This paper offers some thoughts on the value added of new economic estimates of climate change damages. We begin with a warning to beware of analyses that are so narrow that they miss a good deal of the important economic ramifications of the full suite of manifestations of climate change. Our...

A favoured method of assimilating information from state-of-the-art climate models into integrated assessment models of climate impacts is to use the transient climate response (TCR) of the climate models as an input, sometimes accompanied by a pattern matching approach to provide spatial...

PAGE09 is an updated version of the PAGE2002 integrated assessment model (Hope <CitationRef CitationID="CR14">2011a</CitationRef>). The default PAGE09 model gives a mean estimate of the social cost of CO<Subscript>2</Subscript> (SCCO<Subscript>2</Subscript>) of $106 per tonne of CO<Subscript>2</Subscript>, compared to $81 from the PAGE2002 model used in the Stern review (Stern <CitationRef CitationID="CR24">2007</CitationRef>). The increase is the net...</citationref></subscript></subscript></subscript></citationref>

The Stern Review received widespread attention for its innovative approach to the economics of climate change when it appeared in 2006, and generated controversies that have continued to this day. One key controversy concerns the magnitude of the expected impacts of climate change. Stern's...