Accounting for Ecosystem Service Values in Climate Policy
In a comment for Nature Climate Change, RFF Fellow Hannah Druckenmiller reflects on the need to incorporate the ecosystem impacts of climate change into the social cost of carbon.
Ecosystem services are often omitted from climate policy owing to difficulties in estimating the economic value of climate-driven ecosystem changes. However, recent advances in data and methods can help us overcome these challenges and move towards a more comprehensive accounting of climate impacts.
For the open-access article, click on the link above.
Resources Radio — Jan 23, 2024
The History of Environmental Economics, with Spencer Banzhaf
Spencer Banzhaf discusses the history of the field of environmental economics.
Media Highlight — Jan 12, 2024
New York Times: “The Price of Carbon Emissions Plunged in 2022, and That‘s Not Good”
A column about new data on carbon prices references important RFF research on the social cost of carbon and quotes former board member Robert Litterman.
Media Highlight — Jan 11, 2024
POLITICO/E&E News: “4 Things to Know about EPA‘s New Climate Damage Metric”
An article in E&E News and POLITICO‘s Power Switch newsletter quote RFF Fellow Brian Prest.