Economic Policy Analysis

Spring 2020

India in the coming ‘climate G2’?

India, not China, will soon be the most significant counterweight to the United States in global climate negotiations.

Declining CO₂ price paths

In contrast to most modeled carbon price paths, our calibration suggests a high "optimal" CO2 price today that is expected to decline over time

Highly decentralized solar geoengineering

At ~$5/kg SO2 delivered, balloons are only ~4x as expensive as high-altitude aircraft

Game Theory and Climate Change

Book review

The Implications of Uncertainty and Ignorance for Solar Geoengineering

Where climate change and solar geoengineering are concerned, errors of commission and omission should be weighted equally.

Moral Hazard and Solar Geoengineering

Moral hazard [ˈmôrəl ˈhazərd, noun]—The lack of incentive to guard against risk when one is protected from its consequences.

Policy design for the Anthropocene

Today, more than ever, ‘Spaceship Earth’ is an apt metaphor as we chart the boundaries for a safe planet. What can social scientists contribute to this conversation?

Prescriptivism, risk aversion, and intertemporal substitution in climate economics

A new conceptual framework for the age-old prescriptivism-versus-descriptivism debate

Stratospheric aerosol injection tactics and costs in the first 15 years of deployment

While cheap, such an aircraft-based program would unlikely be a secret

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