In this lecture, Professor Lucas Bretschger will present an overview of recent developments in climate economics and draw some key policy conclusions. The first part will focus on efficiency and deal with economic dynamics, impact assessment, and risk analysis. Professor Bretschger will show how the internationally agreed temperature targets become compatible with economic cost-benefit analysis. The second part will deal with equity considerations of national policy contributions and their assessment with a common metrics. Different evaluation criteria and the implications for the climate policies in different countries like China, the US, and India are presented. The lecture concludes with recommendations for the further guidance of international climate negotiations.
Prof. Lucas Bretschger
Full Professor of Economics/Resource Economics at ETH Zurich
Past-President of the European Association of Environmental and Resource Economists
Professor Lucas Bretschger is Full Professor of Economics/Resource Economics at ETH Zurich and Past-President of the European Association of Environmental and Resource Economists (EAERE). His main research interests are the theory and policy of natural resources and the environment as well as growth, trade, climate, and public economics. He is a Member of the Swiss Academy of Engineering Sciences, a Research Associate at the University of Oxford and a Professor at the University of Zurich. He has been a consultant to the Swiss government on climate issues, a member of the Swiss delegation at international climate negotiations, and the founder of the SURED Conference on Monte Verità, which bi-annually brings together world leading experts of sustainable resource use and economic dynamics.