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Agriculture and forestry play an important role in emitting and storing greenhouse gases. For an efficient and cost-effective climate policy it is therefore important to explicitly include land use, land use change, and forestry (LULUCF) in economy-climate models. This paper gives an overview...
Persistent link: https://www.econbiz.de/10005570243
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 …
Persistent link: https://www.econbiz.de/10010904907
total social costs. Three types of uncertainties are taken into account: uncertainty about abatement costs, business …
Persistent link: https://www.econbiz.de/10010941064
. What additional economic cost of mitigation measures will this delay imply? At the same time, the uncertainty surrounding … this uncertainty cost? Is there a hedging strategy that decision makers can adopt to cope with delayed action and uncertain … computing the optimal abatement strategy in the presence of uncertainty about a global stabilisation target (which will be …
Persistent link: https://www.econbiz.de/10005423164
Uncertainty is prevalent in the context of climate change impacts. Moreover, the distribution across the globe is not …
Persistent link: https://www.econbiz.de/10010941054
Likelihood that links uncertainty about benefits and costs of climate change to the stability analysis of coalitions in a …
Persistent link: https://www.econbiz.de/10005385476
The social cost of carbon (SCC), commonly referred to as the carbon price, is the monetized damage from emitting one unit of CO2 to the atmosphere. The SCC is typically obtained from large-scale computational Integrated Assessment Models (IAMs) that consolidate interdisciplinary climate research...
Persistent link: https://www.econbiz.de/10010833902
optimal combination of the two introducing the role of catastrophic and spatial uncertainty related to climate change damages … both cases uncertainty works in the direction to make mitigation a more attractive strategy than adaptation. When … catastrophic uncertainty is concerned mitigation becomes relatively more important as, by curbing emissions, it helps to reduce …
Persistent link: https://www.econbiz.de/10008828397
, climate uncertainty is related in the model to the atmospheric temperature response to an increase in GHGs concentration …
Persistent link: https://www.econbiz.de/10005570352
For a sequential, two-period decision problem with uncertainty and under broad conditions (non-finite sample set …
Persistent link: https://www.econbiz.de/10005570354