Applying Asset Pricing Theory to Calibrate the Price of Climate Risk

In contrast to most modeled carbon price paths, our calibration suggests a high SCC today that is expected to decline over time

Underwriting 1.5°C

Competitive approaches to financing accelerated climate change mitigation

Ramsey discounting calls for subtracting climate damages from economic growth rates

Consumption growth rates are an important source of uncertainty in the discount rate. Climate damages are an important source of uncertainty in consumption growth rates. When discounting climate damages growth rates must reflect the rate of those damages.

Policy sequencing toward decarbonization

Economics 101 says price carbon. Economics 102 says subsidize R&D. Political Economy 101 points to policies that support clean technology deployment.

Fast, cheap, and imperfect? U.S. public opinion about solar geoengineering

"We find that respondents who were asked whether solar geoengineering would cause society to cut emissions more were more likely to believe that this would be the case than those asked whether solar geoengineering would cause society to cut emissions less."

Solar Geoengineering and the Chemtrails Conspiracy on Social Media

Chemtrails are not real. The conspiracy very much is.

Confronting Deep and Persistent Climate Uncertainty

The massive uncertainties afflicting climate change should be a prod to policy action.

Climate Policy—Past, Present, and Future

Fall 2017

Solar geoengineering reduces atmospheric carbon burden

Solar geoengineering is no substitute for cutting emissions, but could nevertheless help reduce the atmospheric carbon burden. In the extreme, if solar geoengineering were used to hold radiative forcing constant under RCP8.5, the carbon burden may be reduced by ~100 GTC, equivalent to 12–26% of twenty-first-century emissions at a cost of under US$0.5 per tCO2.

An Economic Anatomy of Optimal Climate Policy

Together with mitigation and adaptation, carbon and solar geoengineering span the universe of possible climate policies.

Night-time lights: A global, long term look at links to socio-economic trends

A retrospective look at the global, long-term relationships between night-time lights and a series of socio-economic indicators


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