Climate change not only impacts production and market consumption, but also the relative scarcity of non-market goods, such as environmental amenities. We study fundamental drivers of the resulting relative price changes, their potential magnitude, and their implications for climate policy in...

We study how the scarcity of non-market goods, such as environmental amenities, affects the economic appraisal of climate policy. To this end, we perform a comprehensive analysis of the change in relative prices of non-market goods in the widespread climate-economy model DICE. We show that DICE...

This survey examines the history and current practice in integrated assessment models (IAMs) of the economics of climate change. It begins with a review of the emerging problem of climate change. The next section provides a brief sketch of the rise of IAMs in the 1970s and beyond. The subsequent...

Integrated Assessment Models (IAMs) couple representations of the natural climate system with models of the global economy to capture interactions that are important for the evaluation of potential climate and energy policies. The U.S. federal government currently uses such models to derive the...

Integrated Assessment Models (IAMs) couple representations of the natural climate system with models of the global economy to evaluate climate and energy policies. Such models are currently used to derive the benefits of carbon mitigation policies through estimates of the social cost of carbon...

We study the effect of climate policy on companies' greenhouse gas emissions using emissions data for the headquarters and subsidiaries of the world's biggest manufacturing, energy, and utility companies. Our results suggest that financial incentives and legal requirements to audit energy use...

This paper is a quasi-replication of Andersson (2019). I use the synthetic control method to estimate the effect of a carbon tax starting at $1.41 per tonne of CO2 and increased through successive reforms to $20 by 2011. The results show that, one year after the intervention, the tax reduced CO2...

We study the effect of climate policy on companies' greenhouse gas emissions using emissions data for the headquarters and subsidiaries of the world's biggest manufacturing, energy, and utility companies. Our results suggest that financial incentives and legal requirements to audit energy use...

This note considers the treatment of risk and uncertainty in the recently established ‘social cost of carbon' (SCC) for analysis of federal regulations in the United States. It argues that the analysis of the US Interagency Working Group on Social Cost of Carbon did not go far enough into the...

Natural disasters are on the rise worldwide. There are more and more intense natural disasters - which are defined to cause at least 100 deaths or to affect the basic survival needs of at least 1,000 people - resulting from floods and storms as well as droughts and heat waves. The Asia and the...