Abstract We review the literature on the economics of climate change with a focus on the evolution of the literature from some of the early classic papers to the latest contributions. We divide the paper into three main sections: trends in greenhouse gas emissions, mitigation, and adaptation.

Australian experience reveals an increasingly post-truth approach to economic evaluation, with governments ignoring or avoiding professional expertise when promoting their favoured projects and policies. Lack of formal guidelines for economic evaluation, such as those promulgated by Congress and...

The concept of ‘standing' – whose benefits and costs should be counted – is well-established, and its specification is a crucial step in conducting a Cost-Benefit Analysis. But it is often ignored by analysts. From a national perspective, the orthodox formulation of ‘standing' is ‘the...

Tradable permits in greenhouse gases are a key, last-minute provision incorporated in the Protocol agreed in Kyoto in December 1997, but the details of any future scheme remain to be negotiated. If an effective scheme is to be implemented, it needs to take account of issues such as the fact that...