The paper develops a methodology for estimating the risks and consequences of possible future increases in tropical cyclone intensities due to climate change that would allow policy makers to relatively quickly evaluate the cost of different mitigation strategies. The methodology simulates...

Estimates of the marginal damage costs of carbon dioxide emissions suggest that, although climate change is a problem and some emission reduction is justified, very stringent abatement does not pass the cost-benefit test. However, current estimates of the economic impact of climate change are...