In 2010, the U.S. government adopted its first consistent estimates of the social cost of carbon (SCC) for government-wide use in regulatory cost-benefit analysis. Here, the authors examine a number of limitations of the estimates identified in the U.S. government report and elsewhere and review...

The economics of electricity is shaped by its physics. A well know example is the non-storability of electricity that causes its price to fluctuate widely. More generally, physical constraints cause electricity to be a heterogeneous good along three dimensions - time, space, and lead-time....

This paper analyzes the future prospects of carbon capture technologies. The first part of the analysis presents and discusses the results of an expert elicitation survey on a broad range of carbon capture options. The survey collected probabilistic estimates on the future values of energy...

The release of the Global Change Assessment Model (GCAM) version 3.0 represents a major revision in the treatment of agriculture and land-use activities in a model of long-term, global human and physical Earth systems. GCAM 3.0 incorporates greater spatial and temporal resolution compared to...

This report examines adaptation and mitigation within an integrated framework. Global and regional costs of adaptation are assessed dynamically and the resulting benefits are quantified. This is accomplished by developing a framework to incorporate adaptation as a policy variable within three...

Socio-economic scenarios constitute an important tool for exploring the long-term consequences of anthropogenic climate change and available response options. They have been applied for different purposes and to a different degree in various areas of climate change analysis, typically in...

The economics of electricity is shaped by its physics. A well know example is the non-storability of electricity that causes its price to fluctuate widely. More generally, physical constraints cause electricity to be a heterogeneous good along three dimensions - time, space, and lead-time....

Three potential future scenarios of expanded global biofuel production are presented here utilizing the GCAM integrated assessment model. These scenarios span a range that encompasses on the low end a continuation of existing biofuel production policies to two scenarios that would require an...