We develop a one-dimensional energy balance climate model with heat transportation across locations. We introduce the … concept of potential world GDP at time t, and we introduce, through the temperature function, spatial characteristics into the … impact of thermal transport across latitudes on welfare inequality. -- Energy Balance Climate Models ; Heat Diffusion …

This paper describes a new model, Climate and Regional Economics of Development (CRED), which is designed to analyze … the economics of climate and development choices. Its principal innovations are the treatment of global equity … cost of mitigation. The model shows more equitable scenarios have better climate outcomes; the challenge of climate policy …

Climate feedback mechanisms that have the potential to intensify global warming have been omitted almost completely in … the integrated assessment of climate change and the economy so far. With the present paper we try to narrow this gap in …