Press article, video or other popular media
Year
2023
Abstract
In a new study, Guillaume Chevillon (ESSEC Business School) and Takamitsu Kurita (Kyoto Sangyo University) introduce a toolbox that offers a data-driven approach to estimating the cost associated with climate change control. Contrary to most evaluations that rely on ad hoc assumptions and simulations, Chevillon and Kurita base their analysis on actual historical data. Estimating long run equilibria between climate and the economy, their toolbox is able to gauge the associated costs, first in retrospective (counterfactual) analyses and hence to guide prospective policy making.
CHEVILLON, G. (2023). What is the economic cost of preventing climate change? ESSEC Knowledge.