Climate Economics: A Meta-Review and Some Suggestions
28 Pages Posted: 11 Apr 2008 Last revised: 23 Jul 2022
Date Written: April 2008
Abstract
What have we learned from the outpouring of literature as a result of the Stern Review of the Economics of Climate Change? A lot. We have explored the model space and the parameter space much more thoroughly, though there are still unexplored regions. While there are aspects of the Stern Review's analysis with which we can disagree, it seems fair to say that it has catalyzed a fundamental rethinking of the economic case for action on climate change. We are now in a position to give some conditions that are sufficient to provide a case for strong action on climate change, but need more work before we have a fully satisfactory account of the relevant economics. In particular we need to understand better how climate change affects natural capital - the natural environment and the ecosystems comprising it - and how these affect human welfare.
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
Uncertainty and Climate Change
By Geoffrey M. Heal and Bengt Kriström
-
By Simon Dietz and Nicholas Stern
-
Additive Damages, Fat-Tailed Climate Dynamics, and Uncertain Discounting
-
Additive Damages, Fat-Tailed Climate Dynamics, and Uncertain Discounting
-
By Michael Greenstone, Elizabeth Kopits, ...