For those who both believe in the reality of climate change and dream of a day when Congress might get past gridlock and address the issue, the critical question is how to price carbon emissions to ...

The next time you encounter a climate projection — in a news article, in a risk assessment, in an economic outlook — take a moment to acknowledge the under-appreciated integrated assessment model.

Underlying discussion and debate of climate policies are computer models that bring together idealized representations of policies, economics and climate to estimate the impacts of future climate ...

Global climate mitigation scenarios are essential for designing effective strategies to counter climate change. Integrated assessment models (IAMs), which project these scenarios, commonly use the ...

The “social cost of carbon” (SCC) is a metric used by the Environmental Protection Agency (EPA) to quantify the economic impact associated with carbon emissions.[1] The EPA uses three statistical ...

"The social cost of carbon is the most important number that you've never heard of," according to University of Chicago economist Michael Greenstone. Greenstone led the interagency working group that ...

Studying trade-offs in the long-term development of water-energy-food systems requires a new family of hydroeconomic optimization models. This article reviews the central considerations behind these ...

The social cost of carbon is a climate economics construct used to quantify the damages associated with carbon dioxide emissions. The Biden administration wants to use the social cost of carbon in ...