Dr. Amir Jina
The Harris School, University of Chicago
Climate policy and the calculation of the Social Cost of Carbon rests on understanding how climate change damages the economy. To date, these damages have been based on assumptions or limited empirical evidence. We develop a process that incorporates local climate projections with econometric estimates of damages for multiple outcomes in order to solve this problem globally. For mortality, these data are the most comprehensive global data on sub-national mortality yet assembled. One of the biggest questions in climate economics is how costly adaptation to climate change will be. We develop a method to estimate these costs, resulting in the first empirically based damage estimate that incorporates adaptation benefits and costs – a key input to the design of climate policy and the SCC.