carbon prices, but gradual resolution of uncertainty lowers them. For temperature-dependent economic damage tipping points …We analyse optimal abatement and carbon pricing strategies under a variety of economic, temperature and damage risks …, carbon prices are higher, but when the tipping point occurs, the price jumps downward. With only a temperature cap the carbon …

Environmental managers face substantial uncertainty when deciding on management actions. To reduce this uncertainty …-world monitoring data, we calculate the VoI of monitoring nitrogen, which is used as an indicator of the ecological state of water body … on the management cost, the assumed value of a good state and on the level of uncertainty regarding the ecological state …

jurisdictions. An appropriate and widely accepted specification for the damages of carbon dioxide (CO2) emissions within a …

set so high that the derived emissions reduction exceeds the EU climate target. Hence, carbon prices are redundant in …

The social cost of carbon is the central economic measure for aggregate climate change damages and functions as a … metric for optimal carbon prices. Previous literature shows that inequality significantly influences the level of the social … cost of carbon, but mostly neglects a major source of inequality - heterogeneity in income below the national level. We …

We use perturbation methods to derive a rule for the optimal risk-adjusted social cost of carbon (SCC) that … different aversions to risk and intertemporal fluctuations, convex damages, uncertainties in economic growth, atmospheric carbon …

Policy makers in the EU and elsewhere are concerned that unilateral carbon pricing induces carbon leakage through … hence be regarded as smart hedging against carbon leakage …