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Start date: 2020 × DDC: 333.7 × Version: publishedVersion × Publisher: Amsterdam [u.a.] : Elsevier × Subject: Climate change ×

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Now showing 1 - 3 of 3
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    The social cost of carbon and inequality: When local redistribution shapes global carbon prices
    (Amsterdam [u.a.] : Elsevier, 2021) Kornek, Ulrike; Klenert, David; Edenhofer, Ottmar; Fleurbaey, Marc
    The social cost of carbon is a central metric for optimal carbon prices. Previous literature shows that inequality significantly influences the social cost of carbon, but mostly omits heterogeneity below the national level. We present an optimal taxation model of the social cost of carbon that accounts for inequality between and within countries. We find that climate and distributional policy can generally not be separated. If only one country does not compensate low-income households for disproportionate damages, the social cost of carbon tends to increase globally. Optimal carbon prices remain roughly unchanged if national redistribution leaves inequality between households unaffected by climate change and if the utility of households is approximately logarithmic in consumption.
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    The impact of climate conditions on economic production. Evidence from a global panel of regions
    (Amsterdam [u.a.] : Elsevier, 2020) Kalkuhl, Matthias; Wenz, Leonie
    We present a novel data set of subnational economic output, Gross Regional Product (GRP), for more than 1500 regions in 77 countries that allows us to empirically estimate historic climate impacts at different time scales. Employing annual panel models, long-difference regressions and cross-sectional regressions, we identify effects on productivity levels and productivity growth. We do not find evidence for permanent growth rate impacts but we find robust evidence that temperature affects productivity levels considerably. An increase in global mean surface temperature by about 3.5°C until the end of the century would reduce global output by 7–14% in 2100, with even higher damages in tropical and poor regions. Updating the DICE damage function with our estimates suggests that the social cost of carbon from temperature-induced productivity losses is on the order of 73–142$/tCO2 in 2020, rising to 92–181$/tCO2 in 2030. These numbers exclude non-market damages and damages from extreme weather events or sea-level rise. © 2020 The Authors
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    Improving the evidence base: A methodological review of the quantitative climate migration literature
    (Amsterdam [u.a.] : Elsevier, 2021) Hoffmann, Roman; Šedová, Barbora; Vinke, Kira
    The question whether and how climatic factors influence human migration has gained both academic and public interest in the past years. Based on two meta-analyses, this paper systematically reviews the quantitative empirical literature on climate-related migration from a methodological perspective. In total, information from 127 original micro- and macro-level studies is analyzed to assess how different concepts, research designs, and analytical methods shape our understanding of climate migration. We provide an overview of common methodological approaches and present evidence on their potential implications for the estimation of climatic impacts. We identify five key challenges, which relate to the i) measurement of migration and ii) climatic events, iii) the integration and aggregation of data, iv) the identification of causal relationships, and v) the exploration of contextual influences and mechanisms. Advances in research and modelling are discussed together with best practice cases to provide guidance to researchers studying the climate-migration nexus. We recommend for future empirical studies to employ approaches that are of relevance for and reflect local contexts, ensuring high levels of comparability and transparency.