Environmental Economics

Improving the Assessment and Valuation of Climate Change Impacts for Policy and Regulatory Analysis: Research on 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 second 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 (854K) 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) reviewed 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
    Carney, Karen
    Cline, William
    Cooley, Sarah
    Cropper, Maureen
    Finnoff, David
    Ebi, Kristie
    Gleditsch, Nils Petter
    Gruenspecht, Howard
    Hurd, Brian
    Janetos, Anthony
    Knutson, Tom
    Krupnick, Alan
    McElhany, Paul
    McLeman, Robert
    Mendelsohn, Robert
    Nicholls, Robert
    Oppenheimer, Michael
    Rosenzweig, Cynthia
    Sathaye, Jayant
    Schlenker, Wolfram
    Sohngen, Brent
    Strzepek, Ken
    Tol, Richard
    Yohe, Gary
    Whitehead, John
    EPA Project Officer/ Manager:
    Elizabeth Kopits
    Geographic Area:
    Global
    Study Purpose:
    Methodology Development & Evaluation
    Report Series:
    Environmental Policy and Economics Workshop
    Inventory Record #: EE-0566
    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 (1.2MB)

    Workshop Agenda (126.7K)

    Introduction

    • Opening Remarks – Progress in estimating climate change impacts (Michael Oppenheimer, Princeton University)
      abstract (443.7K), presentation (601.6K)
    • Opening Remarks – Progress in valuing climate damages (William Cline, Peterson Institute for International Economics)
      abstract (183.5K)

    Sessions covering research on various impact categories:

    Storms and Other Extreme Weather Events

    • Impact of Climate Change on Storms and Other Extreme Weather Events (Tom Knutson, National Oceanic and Atmospheric Administration)
      abstract (37.3K), presentation (3568.6K)
    • Global Damages from Storms and Other Extreme Weather Events (Robert Mendelsohn, Yale University)
      abstract (398.5K), presentation (1137.1K)

    Water Resources

    • Hydrological/Water Resource Impacts of Climate Change (Ken Strzepek, University of Colorado, Boulder, and Massachusetts Institute of Technology)
      presentation (3326K)
    • Estimating the Economic Impact of Changes in Water Availability (Brian Hurd, New Mexico State University)
      abstract (475.5K), presentation (1750.5K)

    Agriculture

    • Biophysical Responses of Agro-ecosystems to Climate Change (Cynthia Rosenzweig, NASA Goddard Institute for Space Studies)
      presentation (2825.6K)
    • Estimating the Economic Impact of Climate Change in the Agricultural Sector (Wolfram Schlenker, Columbia University)
      abstract (112.9K), presentation (1611.8K)

    Human Health

    • Climate-Associated Changes in Health Conditions/Diseases and Air Pollution (Kristie Ebi, Carnegie Institution for Science)
      abstract (551.1K), presentation (763K)
    • Estimating the Economic Value of Health Impacts of Climate Change (Maureen Cropper, Resources for the Future and University of Maryland, College Park)
      abstract (65.9K), presentation (190K)

    Sea Level Rise

    • Sea Level Impacts of Climate Change (Robert Nicholls, University of Southampton)
      abstract (100.6K), presentation (1583.1K)
    • Estimating the Economic Impact of Sea Level Rise (Richard Tol, Economic and Social Research Institute)
      abstract (110.6K), presentation (619.9K)

    Marine Ecosystems and Resources

    • Modeling Climate and Ocean Acidification Impacts on Ocean Biogeochemistry (Sarah Cooley, Woods Hole Oceanographic Institute)
      abstract (93.6K), presentation (1771K)
    • Modeling Climate and Acidification Impacts on Fisheries and Aquaculture (Paul McElhany, National Oceanic and Atmospheric Administration)
      presentation (1855.7K)
    • Economic Impact of Climate Change and Ocean Acidification on Fisheries (David Finnoff, University of Wyoming)
      abstract (274K), presentation (649K)
    • Non-market Valuation of Climate and Acidification Impacts on Marine Resources (John Whitehead, Appalachian State University)
      abstract (338.6K), presentation (490.4K)

    Terrestrial Ecosystems and Forestry

    • Biological Responses of Terrestrial Ecosystems to Climate Change (Karen Carney, Stratus Consulting)
      abstract (32K), presentation (1013K)
    • Estimating the Economic Impact of Climate Change on Forestry (Brent Sohngen, Ohio State University)
      abstract (73.7K), presentation (1285.2K)
    • Valuing Climate-associated Changes in Terrestrial Ecosystems and Ecosystem Services (Alan Krupnick, Resources for the Future)
      abstract (189K), presentation (848.9K)

    Energy Production and Consumption

    • U.S. Energy Production and Consumption Impacts of Climate Change (Howard Gruenspecht, U.S. Energy Information Administration)
      abstract (130K), presentation (175K)
    • Impacts of Climate Change on Global Energy Production and Consumption (Jayant Sathaye, Lawrence Berkeley National Laboratory)
      abstract (219K), presentation (1673.6K)

    Socio-economic and Geopolitical Impacts

    • Regional Conflict and Climate Change (Nils Petter Gleditsch, Peace Research Institute Oslo)
      abstract (323.2K), presentation (586K)
    • Migration Impacts of Climate Change (Robert McLeman, University of Ottawa)
      abstract (196.8K), presentation (3197.8K)

    Panel Discussion: Incorporating Research on Climate Change Impacts into Integrated Assessment Modeling
    Panelists:

    • David Anthoff, University of California, Berkeley
    • Anthony Janetos, Joint Global Change Research Institute, Pacific Northwest National Laboratory (presentation (653.1K))
    • Robert Mendelsohn, Yale University
    • Cynthia Rosenzweig, NASA Goddard Institute for Space Studies
    • Gary Yohe, Wesleyan University (abstract (2714.6K), presentation (574.1K))

    Date Linked: 02/17/2011