Economics of Climate Change

Led by SCEPA economist Willi Semmler, SCEPA's Economics of Climate Change project explores effective climate change policy in light of fragile domestic and global economies and the practicalities of mitigation strategies such as renewable energy.

Insights Blog

Carbon Pricing Paired with Green Bonds

SCEPA economists published a World Bank working paper arguing that both the carbon tax and green bonds are needed to mitigate climate change while sharing the cost across generations.

Are Central Banks Prepared for the Next Recession?

SCEPA economists worked with the IMF’s Independent Evaluation Office (IEO) on their June 2019 evaluation of the IMF’s advice on unconventional monetary policies.  

IMF Working Paper: How Climate Disasters Affect Capital

Economist Willi Semmler, director of SCEPA’s Economics of Climate Change project, co-authored an IMF Working Paper modeling how climate disasters affect population segments, infrastructure, housing, and private capital, possibly leading to poverty traps.

Resource Library

The Economics of Climate Change

In light of the urgency presented by global warming, this policy note makes a case for ambitious mitigation policies aimed at reducing carbon emission.

Economic Growth and Climate Change

This paper sheds light on the various theories which attempt to explain the relationship between economic growth and climate change.

Economic Damages from Climate Change

This paper clarifies one of the most important aspects in evaluating the SCC in IAMs - the damage function - which maps environmental changes to economic impacts.