According to a new report by the Stockholm Environment Institute (SEI), economic analysis has become increasingly central to the climate policy debate. However, the models and assumptions of climate economics often lag far behind the latest developments in this fast-moving field.

Therefore, the SEI published a new report, titeled 'Climate Economics: The State of the Art' , which offers an in-depth review of new developments in climate economics and science since the Stern Review (2006) and the Intergovernmental Panel on Climate Change’s Fourth Assessment Report (2007), with more than 500 citations.