Campus Units

Economics

Document Type

Article

Publication Version

Accepted Manuscript

Publication Date

4-2016

Journal or Book Title

Science

Volume

352

First Page or Article ID Number

292

Last Page

293

DOI

10.1126/science.aad9634

Abstract

There have been dramatic advances in understanding the physical science of climate change, facilitated by substantial and reliable research support. The social value of these advances depends on understanding their implications for society, an arena where research support has been more modest and research progress slower. Some advances have been made in understanding and formalizing climate-economy linkages, but knowledge gaps remain [e.g., as discussed in (1, 2)]. We outline three areas where we believe research progress on climate economics is both sorely needed, in light of policy relevance, and possible within the next few years given appropriate funding: (i) refining the social cost of carbon (SCC), (ii) improving understanding of the consequences of particular policies, and (iii) better understanding of the economic impacts and policy choices in developing economies.

Comments

This is a manuscript of an article from Science 352 (2016): 292, doi: 10.1126/science.aad9634. Posted with permission.

Copyright Owner

The Authors

Language

en

File Format

application/pdf

Published Version

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