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Research Frontiers in the Economics of Climate Change

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  • Toman, Michael

Abstract

Academic and policy debates over climate change risks and policies have stimulated economic research in a variety of fields. In this article I briefly discuss eight overlapping areas of current research in which further effort particularly is warranted. These areas include decision criteria for policy; risk assessment and adaptation; uncertainty and learning; abatement cost and the innovation and diffusion of technology; and the credibility of policies and international agreements. Further analysis in these areas not only will advance academic understanding but also will provide insights of considerable importance to policymakers.

Suggested Citation

  • Toman, Michael, 1998. "Research Frontiers in the Economics of Climate Change," RFF Working Paper Series dp-98-32, Resources for the Future.
    • Handle: RePEc:rff:dpaper:dp-98-32
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    1. Marc Vielle & Alain L. Bernard, 1998. "Un exemple d'utilisation : le coût de politiques de réduction des gaz à effet de serre," Économie et Prévision, Programme National Persée, vol. 136(5), pages 33-48.
    2. Jacobsen, Henrik Klinge, 2001. "Technological progress and long-term energy demand -- a survey of recent approaches and a Danish case," Energy Policy, Elsevier, vol. 29(2), pages 147-157, January.
    3. Khanna, Madhu & Zilberman, David, 2001. "Adoption of energy efficient technologies and carbon abatement: the electricity generating sector in India," Energy Economics, Elsevier, vol. 23(6), pages 637-658, November.
    4. Stéphane Hallegatte, 2005. "Interactions d'échelles en économie : Application à l'évaluation intégré des dommages du changement climatique et des événements extrêmes," CIRED Working Papers halshs-00008712, HAL.
    5. Karoline S. Rogge & Elisabeth Dütschke, 2017. "Exploring Perceptions of the Credibility of Policy Mixes: The Case of German Manufacturers of Renewable Power Generation Technologies," SPRU Working Paper Series 2017-23, SPRU - Science Policy Research Unit, University of Sussex Business School.
    6. Ackah, Ishmael, 2015. "On the relationship between energy consumption, productivity and economic growth: Evidence from Algeria, Ghana, Nigeria and South Africa," MPRA Paper 64887, University Library of Munich, Germany.
    7. Christian Azar, 1998. "Are Optimal CO 2 Emissions Really Optimal?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 11(3), pages 301-315, April.
    8. Henrik Klinge Jacobsen, 2000. "Technology Diffusion in Energy-Economy Models: The Case of Danish Vintage Models," The Energy Journal, , vol. 21(1), pages 43-72, January.
    9. Larosa, Francesca & Mysiak, Jaroslav & Molinari, Marco & Varelas, Panagiotis & Akay, Haluk & McDowall, Will & Spadaru, Catalina & Fuso-Nerini, Francesco & Vinuesa, Ricardo, 2023. "Closing the gap between research and projects in climate change innovation in Europe," MPRA Paper 116771, University Library of Munich, Germany, revised 2023.
    10. Sareh Vosooghi, "undated". "Information Design In Coalition Formation Games," ETA: Economic Theory and Applications 258010, Fondazione Eni Enrico Mattei (FEEM).
    11. Toman, Michael & Morgenstern, Richard & Anderson, John, 1998. "The Economics of "When" Flexibility in the Design of Greenhouse Gas Abatement Policies," RFF Working Paper Series dp-99-38-rev, Resources for the Future.
    12. Emily Tyler & Richard Chivaka, 2011. "The use of real options valuation methodology in enhancing the understanding of the impact of climate change on companies," Business Strategy and the Environment, Wiley Blackwell, vol. 20(1), pages 55-70, January.
    13. Henri de Groot, 2001. "On the optimal timing of reductions of CO2 emissions; an economists' perspective on the debate on "when flexibility"," CPB Discussion Paper 1.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    14. Shaw, W. Douglass & Woodward, Richard T., 2008. "Why environmental and resource economists should care about non-expected utility models," Resource and Energy Economics, Elsevier, vol. 30(1), pages 66-89, January.
    15. Makropoulou, Vasiliki & Dotsis, George & Markellos, Raphael N., 2013. "Environmental policy implications of extreme variations in pollutant stock levels and socioeconomic costs," The Quarterly Review of Economics and Finance, Elsevier, vol. 53(4), pages 417-428.
    16. Jean-Charles Hourcade & Frédéric Ghersi, 1998. "De Kyoto à Buenos Aires : l'émergence d'un nouveau contexte pour la compétition industrielle," Revue d'Économie Industrielle, Programme National Persée, vol. 83(1), pages 27-45.

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