The first World Climate Conference, which was sponsored by the World Meteorological Organization in Gen?ve in 1979, triggered an international dialogue on global warming. From the 1997 United Nations-sponsored conference-during which the Kyoto Protocol was signed-through meetings in Copenhagen, Canc?n, Durban, and most recently Doha (2012) and Warsaw (2013), worldwide attention to the issue of global warming and its impact on the world's economy has rapidly increased in intensity.The consensus of these debates and discussions, however, is less than clear. Optimistically, many geoscience researchers and members of the Intergovernmental Panel on Climate Change (IPCC) have supported CO2 emission reduction pledges while maintaining that a 2?C limit in increased temperature by the year 2100 is achievable through international coordination. Other observers postulate that established CO2 reduction commitments such as those agreed to at the Copenhagen United Nations Climate Change Conference (2009) are insufficient and cannot hold the global warming increase below 2?C. As experts theorize on precisely what impact global warming will have, developing nations have become particularly alarmed. The developed world will use energy to mitigate global warming effects, but developing countries are more exposed by geography and poverty to the most dangerous consequences of a global temperature rise and lack the economic means to adapt. The complex dynamics that result from this confluence of science and geopolitics gives rise to even more complicated issues for economists, financial planners, business leaders, and policy-makers.The Oxford Handbook of the Macroeconomics of Global Warming analyzes the economic impact of issues related to and resulting from global warming, specifically the implications of possible preventative measures, various policy changes, and adaptation efforts as well as the different consequences climate change will have on both developing and developed nations. This multi-disciplinary approach, which touches on issues of growth, employment, and development, elucidates for readers state-of-the-art research on the complex and far-reaching problem of global warming.

List of Contributors1. The Macroeconomics of Global WarmingLucas Bernard and Willi SemmlerPART I: GROWTH AND CLIMATE CHANGE2. Improving Climate Projections to Better Inform Climate Risk ManagementKlaus Keller and Robert Nicholas3. Energy Balance Climate Models, Damage Reservoirs and the Time Profile of Climate Change PolicyWilliam Brock, Gustav Engstr?m, and Anastasios Xepapadeas4. Economics of Environmental Regime ShiftsFlorian Wagener5. Policy Scenarios in a Model of Optimal Economics Growth and Climate ChangeHelmut Maurer, Johann Jakob Preu?, and Willi Semmler6. Adaptive Model-Predictive Climate Policies in a Multi-Country SettingThierry Br?chet, Carmen Camacho, and Vladimir M. VeliovPART II: MITIGATION POLICY MODELING7. Prospects of Tools from Differential Games in the Study of Macroeconomics of Climate ChangeJacob Engwerda8. Fairness in Climate Negotiations: A Meta-Game Analysis Based on Community Integrated AssessmentAlain Haurie, Fr?d?ric Babonneau, Neil Edwards, Phil Holden, Amit Kanudia, Maryse Labriet, Barbara Pizzileo, and Marc Vielle9. Climate Change and Second-Best Abatement in a Multi-Region World with Endogenous GrowthAlfred Greiner10. Global Warming and R&D-Based Growth in a Trade Model between Environmentally Sensitive and Environmentally Neglectful CountriesFrancisco Cabo, Guiomar Mart?n-Herr?n, and Mar?a Pilar Mart?nez-Garc?a11. Climate Change and Inter-Generational WellbeingJeffrey D. Sachs12. The Atmosphere as a Global Commons: Challenges for International Cooperation and GovernanceOttmar Edenhofer, Christian Flachsland, Michael Jakob, and Kai Lessmann13. The Social Cost of CarbonRichard S. J. TolPART III: TECHNOLOGY AND ENERGY POLICIES14. Climate-Friendly Technological Change for Developing CountriesDavid Popp15. Renewable Energy: Models, Implications, and ProspectsFranz Wirl and Yuri Yegorov16. Emission Trading Systems and Technological Innovation: A Random Matching ModelAngelo Antoci, Simone Borghesi, and Mauro Sodini17. The Reality of Nuclear Power: The Fukushima Experience and Its ImpactKozo Mayumi and John M. PolimeniPART IV: ECONOMIC EFFECTS OF MITIGATION AND ADAPTATION18. Forecast Based Pricing of Weather DerivativesWolfgang Karl H?rdle, Brenda L?pez Cabrera, Matthias Ritter19. Employment and Output Effects of Climate PoliciesMika Kato, Stefan Mittnik, Daniel Samaan, and Willi Semmler20. Macroeconomic Effects of Renewable Energy and Energy Efficiency Policies with a Focus on GermanyChristian Lutz and Ulrike LehrPART V: INTERNATIONAL PERSPECTIVES21. The Stabilization of Earth's Climate in the 21st Century by the Stabilization of Per Capita ConsumptionAskar Akaev22. Does Kyoto Protocol Intensify Carbon Leakage to China?Zhong Maochu and Shi Yadong23. Climate Thresholds, Weather Extremes, and Catastrophic LossesLopamudra Banerjee24. Climate Impacts on Agriculture: A Challenge to Complacency?Frank Ackerman, Elizabeth A. StantonPART VI: DIRECTIONS IN MITIGATION POLICY DESIGN25. The Legal Framework of Global Environment Governance on Climate Change: A Critical SurveyRapha?le Chappe26. Environment and Development Challenges: The Imperative of a Carbon Fee and DividendJames E. Hansen27. The Need for Sustainable Development and a Carbon Market: Avoiding ExtinctionGraciela Chichilnisky