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Opportunities for advances in climate change economics
journal contribution
posted on 2023-06-09, 00:44 authored by M Burke, M Craxton, C D Kolstad, C Onda, H Allcott, E Baker, L Barrage, R Carson, K Gillingham, J Graff-Zivin, M Greenstone, S Hallegatte, W M Hanemann, G Heal, S Hsiang, B Jones, D L Kelly, R Kopp, M Kottchen, R O Mendelsohn, K Meng, G Metcalf, J Moreno-Cruz, R Pindyck, S H Rose, I Rudik, J W Stock, Richard TolRichard TolThere have been dramatic advances in understanding the physical science of climate change, facilitated by substantial and reliable research support. The social value of these advances depends on understanding their implications for society, an arena where research support has been more modest and research progress slower. Some advances have been made in understanding and formalizing climate-economy linkages, but knowledge gaps remain [e.g., as discussed in (1, 2)]. We outline three areas where we believe research progress on climate economics is both sorely needed, in light of policy relevance, and possible within the next few years given appropriate funding: (i) refining the social cost of carbon (SCC), (ii) improving understanding of the consequences of particular policies, and (iii) better understanding of the economic impacts and policy choices in developing economies.
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Publication status
- Published
Journal
ScienceISSN
0036-8075Publisher
American Association for the Advancement of ScienceExternal DOI
Issue
6283Volume
352Page range
292-293Department affiliated with
- Economics Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2016-04-01Usage metrics
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