38. Richard Tol on Climate Economics: the cost of carbon, geoengineering & IPCC

Challenging Climate

Richard S.J. Tol is a Professor at the Department of Economics, University of Sussex and the Professor of the Economics of Climate Change, Institute for Environmental Studies and Department of Spatial Economics, Vrije Universiteit, Amsterdam, the Netherlands. He is also the author of Climate Economics: Economic Analysis of Climate, Climate Change and Climate Policy. In this episode, Tol breaks down climate economics – the economic and social costs and benefits of carbon. We also discuss the case for geoengineering and his criticisms on IPCC.
Links:

• Richard Tol’s profile
• Richard’s article, The Economic Impacts of Climate Change

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Chapters

1. 38. Richard Tol on Climate Economics: the cost of carbon, geoengineering & IPCC (00:00:00)

2. Intro and background (00:01:51)

3. What are the economic impacts of climate change? (00:05:09)

4. What do these impacts look like in economic models? (00:07:26)

5. What's the climate impact on GDP? (00:11:30)

6. Aggregate estimates of climate damages (00:14:20)

7. Should we discount the future in these calculations? (00:18:10)

8. The social cost of carbon (00:25:25)

9. What about the cost of cutting emissions? (00:29:38)

10. Economics of Geoengineering: CDR (00:34:39)

11. Economics of Geoengineering: SRM (00:39:28)

12. Why aren't climate economists well-liked? (00:42:38)

13. Tol's criticisms on the IPCC (00:46:57)

14. What gives you hope for the future? (00:53:02)