Economics of Climate Change

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,...

As the impacts of climate change – from wildfires to flooding – become impossible to ignore, calls to adapt our economy are joined by calls to remove and store existing carbon dioxide, a process known as carbon drawdown. In response, market actors have launched profitable ventures in mechanical-chemical carbon dioxide removal (CDR) and sought government support. But just how effective and sustainable are these ventures? In a recently published paper, New School for Social Research PhD candidate...

Research from SCEPA economists studying the economic impacts of climate change and mitigation policies show green bonds have great potential to help countries across the world increase environmental investments and reach emission targets.