Climate Economics


Climate Economics

Economic Analysis of Climate, Climate Change and Climate Policy, Second Edition

2nd edition

9781786435071 Edward Elgar Publishing
Richard S.J. Tol, University of Sussex, UK and Vrije Universiteit Amsterdam, the Netherlands
Publication Date: 2019 ISBN: 978 1 78643 507 1 Extent: 256 pp
This unique and erudite second edition can be used at three different levels – advanced undergraduate, post-graduate and doctoral. It comprehensively covers the critical issues on the economics of climate change and climate policy features and clearly identifies the specific sections each level of reader should explore. Topics include the costs and benefits of adaptation and mitigation, discounting, uncertainty, policy instruments, and international agreements. Lectures can be combined with exercises, guided reading, or the building and application of an integrated assessment model. The book is accompanied by a website with background material, data, opinion pieces and videos. Although primarily intended for use in the classroom, anyone with an interest in climate policy can use this text as a reference.

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Critical Acclaim
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This unique textbook offers comprehensive coverage of the economics of climate change and climate policy, and is a suitable guide for advanced undergraduate, post-graduate, and doctoral students. Topics discussed include the costs and benefits of adaptation and mitigation, discounting, uncertainty, policy instruments, and international agreements.

Key features of the second edition:

• In-depth treatment of the economics of climate change

• careful explanations of concepts and their application to climate policy

• customizable integrated assessment model that illustrates all issues discussed

• specific usage guidelines for each level of reader

• companion website featuring data, extra reading, quizzes, videos, and more to support seminar sessions and further exploration of the topic

• discussion of the latest developments in theory and policy

• a stronger empirical basis than the first edition.

This book is an essential text for advanced undergraduate and masters students in economics, climate change, and environmental policy, and an excellent resource for researchers and practitioners looking for a key text to support them across all of their teaching.
Critical Acclaim
‘This is the most comprehensive review on the economics of climate change. It would be highly valuable for teaching and research. I would be pleased to use the book in my own work and recommend it to those who seek a thoughtful treatment of many dimensions of climate change.’
– Xinye Zheng, Renmin University of China

‘Richard Tol is a leading authority on the economics of climate change; his comprehensive treatment of the subject is an overdue and welcome addition to a surprisingly sparse literature.’
– Charles D. Kolstad, Stanford University, US
Contents: Preface Introduction 1. The science of climate change 2. Emissions scenarios and options for emission reduction 3. Abatement costs 4. Policy instruments for emission reduction 5. Impacts and valuation 6. Impacts of climate change 7. Climate and development 8. Adaptation policy 9. Optimal climate policy 10. Discounting 11. Uncertainty 12. Equity 13. International environmental agreements 14. Building an integrated assessment model 15. How to solve the climate problem? Index
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