- Energy, Climate and Environmental Policy
Emanuele Massetti is Assistant Professor at the School of Public Policy of the Georgia Institute of Technology, where he teaches Introduction to Statistics (undergraduate), Environmental Economics (graduate) and Cost-Benefit Analysis (graduate and undergraduate).
Emanuele is a CESifo Research Network Affiliate, and Affiliate Researcher at the Euro-Mediterranean Center on Climate Change (CMCC).
He holds a PhD in Economics from Catholic University of Milan, a MSc in Economics from University College London and a MA in Economics from Brown University. In 2011-2013 Emanuele was Postdoctoral Fellow at the Yale School of Forestry and Environmental Studies.
His main research interests are in Environmental, Energy and Agricultural Economics and he is one of the authors of WITCH, an Integrated Assessment Model to study optimal climate mitigation policies. His research work now focuses on methods to estimate impacts of and adaptation to climate change.
Emanuele has worked as consultant for the EBRD, the OECD, the UNDP and the UNEP. In 2011-2014 he was Lead Author for the Working Group III of the Fifth Assessment Report of the IPCC.
Working Paper – November 2018
We estimate a Ricardian model of Western European agricultural land values using farm-level data. We model the effect of temperature on land values using a flexible specification of daily mean temperature to test if there are temperature threshold effects. Results indicate that there are no temperature thresholds beyond which agricultural land values suddenly drop. The results are robust to alternative model specifications. Adaptation explains why a smooth aggregate response function is compatible with sharply non-linear crop yield functions. With adaptation, the effect of warming on Western European agriculture is likely to be smooth.
Presentation – September 2018
Journal Article – August 2018
Massetti, E. and R. Mendelsohn. 2018. “Measuring Climate Adaptation: Methods and Evidence.” Review of Environmental Economics and Policy, 12(2): 324-341. DOI: https://doi.org/10.1093/reep/rey007
Journal Article – February 2018
This research investigates the potential impact of warming on Italian agriculture. Using a detailed dataset of 16,000 farms across Italy, the study examines likely warming impacts in different regions and for different sectors of Italian agriculture. The study finds that farm net revenues are very sensitive to seasonal changes in temperature and precipitation. Livestock and crop farms have different responses to climate as do rainfed farms and irrigated crop farms. The overall results suggest mild consequences from marginal changes in climate but increasingly harmful effects from more severe climate scenarios.
European Review of Agricultural Economics. Forthcoming.
Journal Article – October 2017
Trainer (2017) criticizes cost estimates of climate change mitigation presented in the Working Group III Report to the IPCC and is concerned by lack of transparency and dubious practices in summarizing the literature. This commentary shows that this critique is based on several mistakes. Trainer (2017) mixes evidence on investment changes and evidence on macroeconomic costs, which are discussed in two different parts of the report because they are different indicators of the economic impact of climate mitigation policy. This commentary also argues that when the report was prepared evidence on investments in mitigation technologies was limited but methodologically sound and transparently reported, contrary to what suggested by Trainer (2017).
Energy Economics. 109. 414 - 417. https://doi.org/10.1016/j.enpol.2017.07.020