In 2010, as part of a rulemaking on efficiency standards, the U.S. government published its first estimates of the benefits of reducing CO<Subscript>2</Subscript> emissions, referred to as the social cost of carbon (SCC). Using three climate economic models, an interagency task force concluded that regulatory impact...</subscript>

This article examines the issue of whether low-carbon growth might be in the self-interest of Brazil, India, and China. These countries are the largest member countries of the G20 emerging markets (GEMs), and are also members of the BRIC and BASIC grouping of countries. Individually, they are...

The US government must use an official estimate of the “social cost of carbon” (SCC) to estimate carbon emission reduction benefits for proposed environmental standards expected to reduce CO<Subscript>2</Subscript> emissions. The SCC is a monetized value of the marginal benefit of reducing one metric ton of CO<Subscript>2</Subscript>....</subscript></subscript>

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>

This timely Handbook reviews many key issues in the economics of energy and climate change, raising new questions and offering solutions that might help to minimize the threat of energy-induced climate change.

At the recent UN climate negotiations in Bali, most countries sought an agreement to cut industrialized countries' emissions of CO₂ by between 25% and 40% by 2020. The final agreed wording at Bali was that 'deep cuts' in emissions were required, without further quantification. The PAGE2002...