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The design of environmental policy typically takes place within a framework in which uncertainty over the future impact of pollution and two different kinds of irreversibilities interact. The first kind of irreversibility concerns the sunk cost of environmental degradation; the second is related...
Persistent link: https://www.econbiz.de/10013160474
This work develops a framework for the analysis at the macro-level of the relationship between adaptation and mitigation policies. The FEEM-RICE growth model with stock pollution, endogenous R&D investment and emission abatement is enriched with a planned-adaptation module where a defensive...
Persistent link: https://www.econbiz.de/10014196917
We consider an optimal consumption and pollution problem that has two important features. Environmental damages due to economic activities may be irreversible and the level at which the degradation becomes irreversible is unknown. Particular attention is paid to the situation where agents are...
Persistent link: https://www.econbiz.de/10014185878
The present research has been developed within the EU FP7 VECTORS project. The main scope of the project (2011 … the EU marine ecosystem in the medium term (2030). We focus on those changes potentially affecting the fishing and the … marine ecosystem quality.Impacts on EU coastal countries Gross Domestic Product are negative and larger when the tourism …
Persistent link: https://www.econbiz.de/10013026600
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