Economics of Climate Change

Led by SCEPA economist Willi Semmler, SCEPA's Economics of Climate Change project explores effective climate change policy in light of fragile domestic and global economies and the practicalities of mitigation strategies such as renewable energy.

Insights Blog

A Win for Green Bonds in New York

Willi Semmler, a SCEPA Senior Fellow and NSSR Professor of Economics, has for many years argued that green bonds are a powerful tool for financing the transition to a low-carbon economy. That policy proposal is getting attention — New York state recently overwhelmingly approved a $4.2 ballot measure called the Clean Water, Clean Air and Green Jobs Environmental Bond Act of 2022.

G20 Features SCEPA Article on Climate

This year’s materials for the G20 Summit include a SCEPA research paper co-written by Willi Semmler, the Director of SCEPA’s Economics of Climate Change project. The paper investigates how to recover the European Union (EU)’s sense of common aims after the Covid-19 crisis to address challenges such as long-term scarring of the labor market, Climate Change, European social and health care system and sustainability of sovereign debt. 

Fiscal Policies for a Low-Carbon Economy

The World Bank published a report authored by a team of New School economists that investigates fiscal policies to help us move from a high-carbon economy to a low-carbon economy while minimizing financial instability.

Resource Library

Book Review: Sustainable Macroeconomics, Climate Risks and Energy Transitions

Book Review | It is great fortune for readers when a textbook is both avant-garde and thoroughly contemporary.

Sustainable Macroeconomics, Climate Risks, and Energy Transitions

Book | This book explores the myriad challenges of climate change and in reaching a low-carbon economy. It develops a framework for dynamic macroeconomic modeling for the climate-economy interaction, presents empirical trends in carbon-emitting resource use, and discusses policy strategies for sustainable growth under global climate change constraints.

Long-run Scarring Effects of Meltdowns in a Small-scale Nonlinear Quadratic Model

Paper | Over the last few years, economists have focused on the long-run effects of persistent shocks on economic output. In this paper, we use a small-scale macroeconomic model to show how the macroeconomy adjusts to a deep contraction and how credit dynamics, along with the monetary policy design, may influence the extent of these scars through numerical simulations. 

Critical Economics Course

Online Course

Economics: Society, Markets, and [In]equality

This free online course teaches the power dynamics that determine how people and resources are valued, how goods move around the world, and how we manage our planet and the future.