Climate Policy and Uncertainty: The Roles of Adaptation versus Mitigation …

Uncertainty is an obstacle for commitments under cap and trade schemes. We assess how well intensity targets, where … multiple uncertainties and endogenous commitments, we show that optimal intensity targets could reduce the cost of uncertainty … uncertainty and the potential for more stringent environmental commitments might justify the increased complexity and other …

longer necessarily prefer quantities; and under tradable permits, marginal cost uncertainty is an inherent benefit. For …

Uncertainty can hamper the stringency of commitments under cap and trade schemes. We assess how well intensity targets … global climate treaty, gains from reduced cost uncertainty might justify increased complexity, framing issues and other …

understand the extent and composition of cost uncertainty under emissions trading schemes, the degree to which it can be reduced … by mechanism design options such asintensity targets, and for calibrating models of emissions trading under uncertainty … time. The results indicate that uncertainty about future energy sector CO2 emissions and emissions intensity is greater …

We contribute to the understanding of marine reserves and the management of renewable resources with uncertainty. We …

uncertainty. The results provide a comparison of instrument choice between a total harvests control and a total effort control … under uncertainty, an original method to evaluate the tradeoffs between profits and other criteria in a dynamic context, and …

Uncertainty is an obstacle for commitments under cap and trade schemes for emission permits. We assess how well … cost of uncertainty and achieve significant increases in global abatement. The optimal degree of indexation to GDP would …, gains from reduced cost uncertainty and the potential for more stringent environmental commitments could justify the …

-neutral or risk-averse behaviour. Key theoretical results are that because of emissions uncertainty, there is no simple Weitzman … (1974) rule for choosing between 'prices' (a tax) to 'quantities' (ET); under ET, marginal abatement cost uncertainty is a … new uncertainty estimates. Key global, empirical results are that under either risk behaviour, a tax dominates ET, which …

uncertainty about the future that should be at the heart of the design of a suatainable climate policy. To show how important … uncertainty is to the design of the climate policies, we take two alternative plausible assumptions about a single aspect of the … making under uncertainty it is important in comparing regimes to explore how the regimes handle aspects of uncertainty as …