This timely Handbook recognizes the emergence of climate change as the defining topic of our time. With public climate discourse growing more urgent every year, this Handbook brings together international experts from different economic disciplines to answer critical climate policy questions.
Chapters present key ideas and policies to support and accelerate advances in three key areas: the political economy of climate change and climate policy, integrated assessment modelling, and economic and resource sustainability. Contributors discuss the distributional implications of climate change and how policy makers may respond in order to contribute to economic transformation in the midst of a global crisis.
With reference to both theoretical and applied economics, this Handbook is critical reading for economists working in the field of climate policy and climate change. It will also appeal to a broader group of environmental scientists and scholars.
Introduction
Section I: The Political Economy of Climate Change and Climate Policy
1. Distributional Issues in Climate Policy: Air Quality Co-benefits and Carbon Rent
James K. Boyce
2. Evaluating Policies to Implement the Paris Agreement: A Toolkit with Application to China
Ian Parry, Baoping Shang, Nate Vernon, Philippe Windeger and Tarun Narasimhan
3. Bargaining to Lose: A Permeability Approach to Post-Transition Resource Extraction
Natasha Chichilnisky-Heal
4. Host-MNC Relations in Resource-Rich Countries
Natasha Chichilnisky-Heal and Geoffrey M. Heal
5. Bargaining to Lose the Global Commons
Natasha Chichilnisky-Heal and Graciela Chichilnisky
Section II: Integrated Assessment Modelling
6.Integrated Assessment Models of climate change
Chris Hope
7. Climate Change Policy under Spatial Heat Transport and Polar Amplification
William Brock and Anastasios Xepapadeas
8. Progressive adaptation strategies in European coastal cities: a response to flood-risk under uncertainty
Luis M. Abadie, Elisa Sainz de Murieta, Ibon Galarraga and Anil Markandya
9. Economic Growth and the Social Cost of Carbon: Additive versus Multiplicative Damages
Armon Rezai, Frederick van der Ploeg and Cees Withagen
10. Optimal Global Climate Policy and Regional Carbon Prices
Mark Budolfson and Francis Dennig
11. Tipping and Reference Points in Climate Change Games
Alessandro Tavoni and Doruk Iris
Section III: Climate Change and Sustainability
12. Climate Change, Malthus and Collapse
Norman Schofield
13. Greenhouse Gas and Cyclical Growth
Lance Taylor and Duncan Foley
14. Growth and Sustainability
Robin Hahnel
15. Intergenerational altruism: A solution to the climate problem?
Frikk Nesje and Geir Asheim
16. On Intertemporal Equity and Efficiency in a Model of Global Warming
John Hartwick and Tapan Mitra
17. Transformational change: Parallels for addressing climate and development goals
Penny Mealy and Cameron Hepburn
18. Less precision, more truth: Uncertainty in climate economics and macroprudential policy
Cameron Hepburn and J. Doyne Farmer
