are aspects of the Stern...
Persistent link: https://www.econbiz.de/10012464720
We review the optimal pattern of carbon emission abatements across countries in a simple multi-country world. We model …
Persistent link: https://www.econbiz.de/10012474525
Thinking about tipping provides a novel perspective on finding a way forward in climate negotiations and suggests an alternative to the current framework of negotiating a global agreement on reductions in greenhouse gas emissions. Recent work on non-cooperative games shows games with increasing...
Persistent link: https://www.econbiz.de/10012461703
Valuing deaths caused by climate change in Benefit Cost Analysis (BCA) is complex and controversial, having caused disagreement and acrimony in past high-profile settings. Furthermore, it is of first order consequence to the value of the social cost of carbon (SCC). Despite this, the underlying...
Persistent link: https://www.econbiz.de/10013462696