Recent thinking about the economics of climate change has concerned the uncertainty about the upper bound of both climate sensitivity to greenhouse gases and the damages that might occur at high temperatures. This argument suggests that the appropriate probability distributions for these factors...

PAGE09 is an updated version of the PAGE2002 integrated assessment model (Hope, 2011a). Thedefault PAGE09 model gives a mean estimate of the social cost of CO2 (SCCO2) of $106 per tonne ofCO2, compared to $81 from the PAGE2002 model used in the Stern review (Stern, 2007). The mainreasons for the...

A new version of the PAGE integrated assessment model, PAGE09, is introduced. The mostimportant scientific, impact, emission and adaptation inputs in the latest default version of themodel, PAGE09 v1.7 are described. The scientific and economic impact results are presented for abusiness as usual...

What would be the effect of CO2 pricing on global oil supply and demand? This paper introduces a model describing the interaction between conventional and non-conventional oil supply in a Hotelling framework and under CO2 constraints. The model assumes that non-conventional crude oil enters the...