Economic Models of Climate Change (original) (raw)

American Economic Review, 2008

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.

Introduction: special issue on the economics of climate change and sustainability (Part A)

Environment and Development Economics, 2019

Climate change is one of the most significant and complex challenges facing the world's economies. The necessity to enlarge the knowledge base regarding climate change and its impacts and to design efficient policies is widely accepted by the scientific community, the decision makers and the general public. This special issue, which will be published in two parts in the current and subsequent issue of Environment and Development Economics, is a selection of papers related to the topic of the international workshop on 'The Economics of Climate Change and Sustainability' organized by the Economics Department of the University of Bologna in April 2018. The papers in this special issue cover a wide range of climate-change-related topics, which include endogenous growth and overlapping generation models; climate-related financing and green bonds; demographics; location decisions; technology diffusion; quantitative relationships and experimental approaches. We hope that this special issue will provide some new insights into the economics of climate change and help to identify new directions for future research.

Economics of Climate Change Chapter

Tribhuvan University, 2019

Climate change is a global issue that is occurring from the past and having a chance to occur in the future as well. Its impact is seen in different sector of the environment, especially, health and sanitation, floral and faunal diversity, hydroelectricity, agriculture, infrastructure, tourism, drinking water, and irrigation. Climate change is also an economic issue arising from production sector due to the emission of greenhouse gases. It had direct as well as indirect impacts on economy of a country and the world, and economic principles help to minimize climate change impacts. Climate change economics focuses on assessing monetary and non-monetary cost and benefits associated with the changing climate and its associated impacts. Loss and damage of climate change is one of the important economic aspects as loss of any physical resources and damage to property is totally related to money. It is also necessary to address climate, biodiversity, and human livelihood concerns in international level by focusing on reducing emissions from deforestation and forest degradation in developing countries. There are different economic measures to reduce greenhouse gases emission and minimize climate change and its impacts, such as command and control measures, taxation, subsidies, marketable emission permits, and emission standards. Economics of climate change adaptation focuses on allocating monetary and non-monetary resources in adapting towards adverse impacts of climate change in community and ecosystem level.

Economic Impacts of Climate change

2018

The economics of climate change is detailed with emphasis on evolution of concept, various models for Calculation, Global and national scenario's concluding with best practices

Introduction: special issue on the economics of climate change and sustainability (Part B)

Environment and Development Economics, 2020

Climate change is considered to be one of the most significant and complex challenges facing the world in the twenty-first century. As such, it is essential to increase the knowledge base regarding climate change and how best to address its impacts through efficient policies. This special issue, which is divided into two parts-published in the previous and current issues of Environment and Development Economics-is a selection of papers related to 'The Economics of Climate Change and Sustainability', the topic of an international workshop organized by the Economics Department of the University of Bologna in April 2018. The papers in this special issue cover a wide range of climate-change-related topics, including endogenous growth and overlapping generation models; climate-related financing and green bonds; demography; location decisions and technology diffusion; quantitative relationships and experimental approaches. They aim at providing new insights into the economics of climate change and help to identify new directions for future research.

Integration of Climate Change into Economic Theory: Reviewing the Global Process

With climate change appearing on the horizon of economic theory and analytical research, it becomes imperative that the links are traced to the origin of the connection between the climate change and economics. Climate change traditionally, is a subject for meteorologists, ecologist and marine biologists. When economist and financial experts, start debating climate change, it means that the subject matter now includes costs and finance; income distribution; and factors of production. Energy resource and fossil fuels are the focus for this discussion as these are linked to: CO2 emissions and other Green House Gases (GHG) emissions and the abatement costs of these emissions.