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# Improving the Assessment and Valuation of Climate Change Impacts for Policy and Regulatory Analysis: Modeling Climate Change Impacts and Associated Economic Damages

Keywords Participating Organizations Report Details Summary EPA's National Center for Environmental Economics ( NCER) and Climate Change Division (CCD), together with DOE’s Office of Policy and International Affairs sponsored a two-day works hop on Modeling Climate Change Impacts and Associated Economic Dama ges. This was the first in an EPA/DOE workshop series, "Improving the Assessment and Valuation of Climate Change Impacts for Policy and Regulatory Analysis."

The impetus for this workshop series was the 2009-2 010 inter-agency 'social cost of carbon' workgroup that used the DIC E, FUND, and PAGE integrated assessment models to estimate time paths of the social cost of carbon for use in future U.S. government regulat ory analyses. A summary of the workgroup's findings (PDF, 854K, About PDF ) is available. The U.S. government’s intention is t o revise these estimates, taking into account new res earch findings that were not included in the first round. To help motivate and inform this proce ss, EPA and DOE are hosting a series of workshops. The November 18-19, 2010, workshop focus ed on conceptual and methodological issues related to integrated assessment modeling an d valuing climate change impacts, along with methods of incorporating these estimates into policy analysis. The second workshop (January 27-28, 2011) will review research on estim ating impacts and valuing damages on a sectoral basis.

If you have any questions, please contact Elizabeth Kopits ( Kopits.elizabeth@epa.gov ) or Charles Griffiths ( Griffiths.charles@epa.gov ). How to Obtain Report

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## National Center for Environmental Economics http://yosemite.epa.gov/ee/epa/eerm.nsf/vwRepNumLoo kup/EE

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DRAFT Executive Summary (270kb)

DRAFT Summary Report (553K)

Appendix (1.9M)

Workshop Agenda (149.1K)

Introduction
Progress Toward a Social Cost of Carbon (Michael Gr eenstone, MIT) (abstract (40.4K) , presentation (2052.1K) )

Session 1: Overview of Existing Integrated Assessme nt Models
Overview of Integrated Assessment Models (Jae Edmon ds, PNNL) (presentation (932.4K) ) Models Used for the Development of Current USG SCC Values DICE (Steve Newbold, EPA) (abstract (95.7K) , presentation (347.6K) ) PAGE (Christopher Hope, University of Cambridge) (abstract (129.5K) , presentation (440.8K) ) FUND (David Anthoff, University of California, Berk eley) (abstract (355.8K) , presentation (555.5K) ) Representation of Climate Impacts in other Integrat ed Assessment Models GCAM and Development of iESM (Leon Clarke, PNNL) (presentation (1379.3K) ) IGSM (John Reilly, MIT) (abstract (251.9K) , presentation (821.2K) )

Session 2: Near-Term DOE and EPA Efforts
Proposed Impacts Knowledge Platform (Bob Kopp, DOE, and Nisha Krishnan, RFF) (presentation (837.6K) ) Proposed Generalized Modeling Framework (Alex Marte n, EPA) (presentation (280.6K) )

Session 3: Critical Modeling Issues in Assessment a nd Valuation of Climate Change Impacts Sectoral and Regional Disaggregation and Interactio ns (Ian Sue Wing, Boston University) (abstract (222.2K) , presentation (412.2K) ) Adaptation and Technological Change (Karen Fisher-V anden, Pennsylvania State University, and Ian Sue Wing, Boston University) (abstract (204.3K) , presentation (911.9K) ) Multi-century Scenario Development and Socio-Econom ic Uncertainty (Brian O’Neill, National Center for Atmospheric Research) (abstract (113K) , presentation (948.2K) ) Incorporation of Climate System Uncertainty into IA Ms (Gerard Roe, University of Washington) (abstract (1966.6K) , presentation (3815.4K) ) Extrapolation of Damage Estimates to High Temperatu res: Damage Function Shapes (Marty Weitzman, Harvard University) (abstract (73.2K) ) Earth System Tipping Points (Tim Lenton, University of East Anglia) ( abstract (723.5K) , presentation (2765.8K) ) 

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- 0564?OpenDocumentPotential Economic Catastrophes (Michael Toman, Wor ld Bank) (abstract (244.2K) , presentation (437.2K) ) Nonmarket Impacts (Michael Hanemann, University of California, Berkeley) (presentation (286.7K) )

Session 4: Implications for Climate Policy Analysis and Design
Implications for Design and Benefit-Cost Analysis o f Emission Reduction Policies (Ray Kopp, Resources for the Future) (presentation (323K) ) Implications for Addressing Equity and Natural Capi tal Impacts (Geoff Heal, Columbia University) (abstract (339.5K) , presentation (381.4K) ) Implications for Choice of Policy Targets for Cost- Effectiveness Analysis (Nat Keohane, Environmental Defense Fund) (presentation (280.1K) ) Implications for Managing Climate Risks (Roger Cook e, Resources for the Future) (abstract (141.8K) , presentation (1216K) )

Date Linked: 12/22/2010 

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