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The Macroeconomic Impact of Climate Change : Global vs. Local Temperature
Bilal, Adrien; Känzig, Diego R. - National Bureau of Economic Research - 2024
temperature leads to a 12% decline in world GDP. Global temperature shocks correlate much more strongly with extreme climatic …
Persistent link: https://www.econbiz.de/10014544728
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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
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Public Policies against Global Warming
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
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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
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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
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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
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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
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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
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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
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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