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The Economics of Climate Change

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  • Goulder, Lawrence H.
  • Pizer, William A.

    (Resources for the Future)

Abstract

Global climate change poses a threat to the well-being of humans and other living things through impacts on ecosystem functioning, biodiversity, capital productivity, and human health. Climate change economics attends to this issue by offering theoretical insights and empirical findings relevant to the design of policies to reduce, avoid, or adapt to climate change. This economic analysis has yielded new estimates of mitigation benefits, improved understanding of costs in the presence of various market distortions or imperfections, better tools for making policy choices under uncertainty, and alternate mechanisms for allowing flexibility in policy responses. These contributions have influenced the formulation and implementation of a range of climate change policies at the domestic and international levels.

Suggested Citation

  • Goulder, Lawrence H. & Pizer, William A., 2006. "The Economics of Climate Change," RFF Working Paper Series dp-06-06, Resources for the Future.
    • Handle: RePEc:rff:dpaper:dp-06-06
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    References listed on IDEAS

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    2. Chisari, Omar O., 2010. "Notes on Optimal Growth, Climate Change Calamities, Adaptation and Mitigation," IDB Publications (Working Papers) 1531, Inter-American Development Bank.
    3. Nicole A. MATHYS & Jaime DE MELO, 2010. "Trade and Climate Change: The Challenges Ahead," Working Papers P14, FERDI.
    4. Hans Gersbach & Ralph Winkler, 2007. "On the Design of Global Refunding and Climate Change," CER-ETH Economics working paper series 07/69, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich, revised Jul 2007.
    5. Gersbach Hans, 2012. "Contractual Democracy," Review of Law & Economics, De Gruyter, vol. 8(3), pages 823-851, December.
    6. Kocur-Bera, Katarzyna, 2018. "A safe space of rural areas in the context of the occurrence of extreme weather events—A case study covering a part of the Euroregion Baltic," Land Use Policy, Elsevier, vol. 71(C), pages 518-529.
    7. Uzma Hanif & Shabib Haider Syed & Rafique Ahmad & Kauser Abdullah Malik, 2010. "Economic Impact of Climate Change on the Agricultural Sector of Punjab," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 49(4), pages 771-798.
    8. JACKSON Emerson Abraham, 2021. "Financing Sustainable Development: Alleviating Livelihoods In The Forest Sector With Sierra Leone As A Case Study," Management of Sustainable Development, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 13(2), pages 49-65, December.
    9. Aldy, Joseph E. & Pizer, William A. & Akimoto, Keigo, 2015. "A natural outcome of the emerging pledge and review approach to international climate change policy is the interest in comparing mitigation efforts among countries. Domestic publics and stakeholders w," RFF Working Paper Series dp-15-32, Resources for the Future.
    10. Pindilli, Emily & Sleeter, Rachel & Hogan, Dianna, 2018. "Estimating the Societal Benefits of Carbon Dioxide Sequestration Through Peatland Restoration," Ecological Economics, Elsevier, vol. 154(C), pages 145-155.
    11. Frankel, Jeffrey, 2007. "Formulas for Quantitative Emission Targets," Working Paper Series rwp07-011, Harvard University, John F. Kennedy School of Government.
    12. Herbert Wibert & Victor Hasudungana & Sulthon Sjahril Sabaruddinb, 2020. "Incentive-based policy to promote the production of geothermal power from carbon tax scheme: A case of Indonesian CGE model," RIVISTA DI STUDI SULLA SOSTENIBILITA', FrancoAngeli Editore, vol. 0(1), pages 105-127.
    13. Adel Ben Youssef & Mohamed Arouri & Cuong Viet Nguyen, 2017. "Is Internal Migration A Way to Cope With Climate Change? Evidence From Egypt," Working Papers 1099, Economic Research Forum, revised 05 2017.
    14. Hans Gersbach, 2007. "The Global Refunding System and Climate Change," CER-ETH Economics working paper series 07/62, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    15. Shengrun Zhang & Frank Witlox, 2019. "Analyzing the Impact of Different Transport Governance Strategies on Climate Change," Sustainability, MDPI, vol. 12(1), pages 1-20, December.
    16. Hansjürgens, Bernd, 2008. "Internationale Klimapolitik nach Kyoto: Architekturen und Institutionen," UFZ Discussion Papers 10/2008, Helmholtz Centre for Environmental Research (UFZ), Division of Social Sciences (ÖKUS).
    17. Xiao Chen & Alan Woodland, 2013. "International trade and climate change," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 20(3), pages 381-413, June.

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    More about this item

    Keywords

    climate change; global warming; energy;
    All these keywords.

    JEL classification:

    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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