OVERVIEW OF THE EMF 32 STUDY ON U.S. CARBON TAX SCENARIOS

The economic impact of climate change: a bibliometric analysis of research hotspots and trends

Climate change has been a widely concerned issue for decades. As the key policy target, the economic impact caused by climate change has received general attention from scholars and governments around the world. For the number of literatures is huge and the relationships among the literatures are not clear, we aim to clarify the research hotpots and the research trends of current literatures and provide inspiration for the development directions of future research in this paper. Using the bibliometric method, this paper characterizes the literatures on the economic impact of climate change based on the Web of Science (WoS) Core Collection. The results reveal that the USA occupies the leading position of the studies, which publishes most documents, and contains the most productive institutes and well-known scholars. From 2009, the number of documents published by a Chinese scholar started to increase rapidly, which makes China the second most productive country in recent years. The journals both belong to the WoS Categories of economics and environmental sciences and tend to publish more literatures than others. Adaptation, vulnerability, uncertainty, economic growth, climate policy, ecosystem service, energy consumption, renewable energy, food security, and land use are the representative keywords that have both high frequency and high centrality. Potential benefits, fat-tailed risk, social cost, international migration, and sustainable intensification are the top five main research hotspots. Based on the citation network of the top 50 documents with the highest local citation score, four research trends are sorted out: (i) the methodological innovation to monetized estimate the economic impact of climate change, (ii) the effect of current and future adaptive measures on agriculture, (iii) the interactional relationship between induced technological change and carbon tax, and (iv) the effect on labor market caused by climate change.

The air quality and health impacts of projected long-haul truck and rail freight transportation in the United States in 2050

Diesel emissions from freight transportation activities are a key threat to public health. This study examined the air quality and public health impacts of projected freight-related emissions in 2050 over the continental United States. Three emission scenarios were considered: (1) a projected business-as-usual socioeconomic growth with freight fleet turnover and stringent emission control (CTR); (2) the application of a carbon pricing climate policy (PO); and (3) further technology improvements to eliminate high-emitting conditions in the truck fleet (NS). The PO and NS cases are superimposed on the CTR case. Using a WRF-SMOKE-CMAQ-BenMAP modeling framework, we quantified the impacts of diesel fine particulate matter (PM_2.5) emissions change on air quality, health, and economic benefits. In the CTR case, we simulate a widespread reduction of PM_2.5 concentrations, between 0.5 and 1.5 μg m^-3, comparing to a base year of 2011. This translates into health benefits of 3600 (95% CI: 2400-4800) prevented premature deaths, corresponding to $38 (95% CI: $3.5-$100) billion. Compared to CTR case, the PO case can obtain ~9% more health benefits nationally, however, climate policy also affects the health outcomes regionally due to transition of demand from truck to rail; regions with fewer trucks could gain in health benefits, while regions with added rail freight may potentially experience a loss in health benefits due to air quality degradation. The NS case provides substantial additional benefits (~20%). These results support that a combination of continuous adoption of stringent emission standards and strong improvements in vehicle technology are necessary, as well as rewarding, to meet the sustainable freight and community health goals. States and metropolitan areas with high population density and usually high freight demand and emissions can take more immediate actions, such as accelerating vehicle technology improvements and removing high-emitting trucks, to improve air quality and health benefits.

INTRODUCTION TO THE EMF 32 STUDY ON U.S. CARBON TAX SCENARIOS

This paper is an introduction to, "The EMF 32 Study on U.S. Carbon Tax Scenarios," part of the Stanford Energy Modeling Forum (EMF) Model Inter-comparison Project (MIP) number 32. Eleven modeling teams participated in this study examining the economic and environmental impacts of various carbon tax trajectories and differing uses of carbon tax revenues. This special issue of Climate Change Economics documents the results of this study with four crosscutting papers that summarize results across models, and ten papers from individual modeling teams.

THE IMPACT OF CARBON TAXATION AND REVENUE RECYCLING ON U.S. INDUSTRIES

This paper provides a detailed, cross-model analysis and discussion of the implications of carbon tax scenarios on changes in sectoral output, energy production and consumption and the competitiveness of the United States' economy. Our analysis focuses on the broad patterns apparent across models in both qualitative and quantitative terms at the sector level, with a focus on energy-intensive, trade-exposed sectors. We identify how variations in carbon tax trajectories and different options for using the revenue from the tax drive these results.