In the NewsCenter for American ProgressDecember 23, 2020

Rethinking the Intersection of Climate Policy and the Federal Budget

Immediate investments to combat climate change should be an important component of efforts to rebuild the economy. But more broadly, there is also a strong argument to be made that climate action is justified not only on ecological and social welfare grounds, but from a long-term fiscal perspective as well. A new report from Center for American Progress cites research from Climate Impact Lab scholars.
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Valuing the Global Mortality Consequences of Climate Change Accounting for Adaptation Costs and Benefits

Tamma Carleton, Amir Jina, Michael Delgado, Michael Greenstone, Trevor Houser, Solomon Hsiang, Andrew Hultgren, Robert E Kopp, Kelly E McCusker, Ishan Nath, James Rising, Ashwin Rode, Hee Kwon Seo, Arvid Viaene, Jiacan Yuan, Alice Tianbo Zhang, Valuing the Global Mortality Consequences of Climate Change Accounting for Adaptation Costs and Benefits, The Quarterly Journal of Economics, Volume 137, Issue 4, November 2022, Pages 2037–2105, https://doi.org/10.1093/qje/qjac020

This paper estimates that the release of an additional ton of carbon dioxide today will cause mean damages to global mortality risk valued at $36.6 under a high emissions scenario and $17.1 under a moderate scenario, using a 2% discount rate that is justified by US Treasury rates over the last two decades. It is a core input to the Climate Impact Lab's Data-driven Spatial Climate Impact Model (DSCIM).

Published November 1, 2022

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Featured Insights
Climate Convexity: The Inequality of a Warming World

If carbon emissions and associated damages are left unaddressed, the climate crisis will not only become more costly to global health and the global economy, but also will exacerbate inequality within the US and around the world.

December 10, 2020
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American Climate Prospectus: Economic Risks in the United States

Solomon Hsiang, Robert Kopp, Amir Jina, Michael Delgado, James Rising, Shashank Mohan, Robert Muir-Wood, D. J. Rasmussen, Michael Mastrandrea, Paul Wilson, Kate Larsen and Trevor Houser (2014). American Climate Prospectus: Economic Risks in the United States.

The American Climate Prospectus (ACP) provides a groundbreaking new analysis of climate risks by region of the country and sector of the economy. By linking state-of-the-art climate models with econometric research of human responses to climate variability and cutting edge private sector risk assessment tools, the ACP offers decision-makers a data driven assessment of the specific risks they face.

Published October 20, 2014

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