Richard Sj Tol
Biographic Data
| ID | 2909510 |
|---|---|
| NAME | Richard Sj Tol |
| GIVEN NAMES | Richard Sj |
| FAMILY NAME | Tol |
| SIGNATURE | TOL R S |
| AFFILIATIONS | Vrije Universiteit Amsterdam |
| ORCID | 0000-0002-8012-3988 |
| VERIFIED | Yes |
| TOTAL WORKS | 56 |
| TOTAL CITATIONS | 319 |
| AUTHOR COUNT | 55 |
| EDITOR COUNT | 1 |
| FIRST PUBLICATION YEAR | 1996 |
| LATEST PUBLICATION YEAR | 2024 |
| H-INDEX | 9 |
The Nobel family
Nobel laureates cluster together. 696 of the 727 winners of the Nobel Prize in physics, chemistry, medicine, and economics belong to one single academic family tree. 668 trace their ancestry to Emmanuel Stupanus, 228 to Lord Rayleigh (physics, 1904). Craig Mello (medicine, 2006) counts 51 Nobelists among his ancestors. Chemistry laureates have the most Nobel ancestors and descendants, economics laureates the fewest. Chemistry is the central disci…
Social cost of carbon estimates have increased over time
Rise of the Kniesians
The paper presents the professor-student network of Nobel laureates in economics. 82 of the 87 Nobelists belong to one family tree. The remaining five belong to three separate trees. There are 376 men in the graph, and five women. Karl Knies is the central-most professor, followed by Wassily Leontief. No classical and few neo-classical economists have left notable descendants. Harvard is the centralmost university, followed by Chicago and Berlin.…
Do climate dynamics matter for economics
Environmental applications of the Coase Theorem
Methodological issues in natural disaster loss normalisation studies
The mixed results in Pielke (2020) for natural disaster loss normalisation studies are due to methodological differences. Flaws exist in commonly used normalisation approaches that assume unitary elasticities between exposure indicators and losses. We refute Pielke’s arguments that statistical studies estimating these relationships are biased. We conclude with an agenda for future research
The Economic Impacts of Climate Change
This article reviews the economic impacts of climate change and the policy implications of the results. Current estimates indicate that climate change will likely have a limited impact on the economy and human welfare in the twenty-first century. In fact, the initial impacts of climate change may well be positive. However, in the long run the negative impacts dominate the positive ones. Negative impacts will be substantially greater in poorer, ho…
Mediterranean Unesco World Heritage at risk from coastal flooding and erosion due to sea-level rise
UNESCO World Heritage sites (WHS) located in coastal areas are increasingly at risk from coastal hazards due to sea-level rise. In this study, we assess Mediterranean cultural WHS at risk from coastal flooding and erosion under four sea-level rise scenarios until 2100. Based on the analysis of spatially explicit WHS data, we develop an index-based approach that allows for ranking WHS at risk from both coastal hazards. Here we show that of 49 cult…
Temperature shocks, short-term growth and poverty thresholds
Impact of natural disasters on income inequality in Sri Lanka
Debating climate economics
Coastal flood damage and adaptation costs under 21st century sea-level rise
Significance Coastal flood damages are expected to increase significantly during the 21st century as sea levels rise and socioeconomic development increases the number of people and value of assets in the coastal floodplain. Estimates of future damages and adaptation costs are essential for supporting efforts to reduce emissions driving sea-level rise as well as for designing strategies to adapt to increasing coastal flood risk. This paper presen…
One effect to rule them all? A comment on climate and conflict
A recent Climatic Change review article reports a remarkable convergence of scientific evidence for a link between climatic events and violent intergroup conflict, thus departing markedly from other contemporary assessments of the empirical literature. This commentary revisits the review in order to understand the discrepancy. We believe the origins of the disagreement can be traced back to the review article’s underlying quantitative meta-analys…
Economywide impacts of climate change on agriculture in Sub-Saharan Africa
Does the Housing Market Reflect Cultural Heritage? A Case Study of Greater Dublin
Does the housing market reflect cultural heritage? We estimate several specifications of a hedonic price equation to establish whether distance to, and density of, cultural heritage site is capitalised into housing prices in Greater Dublin, Ireland. We use a very rich dataset of housing and neighbourhood characteristics and include 104 location-fixed effects, which represent very small areas, ensuring the identification of the price effects on si…
Green growth
Green growth is now a central theme of the international climate change negotiations. The Rio+20 Conference in June will concentrate on green growth as one of its main priorities. The Europe 2020 strategy has identified green growth as a fundamental pillar of EU economic policy. This Forum takes stock of the academic discussion and examines the theoretical and empirical underpinning of the concepts of green growth and employment through environme…
A unifying framework for metrics for aggregating the climate effect of different emissions
Multi-gas approaches to climate change policies require a metric establishing equivalences among emissions of various species. Climate scientists and economists have proposed four kinds of such metrics and debated their relative merits. We present a unifying framework that clarifies the relationships among them. We show, as have previous authors, that the global warming potential (GWP), used in international law to compare emissions of greenhouse…
Climate damages in the Fund model
Civil war, climate change, and development
This article presents a model of development, civil war and climate change. There are multiple interactions. Economic growth reduces the probability of civil war and the vulnerability to climate change. Climate change increases the probability of civil war. The impacts of climate change, civil war and civil war in the neighbouring countries reduce economic growth. The model has two potential poverty traps - one is climate-change-induced and one i…
Sea-level rise and its possible impacts given a ‘beyond 4°C world’ in the twenty-first century
The range of future climate-induced sea-level rise remains highly uncertain with continued concern that large increases in the twenty-first century cannot be ruled out. The biggest source of uncertainty is the response of the large ice sheets of Greenland and west Antarctica. Based on our analysis, a pragmatic estimate of sea-level rise by 2100, for a temperature rise of 4°C or more over the same time frame, is between 0.5 m and 2 m—the probabili…
Public policy towards the sale of state assets in troubled times
International climate policy and regional welfare weights
The Direct Impact of Climate Change on Regional Labor Productivity
Global climate change will increase outdoor and indoor heat loads, and may impair health and productivity for millions of working people. This study applies physiological evidence about effects of heat, climate guidelines for safe work environments, climate modeling, and global distributions of working populations to estimate the impact of 2 climate scenarios on future labor productivity. In most regions, climate change will decrease labor produc…
Risk aversion, time preference, and the social cost of carbon
The Stern Review reported a social cost of carbon of over $300/tC, calling for ambitious climate policy. We here conduct a systematic sensitivity analysis of this result on two crucial parameters: the rate of pure time preference, and the rate of risk aversion. We show that the social cost of carbon lies anywhere in between 0 and $120 000/tC. However, if we restrict these two parameters to matching observed behaviour, an expected social cost of c…
Equity weighting and the marginal damage costs of climate change
Indicators for social and economic coping capacity—moving toward a working definition of adaptive capacity
Climate change and international tourism
The weakest link hypothesis for adaptive capacity
Distributional aspects of climate change impacts
The Economic Effects of Climate Change
I review the literature on the economic impacts of climate change, an externality that is unprecedentedly large, complex, and uncertain. Only 14 estimates of the total damage cost of climate change have been published, a research effort that is in sharp contrast to the urgency of the public debate and the proposed expenditure on greenhouse gas emission reduction. These estimates show that climate change initially improves economic welfare. Howeve…
Adaptation and mitigation
A general equilibrium analysis of climate change impacts on tourism
The scope for adaptation to climate change
Temperature shocks, short-term growth and poverty thresholds
Impact of natural disasters on income inequality in Sri Lanka
Civil war, climate change, and development
This article presents a model of development, civil war and climate change. There are multiple interactions. Economic growth reduces the probability of civil war and the vulnerability to climate change. Climate change increases the probability of civil war. The impacts of climate change, civil war and civil war in the neighbouring countries reduce economic growth. The model has two potential poverty traps - one is climate-change-induced and one i…
Scenarios of carbon dioxide emissions from aviation
Does the Housing Market Reflect Cultural Heritage? A Case Study of Greater Dublin
Does the housing market reflect cultural heritage? We estimate several specifications of a hedonic price equation to establish whether distance to, and density of, cultural heritage site is capitalised into housing prices in Greater Dublin, Ireland. We use a very rich dataset of housing and neighbourhood characteristics and include 104 location-fixed effects, which represent very small areas, ensuring the identification of the price effects on si…
Environmental applications of the Coase Theorem
Holiday destinations
Discounting and the social cost of carbon
Economy-wide estimates of the implications of climate change
Equity, international trade and climate policy
Economic impacts on key Barents Sea fisheries arising from changes in the strength of the Atlantic thermohaline circulation
Adaptation to Five Metres of Sea Level Rise
There is an unknown but probably small probability that the West‐Antarctic Ice Sheet (WAIS) will collapse because of anthropogenic climate change. A WAIS collapse could cause a 5–6 metre global sea level rise within centuries. In three case studies, we investigate the response of society to the most extreme yet not implausible scenario, a five‐metre sea level rise within a century, starting in 2030. The case studies combine a series of interviews…
Safe policies in an uncertain climate
Outlook for the International Climate Policy Regime– Revolution or Reform
The damage costs of climate change towards a dynamic representation
The scope for adaptation to climate change
Weathering climate change
Figuring the Costs of Climate Change
Safe policies in an uncertain climate
Equitable cost-benefit analysis of climate change policies
Estimates of the Damage Costs of Climate Change. Part 1
Fearnside's unified index for time preference
Equity, international trade and climate policy
Outlook for the International Climate Policy Regime– Revolution or Reform
Indicators for social and economic coping capacity—moving toward a working definition of adaptive capacity
Environmental Politics and Policy in Industrialized Countries
Dynamic World
Attainability of International Environmental Agreements as a Social Situation
Distributional aspects of climate change impacts
The marginal damage costs of carbon dioxide emissions
Unilateral regulation of bilateral trade in greenhouse gas emission permits
Adaptation and mitigation
Climate change and international tourism
Economy-wide estimates of the implications of climate change
Discounting and the social cost of carbon
Adaptation to Five Metres of Sea Level Rise
There is an unknown but probably small probability that the West‐Antarctic Ice Sheet (WAIS) will collapse because of anthropogenic climate change. A WAIS collapse could cause a 5–6 metre global sea level rise within centuries. In three case studies, we investigate the response of society to the most extreme yet not implausible scenario, a five‐metre sea level rise within a century, starting in 2030. The case studies combine a series of interviews…
The weakest link hypothesis for adaptive capacity
A general equilibrium analysis of climate change impacts on tourism
Environmental Crises
Economics (45 works) · Climate change (33 works) · Climate Change Policy and Economics (30 works) · Environmental Science (21 works) · Natural resource economics (21 works) · Geography (18 works) · Ecology (16 works) · Econometrics (15 works) · Mathematics (13 works) · Political science (13 works)