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Integrated Assessment And Climate Change

In: CLIMATE CHANGE ECONOMICS Commemoration of Nobel Prize for William Nordhaus

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  • ROBERT MENDELSOHN

Abstract

The crowning achievement of the many published papers and books that William Nordhaus has published on climate change is the development of a simple Integrated Assessment Model of climate change. Embedding natural science insights into an economic framework reveals one can “solve” this difficult problem “for the greatest good, for the greatest number, and for the longest time”. Making certain that all the pieces are empirically based, and fit tightly together, and are internally consistent reveals this to be a masterpiece in the fine art of Integrated Assessment.

Suggested Citation

  • Robert Mendelsohn, 2021. "Integrated Assessment And Climate Change," World Scientific Book Chapters, in: Robert Mendelsohn (ed.), CLIMATE CHANGE ECONOMICS Commemoration of Nobel Prize for William Nordhaus, chapter 4, pages 47-59, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811247699_004
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    Keywords

    William Nordhaus; Climate Change; Integrated Assessment; Climate Change Adaptation; Climate Change Policy; Climate Clubs;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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