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uncertainty over climate change and its impact, why there is so much uncertainty, and why we will continue to face uncertainty in … the near future. I also explain the policy implications of climate change uncertainty. First, the uncertainty … stronger actions to reduce CO2 emissions. Second, uncertainty interacts with two kinds of irreversibilities. First, CO2 remains …
Persistent link: https://www.econbiz.de/10013306636
The paper illustrates how one may assess our comprehensive uncertainty about the various relations in the entire chain ….5 deg;C. The 99 percent confidence interval ranges from 3.0 deg;C to 6.9 deg;C. Uncertainty about socio-economic drivers of … climate change lie behind a non-trivial part of this uncertainty about global warming …
Persistent link: https://www.econbiz.de/10012769638
was 1-3 degrees Fahrenheit. In addition, people with higher risk estimates, whether for temperature or related risks (e …, significant behavioral propensities also emerged. For example, accessibility of neutral information on global warming boosted risk …
Persistent link: https://www.econbiz.de/10012755602
Donald Trump's election and his nomination of Scott Pruitt, a climate skeptic, to lead the Environmental Protection Agency drastically downshifted expectations on US climate-change policy. We study firms' stock-price reactions and institutional investors' portfolio adjustments after these...
Persistent link: https://www.econbiz.de/10012907137
Major carbon-pricing systems in Europe and North America involve multiple jurisdictions (countries or states). Individual jurisdictions often pursue additional initiatives—such as unilateral carbon price floors, legislation to phase out coal, aviation taxes or support programs for renewable...
Persistent link: https://www.econbiz.de/10012890770
offer a series of testable hypotheses concerning the economic incidence of spatially tied climate change risk …
Persistent link: https://www.econbiz.de/10013043276
Concerns about the impact on large-scale earth systems have taken center stage in the scientific and economic analysis of climate change. The present study analyzes the economic impact of a potential disintegration of the Greenland Ice Sheet (GIS). The method is to combine a small geophysical...
Persistent link: https://www.econbiz.de/10012918080
Utilizing theory and empirical insights from psychology and behavioral economics, this paper examines individuals' cognitive and motivational barriers to adopting climate change adaptation and mitigation measures that increase consumer welfare. We explore various strategies that take into...
Persistent link: https://www.econbiz.de/10013061114
The selection of climate policies should be an exercise in risk management reflecting the many relevant sources of … uncertainty. Studies of climate change and its impacts rarely yield consensus on the distribution of exposure, vulnerability, or … stakeholders differ in their degree of risk tolerance. This broader risk management approach enables one to examine a range of …
Persistent link: https://www.econbiz.de/10012938608
Economic evaluation of climate policy traditionally treats uncertainty by appealing to expected utility theory. Yet our …
Persistent link: https://www.econbiz.de/10013142547