The Global Economic Impact of Climate Change: An Empirical Perspective
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, and business professionals.
Empirical research has revolutionized how we understand the global economic impacts of climate change. Recent empirical analyses have tested theoretical ideas, challenged prior estimates, and revealed important and unexpected impacts.
Further, the credibility and replicability of empirical results have played a critical role in guiding high-stakes climate policies.
Here, I describe the landscape of empirical economic research on global impacts, I explain elements of modern analyses, I summarize recent findings on a range of topics, and I point towards promising new areas of investigation.
Author's summary: Empirical research revolutionizes understanding of climate change impacts.
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