by Vincent Randall
A perspective on economists’ grappling with the ‘uncertainty monster.’
by Vincent Randall
A perspective on economists’ grappling with the ‘uncertainty monster.’
Posted in Economics, Uncertainty
by Judith Curry
The Social Cost of Carbon is emerging as a major source of contention in the Trump Administration.
Posted in Economics, Policy, Sensitivity & feedbacks
by Nic Lewis
Last week, a U.S. federal court upheld the approach that the government uses to calculate the social cost of carbon when it issues regulations [link]. The models appear to have seriously overestimated the social cost of carbon.
Posted in Economics
by Judith Curry
Some new analyses are shedding some light on deficiencies in the approach to estimate the social cost of carbon.
by Dave Rutledge
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On August 3, President Obama declared that “under the Clean Power Plan, by 2030, renewables will account for 28% of our capacity,” and “will save the average American family nearly $85 on their annual energy bill in 2030.”
by Judith Curry
Because there is no good, cheap green energy, the almost universal political choices have been expensive policies that do very little. There is much greater scope for climate policies to make the total climate cost greater through the 21st century. – Bjorn Lomborg
by Judith Curry
http://www.nytimes.com/2014/05/25/upshot/buying-insurance-against-climate-change.html?hpw&rref=&_r=0
Posted in Adaptation, Economics
by Judith Curry
For most of the world’s population, climate change means nothing but trouble. For a few, it means laughing all the way to the bank. – George Black
Posted in Economics
by Judith Curry
The economic value of climate mitigation depends sensitively on the slim possibility of extreme warming.
Posted in Economics, Sensitivity & feedbacks
by Judith Curry
I recently received a query from a journalist:
Do natural disasters help local economies?
Posted in Economics