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for the risk of irreversibility induces more conservative decisions regarding consumption and polluting emissions. In …
Persistent link: https://www.econbiz.de/10014185878
conditions of environmental variability and uncertainty, providing logical and holistic reasoning in complex systems since they … model as a synthesis framework, which would allow the user to manage the uncertainty characterising the definition and …, incorporate and communicate the uncertainty, with the aim to provide an efficient support to an informed and transparent decision …
Persistent link: https://www.econbiz.de/10014197708
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/10014158817
that stochastic technology growth hardly affects the optimal bundle of mitigation and adaptation whereas uncertainty about … composition of the optimal mix as both persuade the risk-averse social planner to invest more in mitigation. Overall, we identify … that including uncertainty into the model tends to favour (long-lasting) mitigation with respect to (instantaneous …
Persistent link: https://www.econbiz.de/10012997671
heterogeneous countries with the notable feature of model misspecification on the impacts from SRM. We find that deep uncertainty …
Persistent link: https://www.econbiz.de/10012968338
climate change. The risk of uncertain and potentially irreversible catastrophes is an important issue related to the latter … demonstrates a multistage stochastic programming framework for catastrophe modeling with endogenous uncertainty, applied to a … benchmark integrated assessment model. This study moves beyond recent catastrophe or tipping point studies with arbitrary risk …
Persistent link: https://www.econbiz.de/10013019654
This paper proposes an application of the analytical path assembled within my PhD research on Disaster Risk Creation … (DRC) in humanitarian contexts, to Flood Risk Management (FRM) planning in Italy. The investigation concerns some key … challenges, for spatial planning and disaster risk management, in understanding, evaluating, and addressing Disaster Risk (DR …
Persistent link: https://www.econbiz.de/10014240390
Uncertainty plays a key role in the economics of climate change, and the discussions surrounding its implications for … climate policy are far from settled. We give an overview of the literature on uncertainty in integrated assessment models of … complementary approaches that model uncertainty in association with integrated assessment models: the discrete uncertainty modeling …
Persistent link: https://www.econbiz.de/10013130410
Sensitivity (proportionality) of willingness to pay to (small) risk changes is often used as a criterion to test for …,005 respondents were asked their willingness to pay (WTP) for preventing an increase in risk by 1/42,500 and 3/42,500, respectively …. WTP for the higher risk variation is significantly higher than WTP for the lower risk change. We find evidence that those …
Persistent link: https://www.econbiz.de/10012733341
The Security and Exchange Commission (SEC) has considered climate change as a risk issue since 2010. Several emission … financial performances, especially of listed companies. There are two ways these companies can disclose their transition risk … exposure and are not alternatives. One is the explicit declaration of exposure to transition risk in the legally binding …
Persistent link: https://www.econbiz.de/10013313375