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Debating climate economics: a response to Ackerman's critique of climate damage modeling

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journal contribution
posted on 2023-06-09, 00:49 authored by Richard TolRichard Tol
Ackerman and Munitz (2016) offer a critique of estimates of the economic impact of climate change and the social cost of carbon in general, and the FUND model in particular. I am grateful for the opportunity to reply. In this response, I note that (i) their concerns are not new; (ii) they highlight strengths of FUND rather than its weaknesses; and (iii) they revisit their old mistakes. I conclude with a few improvements to FUND prompted by Messrs Ackerman and Munitz.

History

Publication status

  • Published

File Version

  • Accepted version

Journal

Energy Research & Social Science

ISSN

2214-6296

Publisher

Elsevier

Volume

17

Page range

165-166

Department affiliated with

  • Economics Publications

Full text available

  • Yes

Peer reviewed?

  • Yes

Legacy Posted Date

2016-04-08

First Open Access (FOA) Date

2017-05-07

First Compliant Deposit (FCD) Date

2016-04-08

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