Professor Lontzek Receives the Erik Kempe Award 2021
The School of Business and Economics congratulates one of its members on the occasion of a prestigious international award: Prof. Thomas Lontzek from the Chair of Computational Economics receives the Erik Kempe Award 2021 for his work on calculating the social costs of climate change.
Every two years, the European Association of Environmental and Resource Economics awards the most prestigious international prize for research in environmental and resource economics. The award is given to the most outstanding publication worldwide in the past two years. The article The Social Cost of Carbon with Economic and Climate Risks, co-authored with Y.Cai of Ohio State University, appeared in the Journal of Political Economy in 2019.
In this paper, Prof. Lontzek examines the effects of uncertainty in economic growth and in the climate system on the globally optimal carbon tax. The paper focuses intensely on the so-called tipping points in the climate system. A detailed appreciation of the work and more information about the award can be found at this link.
In addition, the Journal of Political Economy has released the download until the end of October 2021. You can download the paper here.