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A Meta-Analysis of the Economic Impacts of Climate Change Policy in the United States

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  • Adam Rose
  • Noah Dormady

Abstract

This paper provides a meta-analysis of a broad set of recent studies of the economic impacts of climate change mitigation policies. It evaluates the influences of the impacts of causal factors, key economic assumptions and macroeconomic linkages on the outcome of these studies. A quantile regression analysis is also performed on the meta sample, to evaluate the robustness of those key factors throughout the full range of macro findings. Results of these analyses suggest that study results are strongly driven by data inputs, economic assumptions and modeling approaches. However, they are sometimes affected in counterintuitive ways.

Suggested Citation

  • Adam Rose & Noah Dormady, 2011. "A Meta-Analysis of the Economic Impacts of Climate Change Policy in the United States," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 143-166.
    • Handle: RePEc:aen:journl:2011v32-02-a06
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    References listed on IDEAS

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    1. Terry Barker & Jonathan Köhler & Marcelo Villena, 2002. "Costs of greenhouse gas abatement: meta-analysis of post-SRES mitigation scenarios," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 5(2), pages 135-166, June.
    2. Donald A. Hanson and John A. Skip Laitner, 2006. "Technology Policy and World Greenhouse Gas Emissions in the AMIGA Modeling System," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 355-372.
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    Citations

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    Cited by:

    1. Diaz Anadon, Laura & Chan, Gabe & Bosetti, Valentina & Nemet, Gregory & Verdolini, Elena, 2014. "Energy Technology Expert Elicitations for Policy: Workshops, Modeling, and Meta-analysis," Climate Change and Sustainable Development 188381, Fondazione Eni Enrico Mattei (FEEM).
    2. Gregory F. Nemet & Laura Diaz Anadon & Elena Verdolini, 2017. "Quantifying the Effects of Expert Selection and Elicitation Design on Experts’ Confidence in Their Judgments About Future Energy Technologies," Risk Analysis, John Wiley & Sons, vol. 37(2), pages 315-330, February.
    3. Dan Wei and Adam Rose, 2014. "Macroeconomic Impacts of the California Global Warming Solutions Act on the Southern California Economy," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).
    4. Johanna Choumert & Pascale Combes Motel & Charlain Guegang Djimeli, 2017. "The biofuel-development nexus: A meta-analysis," CERDI Working papers halshs-01512678, HAL.
    5. Adam Rose & Dan Wei & Noah Dormady, 2011. "Regional macroeconomic assessment of the Pennsylvania Climate Action Plan," Regional Science Policy & Practice, Wiley Blackwell, vol. 3(4), pages 357-379, November.
    6. Choumert Nkolo, Johanna & Combes Motel, Pascale & Guegang Djimeli, Charlain, 2018. "Income-generating Effects of Biofuel Policies: A Meta-analysis of the CGE Literature," Ecological Economics, Elsevier, vol. 147(C), pages 230-242.
    7. Eskeland, Gunnar S. & Rive, Nathan A. & Mideksa, Torben K., 2012. "Europe’s climate goals and the electricity sector," Energy Policy, Elsevier, vol. 41(C), pages 200-211.
    8. Dormady, Noah C., 2014. "Carbon auctions, energy markets & market power: An experimental analysis," Energy Economics, Elsevier, vol. 44(C), pages 468-482.
    9. Azreen Karim & Ilan Noy, 2016. "Poverty and Natural Disasters: A Meta-Regression Analysis," Review of Economics and Institutions, Università di Perugia, vol. 7(2).
    10. Moskalenko, Anatolii & Ivanov, Dmytro & Shyian, Nataliia & Khalep, Yurii, 2023. "Environmental features of land use formation in the regions of Ukraine," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 9(4), December.
    11. Monika Wieczorek-Kosmala, 2020. "Weather Risk Management in Energy Sector: The Polish Case," Energies, MDPI, vol. 13(4), pages 1-21, February.

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