Published American Economic Review Published Jul 2026A Welfare Analysis of Policies Impacting Climate ChangeRobert W. Hahn · Nathaniel Hendren · Robert D. Metcalfe · Ben Sprung-KeyserThis paper extends and applies the marginal value of public funds (MVPF) framework to evaluate the welfare consequences of 96 climate-related tax and spending policies in the United States. The MVPF …