evaluates the role of Solar Radiation Management (SRM) on the optimal abatement path, focusing on the uncertainty about the … theory under uncertainty, we show that abatement is decreasing in the probability of success of SRM, but that this relation …

% lower. On average, a doubling of public RD&D is expected to result in an 8% cost reduction, but uncertainty is large. The …&D investments do not affect uncertainty ranges, but US experts’ are less confident about costs than Europeans. …

unilateral standard accident model under Knightian uncertainty. It focuses on the cost expectation of major harm on which the …

Uncertainty is prevalent in the context of climate change impacts. Moreover, the distribution across the globe is not … Models (IAMs), which assumes no risk sharing across region, we introduce global risk sharing via a market for state … across regions. We estimate that such risk sharing scheme of climate risks could lead to welfare gains reducing the global …

total social costs. Three types of uncertainties are taken into account: uncertainty about abatement costs, business …

Likelihood that links uncertainty about benefits and costs of climate change to the stability analysis of coalitions in a …

This paper studies the empirical relationship between consumption and saving under two different sources of uncertainty …: financial risk and environmental risk. The analysis is carried out using time series data for six advanced economies in the … period 1965-2007. The results support the theoretical conclusions that both financial risk alone and the interaction between …