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We show that economies may exhibit a strong endogenous macroeconomic adaptation response to climate change. If climate …
Persistent link: https://www.econbiz.de/10012992447
adaptation to changing life circumstances. People may adapt or become more sensitive, to different degrees, to a deteriorated … the consequences for optimal climate policies and argues from a normative point of view that psychological adaptation …
Persistent link: https://www.econbiz.de/10013315603
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
adaptation to changing life circumstances. People may adapt or become more sensitive, to different degrees, to a deteriorated … the consequences for optimal climate policies and argues from a normative point of view that psychological adaptation …
Persistent link: https://www.econbiz.de/10010772268
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
In recent years, sustainability has represented one of the most important policy goals explored in the environmental … specification, namely modified EKC (MEKC), we show that there is an inverted U-shape relationship between sustainability and human …. More interestingly, findings from the estimation show that EKC hypothesis, HD and sustainability are crucial to build …
Persistent link: https://www.econbiz.de/10010765493
The discounted utilitarian criterion for infinite horizon social choice has been criticized for treating generations unequally. We propose an extended rank-discounted utilitarian (ERDU) criterion instead. The criterion amounts to discounted utilitarianism on non-decreasing streams, but it treats...
Persistent link: https://www.econbiz.de/10008671700
This paper investigates the vulnerability of households to climatic disasters in the low-lying atoll nation of Tuvalu. Small Island Developing States, particularly the atoll islands, are considered to be the most vulnerable to climatic change, and in particular to sea-level rise and its...
Persistent link: https://www.econbiz.de/10012979123
Common integrated assessment models produce the counterintuitive result that higher risk aversion does not lead to stronger near-term abatement. This paper re-examines this result with a DICE model that is fully coupled with a thermohaline circulation model. It also features Epstein-Zin utility...
Persistent link: https://www.econbiz.de/10013315580