TY  - JOUR
AU  - Heal,Geoffrey
TI  - Climate Economics: A Meta-Review and Some Suggestions
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 13927
PY  - 2008
Y2  - April 2008
UR  - http://www.nber.org/papers/w13927
L1  - http://www.nber.org/papers/w13927.pdf
N1  - Author contact info:
Geoffrey Heal
Graduate School of Business
616 Uris Hall
Columbia University
New York, NY 10027-6902
Tel: 212/854-6459
Fax: 212/316-9219
E-Mail: gmh1@columbia.edu
AB  - What have we learned from the outpouring of literature as a result of the Stern Review of the Economics of Climate Change? A lot. We have explored the model space and the parameter space much more thoroughly, though there are still unexplored regions. While there are aspects of the Stern Review's analysis with which we can disagree, it seems fair to say that it has catalyzed a fundamental rethinking of the economic case for action on climate change. We are now in a position to give some conditions that are sufficient to provide a case for strong action on climate change, but need more work before we have a fully satisfactory account of the relevant economics. In particular we need to understand better how climate change affects natural capital - the natural environment and the ecosystems comprising it - and how these affect human welfare. 
ER  -