- At what rate should future benefits and costs be discounted? This complex and controversial question is analyzed in detail in Choosing the Future, a paper in the Journal of Economic Literature.
- Discounting the Distant Future: A Critique of the EPA’s Analysis of the Social Cost of Carbon
- The Economics of Carbon Accounting and Carbon Offsets – a review of the issues involved in the carbon offsets business, much of which is phony.
- Some thoughts on the economics of climate change from Vox EU.
- Economic Aspects of the Energy Transition – from Environmental and Resource Economics
- The cost of moving from fossil fuels to clean energy is now very low – only about $6bn annually – because of the drop in the cost of renewable energy and the fact that many power plants are nearing the ends of their lives.
- Carbon Taxes and the Oil Market (with Wolfram Schlenker) – a non-technical explanation of the findings of our study of the effects of a carbon tax below.
- Review article from the Journal of Economic Literature, non-technical and accessible, giving an overview of the economic issues that climate change raises
- A study of the effect of a carbon tax on the use of fossil fuels, suggesting that such a tax would have to be very high – $200/ton CO2 or more – to have an impact on oil use.
- A spreadsheet containing the calculations for item 2.
- An update of the cost of the energy transition, to allow for the falls in the costs of renewable energy and energy storage.
- An analysis of the cost of the energy transition from fossil fuels to carbon-free energy in the US
- Rising Oceans – Economics and Science. A review of what we know about the impact of sea level rise in the US.
- Another review article, from Climatic Change and more technical than the previous one, going into more details about the economics of climate change
- Review of Environmental Economics and Policy – a relatively non-technical article about how to think about the uncertainties associated with climate change
- A more technical version of the above, forthcoming in the Handbook of Environmental and Resource Economics, edited by Partha Dasgupta
- A paper from Nature Climate Change on making climate choices in the face of uncertainty
- Scientific Ambiguity and Climate Policy (with Antony Millner and Simon Dietz) – a paper that won an award for Best Paper of the Year in Environmental and Resource Economics
- Agreeing to Disagree – with Antony Millner from the Proceedings of the National Academy of Sciences of the US, about the choice of discount rates in long-term projects such as climate change.
- Review of Environmental Economics and Policy – a review article on climate change
- An old paper of mine on modeling the uncertain absorbtive capacity of the atmosphere.
- Who Should Abate Carbon Emissions – from Economic Letters
- Temperature Stress and the Direct Impact of Climate Change: A Review of an Emerging Literature from the Review of Environmental Economics and Policy
- Labor Productivity and Temperature with Jisung Park and Nan Zhong
More of my publications can be found at Academic Commons, on the web site of the National Bureau of Economic Research and on the web site of the Social Science Research Network. There is also a listing of my papers, with links to some of them, at REPEC.
Geoffrey Heal 