The 2012 growing season saw one of the worst droughts in a generation in much of the United States and cast a harsh light on the need for better analytic tools and a comprehensive approach to predicting and preparing for the effects of extreme weather on agriculture. We present an example of a...

Integrated Assessment Models (IAMs) that couple the climate system and the economy require a representation of ocean CO2 uptake to translate human-produced emissions to atmospheric concentrations and in turn to climate change. The simple linear carbon cycle representations in most IAMs are not...

We examine the impact of a unilateral carbon tax in developed countries focusing on the expected size of carbon leakage (an increase in emissions in non-taxing regions as a result of the tax) and the effects on leakage of border tax adjustments. We start by analyzing the problem using a simple...