Climate Economics: A Meta-Review and Some Suggestions /
Heal, Geoffrey.
Climate Economics: A Meta-Review and Some Suggestions / Geoffrey Heal. - Cambridge, Mass. National Bureau of Economic Research 2008. - 1 online resource: illustrations (black and white); - NBER working paper series no. w13927 . - Working Paper Series (National Bureau of Economic Research) no. w13927. .
April 2008.
What have we learned from the outpouring of literature as a result of the Stern Review of the Economics of Climate Change? A lot. We have explored the model space and the parameter space much more thoroughly, though there are still unexplored regions. While there are aspects of the Stern Review's analysis with which we can disagree, it seems fair to say that it has catalyzed a fundamental rethinking of the economic case for action on climate change. We are now in a position to give some conditions that are sufficient to provide a case for strong action on climate change, but need more work before we have a fully satisfactory account of the relevant economics. In particular we need to understand better how climate change affects natural capital - the natural environment and the ecosystems comprising it - and how these affect human welfare.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.
Climate Economics: A Meta-Review and Some Suggestions / Geoffrey Heal. - Cambridge, Mass. National Bureau of Economic Research 2008. - 1 online resource: illustrations (black and white); - NBER working paper series no. w13927 . - Working Paper Series (National Bureau of Economic Research) no. w13927. .
April 2008.
What have we learned from the outpouring of literature as a result of the Stern Review of the Economics of Climate Change? A lot. We have explored the model space and the parameter space much more thoroughly, though there are still unexplored regions. While there are aspects of the Stern Review's analysis with which we can disagree, it seems fair to say that it has catalyzed a fundamental rethinking of the economic case for action on climate change. We are now in a position to give some conditions that are sufficient to provide a case for strong action on climate change, but need more work before we have a fully satisfactory account of the relevant economics. In particular we need to understand better how climate change affects natural capital - the natural environment and the ecosystems comprising it - and how these affect human welfare.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.