Research

Economic Damages from Climate Change

March 1, 2014

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.

To present and predict changes in weather, the scientific community relies on Integrated Assessment Models (IAMs), which model and predict the impact of carbon emissions, greenhouse gas concentrations, and temperature increases on climate systems. IAMs also seek to determine the social cost of carbon (SCC) by giving the negative effects of climate change a monetary value.

Authors: Anthony Bonen, Willi Semmler and Stephan Klasen
Download PDF

About SCEPA

SCEPA works to focus the public economics debate on the role government can and should play in the real productive economy - that of business, management, and labor - to raise living standards, create economic security, and attain full employment.