A Climate Change Damage Function (CCDF) is a reduced form relationship linking macroeconomic aggregates (e.g., potential GDP) to climate indicators (e.g., average temperature levels). This function is used in a variety of studies about climate change impacts and policy analysis. However, despite...

Significant changes in climate are already visible globally, and are expected to become more pronounced in the future. These will lead to wide ranging impacts on the natural and man-made environment across different sectors and regions, which in turn will lead to economic costs. These economic...

This work develops a framework for the analysis at the macro-level of the relationship between adaptation and mitigation policies. The FEEM-RICE growth model with stock pollution, endogenous R&D investment and emission abatement is enriched with a planned-adaptation module where a defensive...

Significant changes in climate are already visible globally, and are expected to become more pronounced in the future. These will lead to wide ranging impacts on the natural and man-made environment across different sectors and regions, which in turn will lead to economic costs. These economic...

This paper surveys recent advances in climate models by emphasising how quantitative instruments can answer the main crucial questions addressed by the policymakers involved and therefore aid the formulation of effective global climate policies. The limits of existing models are highlighted and...

This paper analyses the relationship between different equity rules and the incentives to sign and ratify a climate agreement. A widespread conjecture suggests that a more equitable ex-ante distribution of the burden of reducing emissions would provide the right incentives for more countries -...