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Adaptation to climate change is gaining increasing relevance in the public debate of climate policy. However, detailed … adaptation in Europe, and in particular Germany, Finland and Italy. Furthermore, a systematic overview on fiscal aspects of … adaptation is provided, with focus on budgetary effects of adaptation in the different impact sectors. Combining cost estimates …
Persistent link: https://www.econbiz.de/10008511596
This paper assesses the role of the public sector in adaptation to climate change. We first offer a definition and … categorisation of climate change adaptation. We then consider the primary economic principles that can guide the assignment of … adaptation tasks to either the private or the public sector, as well as those guiding assignment within the public sector itself …
Persistent link: https://www.econbiz.de/10010583637
widely unknown. Governments try to cope with these risks by investing in mitigation and adaptation measures. Mitigation aims … at a reduction of greenhouse gas emissions whereas adaptation reduces the follow-up costs of climate change. In contrast … to the existing literature, we explicitly model the decision of risk-averse governments on mitigation and adaptation …
Persistent link: https://www.econbiz.de/10008833877
aims at raising mitigation while also reducing the damages from climate change: conditional adaptation support. Especially … amount of adaptation funding and the best ways to raise, manage and disburse these funds, hardly any attention is paid to the … international allocative effects of these transfers. The answer to the question of ‘why’ international adaptation transfers are paid …
Persistent link: https://www.econbiz.de/10010608707
each model. The framework is used to analyze the adaptation vs. mitigation dilemma and provides a simple criterion to … determine whether adaptation activities should be undertaken promptly, delayed to some future date, or avoided altogether. …
Persistent link: https://www.econbiz.de/10009416115
Several recent articles have analyzed climate policy giving explicit attention to the non-renewable character of carbon resources. In most of this literature the economy is treated as a single unit, which in the context of climate policy seems reasonable to interpret as the whole world. However,...
Persistent link: https://www.econbiz.de/10008914283
Why do for-profit firms take voluntary steps to improve the environment? Brand appeal to green consumers or investors, the ability to influence or avoid regulation, or the experience gained for future regulation, have all been suggested as possible reasons. The empirical evidence is decidedly...
Persistent link: https://www.econbiz.de/10009021238
This paper examines the impact of Knightian uncertainty upon optimal climate policy through the prism of a continuous-time real option modelling framework. We analytically determine optimal intertemporal climate policies under ambiguity. Additionally, numerical simulations are provided to...
Persistent link: https://www.econbiz.de/10009221550
A sufficiently rapidly rising carbon tax may increase near-term emissions compared with the case of no carbon tax. Even so, such a carbon tax path may reduce total costs related to climate change, since the tax may reduce total carbon extraction. A government cannot commit to a specific carbon...
Persistent link: https://www.econbiz.de/10008671724
Empirical evaluation of policies to mitigate climate change has been largely confined to the application of discounted utilitarianism (DU). DU is controversial, both due to the conditions through which it is justified and due to its consequences for climate policies, where the discounting of...
Persistent link: https://www.econbiz.de/10009293489