GC008
Advances in Estimates of Economic Damages from Climate Change to Support Updated Social Cost of Greenhouse Gas Calculations and Improved Policy Analysis

Session ID#: 162008

Session Description:
Estimates of economic damages from climate change play a critical role in informing US federal and other policies that affect greenhouse gas emissions. This role is exemplified by the social cost of greenhouse gases (SCGHG), an economic estimate of climate damages that has been used by the US federal government since 2008 in benefit cost analyses and that supports decision-making at the state level and internationally. By executive order, the US government is updating its SCGHG estimation methodology across all components of the estimation process -- long-run socioeconomic projections, climate model, damage functions, and economic discounting -- to improve the transparency and scientific basis of its estimates. This session will focus on papers advancing the state of the science in these areas, individually or collectively, to improve estimates of damages from climate change to support improved policy analysis.
Index Terms:

1630 Impacts of global change [GLOBAL CHANGE]
1699 General or miscellaneous [GLOBAL CHANGE]
6304 Benefit-cost analysis [POLICY SCIENCES & PUBLIC ISSUES]
6324 Legislation and regulations [POLICY SCIENCES & PUBLIC ISSUES]


Primary Convener:  Kevin Joseph Rennert, Resources for the Future, Washington, DC, United States
Conveners:  Kelly E McCusker, Rhodium Group, Seattle, United States, Robert E Kopp, Rutgers University New Brunswick, Institute of Earth, Ocean, and Atmospheric Sciences, New Brunswick, NJ, United States and David Anthoff, University of California Berkeley, Berkeley, CA, United States
 
The Social Cost of Intensified Extreme Heat (1044994)
Christopher Callahan, Dartmouth College, Hanover, NH, United States and Justin S Mankin, Stanford University, Stanford, NH, United States
 
Skier Demand and Snow Conditions in the Thompson Okanagan Region (1046048)
Wendelin Giesler, University of British Columbia Okanagan, Earth and Environmental Sciences, Kelowna, BC, Canada, Michael Josef Pidwirny, Univ of British Columbia, Kelowna, BC, Canada and John Janmaat, University of British Columbia Okanagan, Economics, Kelowna, BC, Canada
 
Towards the development of economic damage functions for weather and climate extremes (1055149)
Christian L. E. Franzke, Institute for Basic Science, Center for Climate Physics, Busan, South Korea
 
Biome range shifts under climate change: impacts on country-level macro-economic production and ecosystem services (1056493)
Bernardo Bastien-Olvera1, Marc Conte2, Xiaoli Dong3, Tania Briceno4, David Batker4 and Frances Claire Moore5, (1)University of California Davis, Davis, CA, United States, (2)Fordham University, Department of Economics, Bronx, United States, (3)University of California Davis, Department of Environmental Science and Policy, Davis, CA, United States, (4)Equilibrium Economics, Washington DC, United States, (5)Stanford Earth Sciences, Stanford, United States
 
The Welfare Economics of a Data Driven Social Cost of Carbon (1074452)
Ishan Nath1, Kelly E McCusker2, Ian Wesley Bolliger3, Tamma Carleton4, Michael Delgado5, Michael Greenstone6, Trevor Houser5, Solomon M Hsiang7, Andrew Hultgren8,9, Amir Jina10, Robert E Kopp11, James A Rising12 and Ashwin Rode13, (1)Federal Reserve Bank of San Francisco, San Francisco, United States, (2)Rhodium Group, Seattle, WA, United States, (3)University of California Berkeley, Energy and Resources Group, Berkeley, CA, United States, (4)University of California Santa Barbara, Bren School of Environmental Science & Management, Santa Barbara, United States, (5)Rhodium Group, Oakland, CA, United States, (6)University of Chicago, Chicago, IL, United States, (7)University of California, Berkeley, Goldman School of Public Policy, Berkeley, United States, (8)University of Illinois at Urbana Champaign, Agricultural and Resource Economics, Urbana, United States, (9)University of California Berkeley, Agricultural and Resource Economics, Berkeley, United States, (10)University of Chicago, Harris School of Public Policy, Chicago, United States, (11)Rutgers University New Brunswick, Institute of Earth, Ocean, and Atmospheric Sciences, New Brunswick, NJ, United States, (12)University of Delaware, Newark, DE, United States, (13)University of Chicago, Economics, Chicago, IL, United States
 
Structural Changes in the Social Cost of Carbon (1079202)
James Rising, University of Delaware, Newark, United States, Frances Claire Moore, Stanford Earth Sciences, Stanford, United States, Simon Dietz, London School of Economics, London, United Kingdom, Moritz Drupp, University of Hamburg, Hamburg, Germany, Ivan Rudik, Cornell University, Ithaca, United States and Gernot Wagner, Harvard University, Cambridge, MA, United States
 
The Social Discount Rate for Biochar Projects in the United States (1123454)
Maryam Nematian, University of California Merced, Merced, CA, United States and Catherine Keske, University of California Merced, Merced, United States
 
Economic Uncertainty Dominates Climate Uncertainty in Determining CO2 Price Paths (1127509)
Adam Bauer, University of Illinois at Urbana Champaign, Urbana, United States, Cristian Proistosescu, University of Illinois Urbana‐Champaign, Champaign, United States and Gernot Wagner, New York University, New York, United States
 
A Complete Assessment of Climate Uncertainty in Projections of Climate Impacts (1143052)
Kevin Schwarzwald, Columbia University of New York, Earth and Environmental Sciences, New York, NY, United States and Nathan J L Lenssen, University of Colorado at Boulder, Department of Atmospheric and Oceanic Sciences, Boulder, United States
 
Estimating Impacts from Climate Change to the United States Using the Framework for Evaluating Damages and Impacts (FrEDI) (1169285)
Corinne Hartin1, Marcus C Sarofim2, Erin E. McDuffie3, Karen Noiva4 and Jacqueline Willwerth4, (1)Environmental Protection Agency Washington DC, Washington, United States, (2)U.S. EPA - Climate Change Division, Washington, DC, United States, (3)US Environmental Protection Agency - Washington DC, Washington, United States, (4)Industrial Economics, Inc., Cambridge, United States
 
Labor Disutility in a Warmer World: The Impact of Climate Change on the Global Workforce (1192729)
Ashwin Rode1, Rachel Baker2, Tamma Carleton3, Anthony D'Agostino4, Michael Delgado5, Timothy Foreman6, Diana Robin Gergel, Michael Greenstone8, Trevor Houser5, Solomon M Hsiang9, Andrew Hultgren10, Amir Jina11, Robert E Kopp12, Steven B Malevich13, Kelly E McCusker14, Matthew Pecenco15, Ishan Nath16, James Rising17 and Jiacan Yuan18, (1)University of Chicago, Economics, Chicago, IL, United States, (2)Princeton University, Princeton, NJ, United States, (3)University of California Santa Barbara, Bren School of Environmental Science & Management, Santa Barbara, United States, (4)Mathematica, Oakland, United States, (5)Rhodium Group, Oakland, CA, United States, (6)Kings College, London, United Kingdom, (7)University of Chicago, Chicago, IL, United States, (8)University of California, Berkeley, Goldman School of Public Policy, Berkeley, United States, (9)University of Illinois at Urbana Champaign, Agricultural and Resource Economics, Urbana, United States, (10)University of Chicago, Harris School of Public Policy, Chicago, United States, (11)Rutgers University New Brunswick, Institute of Earth, Ocean, and Atmospheric Sciences, New Brunswick, NJ, United States, (12)Rhodium Group, New York, United States, (13)Rhodium Group, Seattle, WA, United States, (14)Brown University, Providence, United States, (15)Federal Reserve Bank of San Francisco, San Francisco, United States, (16)University of Delaware, Newark, United States, (17)Fudan University, Shanghai, China
 
Comprehensive Evidence Implies a Higher Social Cost of CO2 (1193915)
Lisa Rennels1, Kevin Joseph Rennert2, Frank Cooper Errickson3, Richard Newell2, Brian Prest2, William Pizer2, Cora Kingdon4, Jordan Wingenroth2, Roger marvin Cooke2, Bryan Parthum5, David Smith5, Kevin Cromar6, Frances Claire Moore7, Ulrich K Muller8, Richard J Plevin9, Adrian E Raftery10, Hana Sevcikova11, Hannah Sheets12, James Stock13, Tammy Tan5, Mark Watson8, Tony E Wong12 and David Anthoff14, (1)University of California Berkeley, Energy and Resources Group, Berkeley, CA, United States, (2)Resources for the Future, Washington, DC, United States, (3)Princeton University, School of Public and International Affairs, Princeton, United States, (4)University of California Berkeley, Energy and Resources Group, Berkeley, United States, (5)Environmental Protection Agency, Washington, DC, United States, (6)New York University, NYU Grossman School of Medicine, New York, United States, (7)University of California Davis, Department of Environmental Science & Policy, Davis, United States, (8)Princeton University, Department of Economics, Princeton, United States, (9)Independent, Fairfax, United States, (10)University of Washington, Department of Statistics and Sociology, Seattle, United States, (11)University of Washington, Center for Statistics and the Social Sciences, Seattle, United States, (12)Rochester Institute of Technology, School of Mathematical Sciences, Rochester, United States, (13)Harvard University, Department of Economics, Cambridge, United States, (14)University of California Berkeley, Berkeley, CA, United States
 
Estimating Global Impacts to Agriculture from Climate Change Accounting for Adaptation (1195802)
Andrew Hultgren, University of Illinois at Urbana Champaign, Agricultural and Resource Economics, Urbana, United States, Tamma Carleton, University of California Santa Barbara, Bren School of Environmental Science & Management, Santa Barbara, United States, Diana R Gergel, University of Washington Seattle Campus, Seattle, WA, United States, Michael Greenstone, University of Chicago, Chicago, IL, United States, Trevor Houser, Rhodium Group, Oakland, CA, United States, Solomon M Hsiang, University of California, Berkeley, Goldman School of Public Policy, Berkeley, United States, Amir Jina, University of Chicago, Harris School of Public Policy, Chicago, United States, Robert E Kopp, Rutgers University New Brunswick, Institute of Earth, Ocean, and Atmospheric Sciences, New Brunswick, NJ, United States, Steven B Malevich, Rhodium Group, New York, United States, Kelly E McCusker, Rhodium Group, Seattle, WA, United States, Ishan Nath, University of Chicago, Economics, Chicago, United States, James Rising, London School of Economics, Geography and Environment, London, United Kingdom, Ashwin Rode, University of Chicago, Economics, Chicago, IL, United States and Jiacan Yuan, Peking University, Beijing, China
 
Moist heat and mortality: Accounting for moist heat substantially increases estimates of life-years lost due to climate change (1198522)
Andrew I Wilson, Daniel R Bressler and Jeffrey Shrader, Columbia University, New York, United States