In this paper we discuss the scope of the adaptation challenge facing world agriculture in the coming decades. Due to rising temperatures throughout the tropics, pressures for adaptation will be greatest in some of the poorest parts of the world where the adaptive capacity is least abundant. We...

Water plays a major role in the climate system and in mediating impacts of climate variability and change on all sectors of the economy. The incorporation of water resources modeling into integrated assessment models (IAMs) to study climate–hydrology processes, related water impacts and...

The process of urbanization has been shown to be important for economic development, environmental impacts and human wellbeing, particularly in developing countries. In this paper we compare structure, data sources and scenario results of four integrated assessment models that are capable of...

I use a stochastic production frontier to model energy efficiency trends in 85 countries over a 37-year period. Differences in energy efficiency across countries are modeled as a stochastic function of explanatory variables and I estimate the model using the cross-section of time-averaged data,...

This paper measures the energy efficiency performance with carbon dioxide (CO2) emissions in 30 provinces in China during the period of 1997–2011 using a meta-frontier framework with the improved directional distance function (DDF). We construct a new environmental production possibility set...

Agricultural production is heavily dependent on weather outcomes, and hence climate change has the potential to significantly alter the sector's productivity. Both reduced form studies as well as integrated assessment models have found that the agricultural sector might experience significant...

This paper applies a computable general equilibrium model to investigate the impacts of a carbon tax on China's economy and carbon emissions based on China's 2010 Input–Output Table. To obtain robust simulation results, we further disaggregate the energy sectors into eight departments...

Transmission of price shocks from one market to another one has long been investigated in the economic literature. However, studies have namely dealt with the relationship between financial and energy markets. With the recent changes in market conditions, investors, policy-makers and interest...

The aim of this paper is to show the benefit of applying a moment matching technique to the short leg component in order to price and hedge multi-asset spread options: in particular, we approximate the real dynamics of the short leg component by taking a log-normal proxy, whose equivalent...

This paper investigates trends in energy intensity over the last 40years. Based on a sample of 75 countries, it applies the Fisher Ideal Index to decompose the energy intensity into the relative contributions of energy efficiency and economic structure. Then, the determinants of these energy...