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Climate Change, Economics of

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The New Palgrave Dictionary of Economics

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Abstract

Climate-change economics attends to the various threats posed by global climate change by offering theoretical and empirical insights relevant to the design of policies to reduce, avoid, or adapt to such change. This economic analysis has yielded new estimates of mitigation benefits, improved assessments of policy costs in the presence of various market distortions or imperfections, better tools for making policy choices under uncertainty, and alternative mechanisms for allowing flexibility in policy responses. These contributions have influenced the formulation and implementation of a range of climate-change policies at domestic and international levels.

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Acknowledgment

The authors gratefully acknowledge very helpful comments on earlier drafts by Kenneth Arrow, Steven Durlauf, Raymond Kopp, Richard Morgenstern, Robert Stavins and Roberton Williams III.

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  1. http://link.springer.com/referencework/10.1057/978-1-349-95121-5

    Lawrence H. Goulder & William A. Pizer

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  1. Lawrence H. Goulder
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  2. William A. Pizer
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Goulder, L.H., Pizer, W.A. (2018). Climate Change, Economics of. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2595

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