hss-seminar-62

Department of Humanities and Social Sciences

Indian Institute of Technology Ropar

HSS Seminar

‘Addressing Global Warming: Rolling the DICE

by

Prof. Shreekant Gupta

 

March 15, 2019, Friday, at 10:30 AM

Venue:  Conference Room 2

Abstract

Action on global warming (climate change) is an exercise in cost-benefit analysis (CBA) where the costs of reducing heat trapping greenhouse gases (GHGs) reflect in the present but the benefits will appear in future. This talk will present a tool for CBA of climate policies, namely, integrated assessment models (IAMs). In particular it will analyse the Dynamic Integrated Climate Economy (DICE) model for which William Nordhaus received the 2018 Nobel Prize in Economics. The lecture will apply DICE to answer policy questions such as how GHGs should be reduced and at what rate.

 

About the speaker:

Shreekant Gupta is Professor, Department of Economics, Delhi School of Economics, University of Delhi and Adjunct Professor, LKY School of Public Policy, National University of Singapore. He has worked extensively on the economics of climate change and is co-author of several reports of the UN Intergovernmental Panel on Climate Change (IPCC). He also serves as Vice-President, Indian Society for Ecological Economics.