Climate Economics

Focusing on the intersection of climate economics and scientific research, the book examines the estimation of climate damages, highlighting the lag of economic models behind empirical findings. It addresses recent insights into uncertainty and catastrophic risk, proposing new decision-making frameworks for extreme scenarios. Additionally, it re-evaluates longstanding debates on discount rates and intergenerational responsibilities through the lenses of finance and ethics. The discussion also delves into the nuanced assumptions surrounding mitigation costs and the often-overlooked economics of adaptation.