Topics discussed include the costs and benefits of adaptation and mitigation, discounting, uncertainty, policy instruments, and international agreements. Special features include: in-depth treatment of the economics of climate change; careful explanations of concepts and their application to climate policy; customizable integrated assessment model that illustrates all issues discussed; specific usage guidelines for each level of reader; companion website featuring data, extra reading, quizzes, videos and more. This book will be an essential text for students of varying levels in economics, climate change and environmental policy, and a resource for researchers and practitioners.