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The economics of climate change

Please note that prior to September 2017, the Center on Global Poverty and Development was known as the Stanford Center for International Development (SCID).

Evoking the perils of climate hcange, dry cracked earth is juxtaposed with healthy green grass. A cityscape looms in the background.
Apr 19 2016

Posted In:

Research Spotlights, SCID News

By Laura Seaman

Scientists have made huge strides in understanding the physical and biological dimensions of climate change, from deciphering why climate has changed in the past to predicting how it might change in the future. As the body of knowledge on the physical science of climate grows, a missing link is emerging: What are the economic and social consequences of changes in the climate and efforts to control emissions of greenhouse gases?

In a new paper in the journal Science, a team led by Stanford professor Charles Kolstad and SCID Factuly Affiliate Marshall Burke argue that relatively low funding for social science research has contributed to a knowledge gap about what climate change means for human society. This knowledge gap, they argue, renders the large advances in natural science less useful than they could be for policymakers.

Read the article in Stanford News