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