Valentina Bosetti

Bocconi University
Fondazione Eni Enrico Mattei

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org

NBER Working Papers and Publications

March 2018Should they stay or should they go? Climate Migrants and Local Conflicts
with Cristina Cattaneo, Giovanni Peri: w24447
There is extensive evidence that higher temperature increases the probability of local conflict. There is also some evidence that emigration represents an important margin of adaptation to climatic change. In this paper we analyse whether migration influences the link between warming and conflicts by either attenuating the effects in countries of origin and/or by spreading them to countries of destination. We find that in countries where emigration propensity, as measured by past diaspora, was higher, increases in temperature had a smaller effects on conflict probability, consistent with emigration functioning as "escape valve" for local tensions. We find no evidence that climate-induced migration increased the probability of conflict in receiving countries.
October 2015Modeling Uncertainty in Climate Change: A Multi-Model Comparison
with Kenneth Gillingham, William D. Nordhaus, David Anthoff, Geoffrey Blanford, Peter Christensen, Haewon McJeon, John Reilly, Paul Sztorc: w21637
The economics of climate change involves a vast array of uncertainties, complicating both the analysis and development of climate policy. This study presents the results of the first comprehensive study of uncertainty in climate change using multiple integrated assessment models. The study looks at model and parametric uncertainties for population, total factor productivity, and climate sensitivity. It estimates the pdfs of key output variables, including CO2 concentrations, temperature, damages, and the social cost of carbon (SCC). One key finding is that parametric uncertainty is more important than uncertainty in model structure. Our resulting pdfs also provide insights on tail events.
December 2011Sustainable Cooperation in Global Climate Policy: Specific Formulas and Emission Targets to Build on Copenhagen and Cancun
with Jeffrey A. Frankel: w17669
We explore a framework that could be used to assign quantitative allocations of emissions of greenhouse gases (GHGs), across countries, one budget period at a time. Under the two-part plan: (i) China, India, and other developing countries accept targets at Business as Usual (BAU) in the coming budget period, the same period in which the US first agrees to cuts below BAU; and (ii) all countries are asked in the future to make further cuts in accordance with a common numerical formula to all. The formula is expressed as the sum of a Progressive Reductions Factor, a Latecomer Catch-up Factor, and a Gradual Equalization Factor. This paper builds on our previous work in many ways. First we update targets to reflect pledges made by governments after the Copenhagen Accord of December 2010 and c...
November 2009Global Climate Policy Architecture and Political Feasibility: Specific Formulas and Emission Targets to Attain 460 ppm CO2 Concentrations
with Jeffrey A. Frankel: w15516
Many analysts have identified three important gaps in the Kyoto Protocol: the absence of emission targets extending far into the future, the absence of participation by the United States, China, and other developing countries, and the absence of reason to think that members will abide by commitments. It appears that political constraints on the country-by-country distribution of economic costs are a key stumbling block to filling these gaps. This paper investigates formulas that assign quantitative allocations of emissions, across countries, one budget period at a time, to see if it is possible to satisfy the constraints. The two-part plan: (i) China and other developing countries accept targets at BAU in the coming budget period, the same period in which the US first agrees to cuts bel...

Published: “Politically Feasible Emission Target Formulas to Attai n 460 ppm CO2 Concentrations,” with Valentina Bosetti; Review of Environmental Economics and Policy , vol.6, no.1, winter 201 2: 86 - 109 . CID WP 224 , Oct. 2 011; HKS RWP 11 - 016. Revised from “ Global Climate Policy Architecture and Political Feasibility: Specific Formulas and Emission Targets to Attain 460PPM CO2 Concentrations ," NBER WP 15516.

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