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The Crucial Role of International Trade in Adaptation to Climate Change

Gouel, Christophe - 2018

Climate change effects on agricultural yields will be uneven over the world with a few countries, mostly in high …

Persistent link: https://www.econbiz.de/10012480872

Sinn, Hans-Werner - 2007

Judged by the principle of intertemporal Pareto optimality, insecure property rights and the greenhouse effect both imply overly rapid extraction of fossil carbon resources. A gradual expansion of demand-reducing public policies -- such as increasing ad-valorem taxes on carbon consumption or...

Persistent link: https://www.econbiz.de/10012465195

The Economics of Climate Change

Goulder, Lawrence H. - 2006

Global climate change poses a threat to the well-being of humans and other living things through impacts on ecosystem functioning, biodiversity, capital productivity, and human health. This paper briefly surveys recent research on the economics of climate change, including theoretical insights...

Persistent link: https://www.econbiz.de/10012466748

Who Should Abate Carbon Emissions? An International Viewpoint

Chichilnisky, Graciela - 1993

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

Evolution of Assessments of the Economics of Global Warming : Changes in the DICE model, 1992 – 2017

Nordhaus, William D. - 2017

Many areas of the natural and social sciences involve complex systems that link together multiple sectors. Integrated assessment models (IAMs) are approaches that integrate knowledge from two or more domains into a single framework, and these are particularly important for climate change. One of...

Persistent link: https://www.econbiz.de/10012455362

Climate Change and Growth Risks

Bansal, Ravi - 2016

To study the welfare implications of rising temperature we propose a temperature-augmented long-run risks model that accounts for the interaction between temperature, economic growth and risk. The model simultaneously matches the projected temperature path, the observed consumption growth...

Persistent link: https://www.econbiz.de/10012455671

On a World Climate Assembly and the Social Cost of Carbon

Weitzman, Martin - 2016

This paper postulates the conceptually useful allegory of a futuristic "World Climate Assembly" (WCA) that votes for a … emitter's single-peaked most-preferred world price of carbon emissions to the world "Social Cost of Carbon" (SCC). The second … and third propositions relate the WCA-voted world price of carbon to the world SCC. I argue that the WCA-voted price and …

Persistent link: https://www.econbiz.de/10012455867

Will the Paris Accord Accelerate Climate Change?

Kotlikoff, Laurence J. - 2016

Finally we question the standard use of infinitely-lived, single-agent models, which assume, unrealistically, intergenerational altruism in determining optimal abatement policy. Their prescriptions can differ, potentially dramatically, from those needed to correct the negative climate...

Persistent link: https://www.econbiz.de/10012455949

Price of Long-Run Temperature Shifts in Capital Markets

Bansal, Ravi - 2016

We use the forward-looking information from the US and global capital markets to estimate the economic impact of global warming, specifically, long-run temperature shifts. We find that global warming carries a positive risk premium that increases with the level of temperature and that has almost...

Persistent link: https://www.econbiz.de/10012456150

How a Minimum Carbon Price Commitment Might Help to Internalize the Global Warming Externality

Weitzman, Martin L. - 2016

It is difficult to resolve the global warming free-rider externality problem by negotiating many different quantity targets. By contrast, negotiating a single internationally-binding minimum carbon price (the proceeds from which are domestically retained) counters self-interest by incentivizing...

Persistent link: https://www.econbiz.de/10012456478

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