Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
Please note that all times are shown in the time zone of the conference. The current conference time is: 24th Aug 2026, 01:51:53am WEST
External resources will be made available 30 min before a session starts. You may have to reload the page to access the resources.
|
Daily Overview |
| Session | |
|
Egg-Timer: Political Economy of Environmental Policy Location: D-112 Session Chair: Massimo Tavoni, Politecnico di Milano e EIEE | |
    | |
Dasgupta Meets Nordhaus: Optimal Climate and Conservation Policy Under Ecosystem Capital Dynamics Leipzig University, Germany Interactions of human economic development with the climate system and ecosystems in the biosphere caused the twin crisis of climate change and biodiversity loss. In this paper, we contribute to addressing the challenge of quantifying socially optimal climate and conservation policy in a world with atmosphere-biosphere interactions by combining the work of two influential economists: Partha Dasgupta and Bill Nordhaus. Specifically, we include nonlinear ecosystem capital dynamics inspired by the Dasgupta Review on the Economics of Biodiversity in an updated DICE model to study the effects on the optimal level of ecosystem capital, economic growth, the social cost of carbon, and the social cost of renewable resource extraction. Our results, which are robust to changes in key parameter specifications, indicate the need for more ambitious climate policy to limit damages to ecosystem capital. We also highlight the role of reducing renewable resource extraction and waste creation to let ecosystems regenerate and foster the creation of co-benefits for climate mitigation through Nature-based carbon dioxide removal. | |