Things tagged 'Stern Review'
Any comparison of the costs and benefits of climate change is dominated by the chosen discount rate. But, although the [...]
This working note provides a basic overview of discounting in the context of climate change policy. After defining the social discount [...]
Climate Change already harming the global economy. Climate change now costs more than the emissions cuts that are needed to tackle global warming. If the claims stand up, it boosts the case for urgent action, says Cameron Hepburn of the London School of Economics. “Caps on emissions should be much tighter, and carbon prices much higher, than they are […]
There are two ways to look at the expenditure that will be required if the world is to make a serious attempt to curb global warming. As always in the analysis of climate change, there are enormous uncertainties, both about the science and the economics. But calculations set out in a report from Shell Springboard, […]
Risk, inequality and time: How can public attitudes be incorporated better into the economics of climate change?
Much of the debate following the publication of the Stern Review of the Economics of Climate Change has focused on [...]