A Review of the Stern Review on the Economics of Climate Change

By William Nordhaus. 2007

1,149 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/0d52258fdf1b6d55e5022297eb11b195f44514cc

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Citations in the corpus

Declining discount rates: Economic justifications and implications for long-run policy (2008, neutral): “The discounting approach used in the Review and the chosen values for the structural parameters has been the subject of much controversy and criticism (see, for example, Dasgupta, 2006; Nordhaus, 2007).”
Discounting climate change (2008, background): “assumptions about the curvature of the utility function (Dasgupta 2007; Weitzman 2007 ); these authors”
Human rights, climate change, and discounting (2008, background): “Furthermore, Nordhaus makes much of the claim that there are different moral theories and these may disagree with Stern’s view about the discount rate (Nordhaus 2007, pp. 692–693).”
Fat tails, exponents, extreme uncertainty: Simulating catastrophe in DICE (2010, background): “Martin Weitzman (2007, 2009) has argued that the economic analysis of climate change is dominated by the problem of intrinsically limited information about potentially unbounded risks.”
Climate-change policy: why has so little been achieved? (2008, background): “Second, the ‘fat tailers’ argue that the real source of the claim that we should act now comes not from the discount rate, but rather from the possibility that the probability distribution of outcomes has a nasty sting in it—the ‘fat tail’, the low probability of a rapid and damaging climate change.”
Climate Economics: A Meta-Review and Some Suggestions for Future Research (2008, background): “Nordhaus (2007), on the other hand, argues for a far more circumspect approach, with a gradual ramp up from small beginnings over several decades.”
Carbon Lorenz curves (2010, neutral): “According to the Stern Review (2006), a highly influential but not uncontroversial report (see e.g. Nordhaus, 2007, criticizing the low rate of time preference chosen by Stern) on the economics of climate change, in a BAU scenario, the total cost of climate change is ‘‘the equivalent of around a…”
On Modeling and Interpreting the Economics of Catastrophic Climate Change (2009, background): “Alternative views of intergenerational discounting are provided in, for example, Dasgupta (2007), Nordhaus (2007), and Weitzman (2007b).”
Coastal and marine ecosystem services valuation for policy and management: Managed realignment case studies in England (2011, background): “(2004); another more recent estimate for the social cost of carbon (SCC) is thefigure proposedby the SternReview (2007): $85/tCO2, which is equal to $350/tC in 2005 prices (Stern, 2007; Nordhaus, 2007), which is around £230/tC in 2007.”
The Social Cost of Co2 from the Page09 Model (2011, neutral): “The PTP values cover the range from the Stern review assumptions at the low end to the empirical estimates in Nordhaus (2007) at the high end.”
Carbon Taxes, Path Dependency, and Directed Technical Change: Evidence from the Auto Industry (2012, neutral): “In particular, see Stern ð2006Þ, Nordhaus ð2007Þ, Weitzman ð2007, 2009Þ, Dasgupta ð2008Þ, Mendelsohn et al. ð2008Þ, von Below and Persson ð2008Þ, and Yohe, Tol, and Anthoff ð2009Þ.”