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.
'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
Richard S.J. Tol
, University of Sussex, UK and Vrije Universiteit Amsterdam, the Netherlands.