Yale Climate Connections: "Drastic Climate Action Is the Best Course for Economic Growth, New Study Finds"
RFF Fellow Brian Prest comments on a new study that finds the economic benefits of climate action outweigh the costs.
Climate economist Brian Prest with Resources for the Future, not involved in the study, noted that prior papers have similarly concluded that the Paris targets are economically justified, and a 2% discount rate is supported by other studies. But he pointed to an ongoing debate in the climate economics literature regarding whether climate damages will slow economic growth. If they don’t, that would not justify quite such rapid climate pollution cuts as in the working paper’s optimal pathway.
Working Paper — Nov 20, 2023
Daily Temperature and Sales of Energy-using Durables
This working paper from the European Institute on Economics and the Environment examines whether temperature and other weather variables affect sales of dryers and air conditioning units.
Report — Nov 16, 2023
Tracking and Evaluation of Research, Development, and Demonstration Programs at the US Department of Energy
This report builds on a May 2023 RFF workshop that sourced experiences with and proposed best practices for developing the US Department of Energy's research, development, and demonstration (RD&D) capacity.
Journal Article — Oct 19, 2023
Modeling Ecological Constraints on a CO2 Pipeline Network
This journal article expands the open-source carbon capture, utilization, and storage model SimCCS to account for the environmental and social impacts of carbon dioxide pipeline siting.
Common Resources — Oct 16, 2023
Achieving the Paris Agreement Temperature Targets Would Yield Major Global Economic Benefits
New modeling from Resources for the Future shows that accelerating cuts to greenhouse gas emissions in the near future will produce major economic benefits and other long-term positive outcomes.