Environmental Economics

Improving the Assessment and Valuation of Climate Change Impacts for Policy and Regulatory Analysis: Modeling Climate Change Impacts and Associated Economic Damages

EPA's National Center for Environmental Economics (NCER) and Climate Change Division (CCD), together with DOE’s Office of Policy and International Affairs sponsored a two-day workshop on Modeling Climate Change Impacts and Associated Economic Damages. This was the first in an EPA/DOE workshop series, "Improving the Assessment and Valuation of Climate Change Impacts for Policy and Regulatory Analysis."

The impetus for this workshop series was the 2009-2010 inter-agency 'social cost of carbon' workgroup that used the DICE, FUND, and PAGE integrated assessment models to estimate time paths of the social cost of carbon for use in future U.S. government regulatory analyses. A summary of the workgroup's findings (PDF, 854K, About PDF) is available. The U.S. government’s intention is to revise these estimates, taking into account new research findings that were not included in the first round. To help motivate and inform this process, EPA and DOE are hosting a series of workshops. The November 18-19, 2010, workshop focused on conceptual and methodological issues related to integrated assessment modeling and valuing climate change impacts, along with methods of incorporating these estimates into policy analysis. The second workshop (January 27-28, 2011) will review research on estimating impacts and valuing damages on a sectoral basis.

If you have any questions, please contact Elizabeth Kopits (Kopits.elizabeth@epa.gov) or Charles Griffiths (Griffiths.charles@epa.gov).

  • Keywords

    Subject:
    1. Benefits Analysis
    5. Distribution and Equity
    1. Benefits Analysis - Valuation
    1. Benefits Analysis - Valuation - Cost of Damages Avoided
    1. Benefits Analysis - Valuation - Cost of Damages Avoided - Mortality
    1. Benefits Analysis - Risk Communication and Other
    1. Benefits Analysis - Valuation - Other
    1. Benefits Analysis - Valuation - Cost of Damages Avoided - Morbidity
    1. Benefits Analysis - Valuation - Cost of Damages Avoided - Other
    Environmental Media:
    a. Air
    a. Air - Mobile Source
    a. Air - Stationary Source
    Authors:
    Anthoff, David
    Calvin, Kate
    Clarke, Leon
    Cooke, Roger M.
    Edmonds, Jae
    Fisher-Vanden, Karen
    Greenstone, Michael
    Griffiths, Charles
    Hanemann, Michael
    Heal, Geoffrey
    Hope, Chris
    Keohane, Nat
    Kousky, Carolyn
    Kopp, Ray
    Kopits, Elizabeth
    Krishnan, Nisha
    Lanzi, Elisa
    Lenton, Tim
    Marten, Alex
    Moore, Chris
    Newbold, Steve
    O’Neill, Brian
    Popp, David
    Reilly, John
    Roe, Gerard
    Sue Wing, Ian
    Toman, Mike
    Webster, Mort
    Weitzman, Marty
    Wolverton, Ann
    EPA Project Officer/ Manager:
    Elizabeth Kopits
    Geographic Area:
    Global
    Study Purpose:
    Methodology Development & Evaluation
    Report Series:
    Environmental Policy and Economics Workshop
    Inventory Record #: EE-0564
    List of all reports in the Series:
  • Participating Organizations

    Research Organization:

    Environmental Protection Agency, Office of Policy, National Center for Environmental Economics
    Environmental Protection Agency, Office of Air and Radiation, Climate Change Division
    Department of Energy, Office of Policy and International Affairs
    Address:
    City: State: ZIP:
    Phone: Fax:
    E-mail:
    Funding Organization:
    Environmental Protection Agency, Office of Policy, National Center for Environmental Economics
    Environmental Protection Agency, Office of Air and Radiation, Climate Change Division
    Department of Energy, Office of Policy and International Affairs
    Address:
    City: State: ZIP:
    Phone: Fax:
    E-mail:
  • Report Details
    Type:
    Final
    Date:
    12/21/2010
    Number of Pages:
    0
    Comment:
  • How to Obtain Report

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    Executive Summary (863kb)

    Summary Report (1.4M)

    Appendix (1.9M)

    Workshop Agenda (149.1K)

    Introduction

    • Progress Toward a Social Cost of Carbon (Michael Greenstone, MIT)
      (abstract (40.4K), presentation (2052.1K))

    Session 1: Overview of Existing Integrated Assessment Models

    • Overview of Integrated Assessment Models (Jae Edmonds, PNNL)
      (presentation (932.4K))

    • Models Used for the Development of Current USG SCC Values
    • DICE (Steve Newbold, EPA)
      (abstract (95.7K), presentation (347.6K))
    • PAGE (Christopher Hope, University of Cambridge)
      (abstract (129.5K), presentation (440.8K))
    • FUND (David Anthoff, University of California, Berkeley)
      (abstract (355.8K), presentation (555.5K))

    • Representation of Climate Impacts in other Integrated Assessment Models
    • GCAM and Development of iESM (Leon Clarke, PNNL)
      (presentation (1379.3K))
    • IGSM (John Reilly, MIT)
      (abstract (251.9K), presentation (821.2K))

    Session 2: Near-Term DOE and EPA Efforts

    • Proposed Impacts Knowledge Platform (Bob Kopp, DOE, and Nisha Krishnan, RFF)
      (presentation (837.6K))
    • Proposed Generalized Modeling Framework (Alex Marten, EPA)
      (presentation (280.6K))

    Session 3: Critical Modeling Issues in Assessment and Valuation of Climate Change Impacts

    • Sectoral and Regional Disaggregation and Interactions (Ian Sue Wing, Boston University)
      (abstract (222.2K), presentation (412.2K))
    • Adaptation and Technological Change (Karen Fisher-Vanden, Pennsylvania State University, and Ian Sue Wing, Boston University)
      (abstract (204.3K), presentation (911.9K))
    • Multi-century Scenario Development and Socio-Economic Uncertainty (Brian O’Neill, National Center for Atmospheric Research)
      (abstract (113K), presentation (948.2K))
    • Incorporation of Climate System Uncertainty into IAMs (Gerard Roe, University of Washington)
      (abstract (1966.6K), presentation (3815.4K))
    • Extrapolation of Damage Estimates to High Temperatures: Damage Function Shapes (Marty Weitzman, Harvard University)
      (abstract (73.2K))
    • Earth System Tipping Points (Tim Lenton, University of East Anglia)
      (abstract (723.5K), presentation (2765.8K))
    • Potential Economic Catastrophes (Michael Toman, World Bank)
      (abstract (244.2K), presentation (437.2K))
    • Nonmarket Impacts (Michael Hanemann, University of California, Berkeley)
      (presentation (286.7K))

    Session 4: Implications for Climate Policy Analysis and Design

    • Implications for Design and Benefit-Cost Analysis of Emission Reduction Policies (Ray Kopp, Resources for the Future)
      (presentation (323K))
    • Implications for Addressing Equity and Natural Capital Impacts (Geoff Heal, Columbia University)
      (abstract (339.5K), presentation (381.4K))
    • Implications for Choice of Policy Targets for Cost-Effectiveness Analysis (Nat Keohane, Environmental Defense Fund)
      (presentation (280.1K))
    • Implications for Managing Climate Risks (Roger Cooke, Resources for the Future)
      (abstract (141.8K), presentation (1216K))

    Date Linked: 12/22/2010