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Viewing all publications in Issue Briefs
  • Gauging Economic Consensus on Climate Change – Issue Brief Cover

    Gauging Economic Consensus on Climate Change – Issue Brief

    We conducted a large-sample global survey on climate economics, which we sent to all economists who have published climate-related research in the field’s highest-ranked academic journals; 738 responded. To our knowledge, this is the largest-ever expert survey on the economics of climate change. The results show an overwhelming consensus that the costs of inaction on climate change are higher than the costs of action, and that immediate, aggressive emissions reductions are economically desirable.

    This Issue Brief highlights key takeaways from the survey. A more detailed report is available here.

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  • Corporate Climate Risk: Assessment, Disclosure, and Action Cover

    Corporate Climate Risk: Assessment, Disclosure, and Action

    Conference Brief

    On October 2, 2020, the Institute for Policy Integrity and the Volatility and Risk Institute at NYU Stern School of Business convened a conference bringing together investors, companies, researchers, and regulators to discuss climate-related financial risks and identify opportunities to better assess, report, and act on them. This brief summarizes some of the major points of discussion from the conference, which featured different perspectives on various policy, economic, and legal issues. 

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  • Carbon Pricing in Wholesale Energy Markets Cover

    Carbon Pricing in Wholesale Energy Markets

    Conference Brief

    Policy Integrity and the Nicholas Institute for Environmental Policy Solutions at Duke University convened a conference on March 3, 2020, to discuss current, and potential future, approaches to carbon pricing in wholesale markets. This brief highlights some of the major points of discussion and suggests open questions for future study. 

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  • Understanding EPA's Enforcement and Compliance Policy During the COVID-19 Pandemic Cover

    Understanding EPA’s Enforcement and Compliance Policy During the COVID-19 Pandemic

    This issue brief summarizes EPA's enforcement and compliance policy in light of COVID-19, describing its significance and clarifying its contours. The policy opens the door to potentially problematic and harmful actions, especially on a short-term basis. 

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  • A Lower Bound Cover

    A Lower Bound

    Why the Social Cost of Carbon Does Not Capture Critical Climate Damages and What That Means for Policymakers

    The Social Cost of Carbon, developed by the Obama-era Interagency Working Group (IWG), is the best available tool for measuring the economic damages from greenhouse gas emissions. It has been used in analysis for over 100 federal regulations that affect greenhouse gas emissions, as well as by a number of states in electricity and climate policy. Still, many significant impacts identified by the Intergovernmental Panel on Climate Change are difficult to quantify and so have been omitted from the IWG SCC estimates. Impacts such as increased fire risk, slower economic growth, and large-scale migration are all unaccounted for, despite their potential to cause large economic losses. Our new issue brief discusses these omissions and other variables that will influence climate outcomes. We encourage policymakers to account for this likely underestimate by viewing the SCC as a lower bound for damages.

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