The polluter pays principle tells us that whoever is responsible for producing pollution is alsoresponsible for paying for the damage caused by the pollution (OECD, 1992). So anyone whoseactivities lead to the emission of a tonne of carbon dioxide (CO2) should be taxed for the extradamage that...

A new version of the PAGE integrated assessment model, PAGE09, is introduced. The mostimportant scientific, impact, emission and adaptation inputs in the latest default version of themodel, PAGE09 v1.7 are described. The scientific and economic impact results are presented for abusiness as usual...

Recent thinking about the economics of climate change has concerned the uncertainty about the upper bound of both climate sensitivity to greenhouse gases and the damages that might occur at high temperatures. This argument suggests that the appropriate probability distributions for these factors...

Recent thinking about the economics of climate change has concerned the uncertainty about the upper bound of both climate sensitivity to greenhouse gases and the damages that might occur at high temperatures. This argument suggests that the appropriate probability distributions for these factors...