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 … cooperation and various degrees of competition between regions. Our results suggest that when the elements of climate science …

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 …

economies, are false or need serious amendment in a world with international trade in goods. Since the three results we … a re-examination may be in order. Specifically, we demonstrate that in an open trading world, but not in a closed …

Donald Trump's election and his nomination of Scott Pruitt, a climate skeptic, to lead the Environmental Protection … Agency drastically downshifted expectations on US climate-change policy. We study firms' stock-price reactions and … companies with responsible strategies on climate change have lost value, since they were paying for actions that were now less …

This paper provides an exhaustive review of critical issues in the design of climate mitigation policy by pulling … choice, technological innovation, and international climate policy. We begin with the broadest issue of how high assessments … climate and under net benefit maximization or Pigouvian emissions pricing. The remainder of the paper focuses on the …

from human activity to climate change. Using a modified version of the RICE model of the global economy and climate, we ….5 °C. The 99 percent confidence interval ranges from 3.0 °C to 6.9 °C. Uncertainty about socio-economic drivers of climate …

Global climate change poses a threat to the well-being of humans and other living things through impacts on ecosystem … climate change, including theoretical insights and empirical findings that offer guidance to policy makers. Section 1 frames … the climate change problem and indicates the ways that economic research can address it. Section 2 describes approaches to …

of climate change. The present study analyzes the economic impact of a potential disintegration of the Greenland Ice … result shows that the GIS is likely to disappear over the next millennium or so without climate policy, but an active climate …