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

G20 Features SCEPA Article on Climate & Cooperation

This year’s materials for the G20 Summit include a SCEPA research paper co-written by Willi Semmler, the Director of SCEPA’s Economics of Climate Change project. The paper investigates how to recover the European Union (EU)’s sense of common aims after the Covid-19 crisis to address challenges such as long-term scarring of the labor market, Climate Change, European social and health care system and sustainability of sovereign debt. 

Fiscal Policies for a Low-Carbon Economy

The World Bank published a report authored by a team of New School economists that investigates fiscal policies to help us move from a high-carbon economy to a low-carbon economy while minimizing financial instability.

How to Reverse the EU's Division and Support Recovery

SCEPA Climate Economics Director Willi Semmler and co-authors Francesco Saraceno and Brigitte Young published a new article asking how the European Union (EU) can recover its sense of common purpose after the Covid-19 crisis exacerbated division between and among member countries. The authors recommend a shared policy agenda for recovery to ensure Europe’s resilience in the face of future crises. The economic and political consequences of the union’s divergence between core and periphery,...

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

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

Economic Damages from Climate Change

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