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Report Number Lookup Improving the Assessment and Valuation of Climate Change Impacts 

for Policy and Regulatory Analysis: Modeling Climate Change Impacts and Associated Economic 

Damages 

Improving the Assessment and Valuation of 

Climate Change Impacts for Policy and 

Regulatory Analysis: Modeling Climate Change 

Impacts and Associated Economic Damages 

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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 workshop on Modeling 

Climate Change Impacts and Associated Economic Damages. 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 2009-2010 inter-agency 

'social cost of carbon' workgroup that used the DICE, FUND, and PAGE 

integrated assessment models to estimate time paths of the social cost 

of carbon for use in future U.S. government regulatory analyses. A summary of the 

workgroup's findings (PDF, 854K, About PDF) is available. The U.S. government’s intention is to 

revise these estimates, taking into account new research findings that were not included in the 

first round. To help motivate and inform this process, EPA and DOE are hosting a series of 

workshops. The November 18-19, 2010, workshop focused on conceptual and methodological 

issues related to integrated assessment modeling and 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 estimating 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). 

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http://yosemite.epa.gov/ee/epa/eerm.nsf/vwRepNumLookup/EE-0564?OpenDocument

Last updated on Thursday, November 10, 2011

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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 Greenstone, MIT) 

(abstract (40.4K), presentation (2052.1K)) 

Session 1: Overview of Existing Integrated Assessment Models 

Overview of Integrated Assessment Models (Jae Edmonds, 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, Berkeley) 

(abstract (355.8K), presentation (555.5K)) 

Representation of Climate Impacts in other Integrated 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 Marten, EPA) 

(presentation (280.6K)) 

Session 3: Critical Modeling Issues in Assessment and Valuation of Climate Change 

Impacts 

Sectoral and Regional Disaggregation and Interactions (Ian Sue Wing, Boston 

University) 

(abstract (222.2K), presentation (412.2K)) 

Adaptation and Technological Change (Karen Fisher-Vanden, Pennsylvania State 

University, and Ian Sue Wing, Boston University) 

(abstract (204.3K), presentation (911.9K)) 

Multi-century Scenario Development and Socio-Economic Uncertainty (Brian O’Neill, 

National Center for Atmospheric Research) 

(abstract (113K), presentation (948.2K)) 

Incorporation of Climate System Uncertainty into IAMs (Gerard Roe, University of 

Washington) 

(abstract (1966.6K), presentation (3815.4K)) 

Extrapolation of Damage Estimates to High Temperatures: 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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Potential Economic Catastrophes (Michael Toman, World 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 of Emission Reduction Policies (Ray 

Kopp, Resources for the Future) 

(presentation (323K)) 

Implications for Addressing Equity and Natural Capital 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 Cooke, Resources for the Future) 

(abstract (141.8K), presentation (1216K)) 

Date Linked: 12/22/2010

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