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

The Rebound Effect and Energy Efficiency Policy

Buy a more fuel-efficient car, drive more.

Confronting Deep and Persistent Climate Uncertainty

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

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.

An Economic Anatomy of Optimal Climate Policy

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

Climate Policy—Past, Present, and Future

Fall 2017

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

What do people think when they think about solar geoengineering?

A review of empirical social science literature, and prospects for future research

Tipping elements and climate-economic shocks: Pathways toward integrated assessment

Potential thresholds in climatic and social systems play an important role in estimates of climate damages

Establishing practical estimates for city-integrated solar PV and wind

Response to Kammen, Sunter, and Dabiri's reply to our Science eLetter

Modeling the effects of climate engineering

Economists need to embrace research on solar geoengineering technologies


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