Energy and Resources Group Fall 2014 Colloquium Series (ER295)
Economic analysis of climate change policy: What determines the social cost of carbon?
Energy and Resources Group
The Social Cost of Carbon (SCC) has emerged as one of the key metrics in the climate policy debate. I will introduce the concept, survey its use in policy design and identify the main determinates of different quantitative estimates of the SCC. While the SCC is now firmly embedded in the regulatory process, a large number of theoretical and empirical issues related to the estimation and use of the SCC remain unresolved. Of these I will discuss a few in detail: first, how can questions of distributional equity be integrated in SCC estimates? Second, what are current approaches to account for uncertainty in estimates of the SCC? And finally, how can we improve the process that is used to integrated new scientific insights into the numerical models that estimate the SCC?
David Anthoff is an environmental economist who studies climate change and environmental policy. He co-develops the integrated assessment model FUND that is used widely in academic research and in policy analysis. His research has appeared in the Journal of Environmental Economics and Management, Environmental and Resource Economics, the Oxford Review of Economic Policy and other academic journals. He contributed a background research paper to the Stern Review and has advised numerous organizations (including US EPA and the Canadian National Round Table on the Environment and the Economy) on the economics of climate change.
He is an assistant professor in the Energy and Resources Group at the University of California, Berkeley. Previously he was an assistant professor in the School of Natural Resources and Environment at the University of Michigan, a postdoc at the University of California, Berkeley and a postdoc at the Economic and Social Research Institute in Ireland. He also was a visiting research fellow at the Smith School of Enterprise and the Environment, University of Oxford.
He holds a PhD (Dr. rer. pol.) in economics from the University of Hamburg (Germany) and the International Max Planck Research School on Earth System Modelling, a MSc in Environmental Change and Management from the University of Oxford (UK) and a M.Phil. in philosophy, logic and theory of science from Ludwig-Maximilians-Universität München (Germany).