Der Klimawandel erfordert nicht nur Maßnahmen zur Vermeidung von klimawirksamen Gasen, sondern auch zur Anpassung an bereits entstandene Schäden. Dabei kann sowohl die Bereitstellung von Anpassung als auch von Vermeidung ineffizient sein. Zudem beeinflussen sich die beiden Maßnahmenpakete...

The design and conduct of climate change policy necessarily confronts uncertainty along multiple fronts. We explore the consequences of ambiguity over various sources and configurations of models that impact how economic opportunities could be damaged in the future. We appeal to decision theory...

We discuss global climate mitigation that builds on existing unilateral measures to cut emissions. We document and discuss the rationale for such unilateral measures argue that such measures have the potential to generate positive spillover effects both within and across countries. In a simple...

The economic effects of climate change vary across both time and space. To study these effects, this paper builds a global economy-climate model featuring a high degree of geographic resolution. Carbon emissions from the use of energy in production increase the Earth's (average) temperature and...