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date: 05 March 2021

Abstract and Keywords

This Handbook analyzes the macroeconomics of global warming, especially the economics of possible preventative measures, various policy changes, and the potential consequences of climate change on developing and developed nations. The problems are complex as, for example, the developed world will tend to increase its consumption of energy in order to mitigate climate change effects, leaving developing countries, which are most vulnerable, even more exposed to the dangerous consequences of a rise in global temperatures. Additionally, both adaptation and other efforts will cause changes in industries and, consequently, in employment and demographic profiles. Constructing models which are both accurate and fair to myriad competing interests is difficult. The present work presents state-of-the-art attempts achieve this balance by focusing on the macroeconomic modeling of climate change policies, i.e., although we touch upon scientific topics, it is through an economic lens, as it were. Thus, we address broad issues, but with a narrower perspective: that of the economist.

Keywords: climate, effects, global warming, macroeconomics, policy, prevention

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