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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 Tol
There 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.

History

Publication status

  • Published

Journal

Science

ISSN

0036-8075

Publisher

American Association for the Advancement of Science

Issue

6283

Volume

352

Page range

292-293

Department affiliated with

  • Economics Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2016-04-01

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