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.

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

Environmental Action Committee

Cambridge, MA

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

Climate Engineering Conference 2017

Berlin, Germany

BBC Business Matters

Conversation about the day's business news on BBC World Service show

iSEE Congress 2017

Urbana-Champaign, Illinois

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.

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.

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

Environmental Action Committee

Cambridge, MA

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

Climate Engineering Conference 2017

Berlin, Germany

BBC Business Matters

Conversation about the day's business news on BBC World Service show

iSEE Congress 2017

Urbana-Champaign, Illinois

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