The Economics of Climate Change

Lawrence H. Goulder and William Pizer

No 11923, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: 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. This paper briefly surveys recent research on the economics of climate change, including theoretical insights and empirical findings that offer guidance to policy makers. Section 1 frames the climate change problem and indicates the ways that economic research can address it. Section 2 describes approaches to measuring the benefits and costs associated with reducing greenhouse gas emissions. In Section 3 we discuss the implications of uncertainty for the timing and stringency of policies to address possible climate change. We then present issues related to policy design, including instrument choice (Section 4), flexibility (Section 5), and international coordination (Section 6). The final section offers general conclusions.

JEL-codes: D62 H23 N50 Q20 (search for similar items in EconPapers)
Date: 2006-01
New Economics Papers: this item is included in nep-ene, nep-env and nep-pbe
Note: PE EEE
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

Published as Blume, Lawrence and Steven Durlauf (eds.) The New Palgrave Dictionary of Economics, Palgrave MacMillan, Ltd., May 2008.

Downloads: (external link)
http://www.nber.org/papers/w11923.pdf (application/pdf)

Related works:
Working Paper: The Economics of Climate Change (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:11923

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w11923

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().