Similar Search Results

Delayed action and uncertain targets : how much will climate policy cost?

Bosetti, Valentina; Carraro, Carlo; Sgobbi, Alessandra; … - 2008

Despite the growing concern about actual on-going climate change, there is little consensus about the scale and timing of actions needed to stabilise the concentrations of greenhouse gases. Many countries are unwilling to implement effective mitigation strategies, at least in the short-term, and...

Persistent link: https://www.econbiz.de/10008780584

Incentives and stability of international climate coalitions : an integrated assessment

Bosetti, Valentina; Carraro, Carlo; De Cian, Enrica; … - 2011

assumptions concerning the pure rate of time preference, the social welfare aggregator and the extent of climate damages. We focus …

Persistent link: https://www.econbiz.de/10009419726

Priority for the worse off and the social cost of carbon

Adler, Matthew D.; Anthoff, David; Bosetti, Valentina; … - 2016

reduction in current consumption that produces a loss in social welfare equivalent to that caused by the emission of a ton of CO …2. The standard approach is to calculate the SCC using a discounted-utilitarian social welfare function (SWF)-one that … welfare economics, but has been, thus far, little used in climate scholarship. The core idea is to give greater weight to well …

Persistent link: https://www.econbiz.de/10011547506

Ellsberg re-revisited : an experiment disentangling model uncertainty and risk aversion

Berger, Loic; Bosetti, Valentina - 2016

The results of an experiment extending Ellsberg's setup demonstrate that attitudes towards ambiguity and compound uncertainty are closely related. However, this association is much stronger when the second layer of uncertainty is subjective than when it is objective. Provided that the compound...

Persistent link: https://www.econbiz.de/10011457763

Finding common ground when experts disagree : belief dominance over portfolios of alternatives

Baker, Erin; Bosetti, Valentina; Salo, Ahti A. - 2016

We address the problem of choosing a portfolio of policies under "deep uncertainty." We introduce the idea of belief dominance as a way to derive a set of non-dominated portfolios and robust individual alternatives. Our approach departs from the tradition of providing a single recommended...

Persistent link: https://www.econbiz.de/10011504367

Abatement cost uncertainty and policy instrument selection under a stringent climate policy : a dynamic analysis

Bosetti, Valentina; Golub, Alexander; Markandya, Anil; … - 2008

This paper investigates the relative economic and environmental outcomes of price versus quantity mechanisms to control GHG emissions when abatement costs are uncertain. In particular, we evaluate the impacts on policy costs, CO2 emissions and energy R&D for a stringent mitigation target of 550...

Persistent link: https://www.econbiz.de/10003659641

A simple framework for climate-change policy under model uncertainty

Athanasoglou, Stergios; Bosetti, Valentina; Drouet, Laurent - 2016

We propose a novel framework for the economic assessment of climate-change policy. Our main point of departure from existing work is the adoption of a "satisficing", as opposed to optimizing, modeling approach. Along these lines, we place primary emphasis on the extent to which different...

Persistent link: https://www.econbiz.de/10011614242

Three layers of uncertainty : an experiment

Aydogan, Ilke; Berger, Loϊc; Bosetti, Valentina; Liu, Ning - 2018

We experimentally explore decision-making under uncertainty using a framework that decomposes uncertainty into three distinct layers: (1) physical uncertainty, entailing inherent randomness within a given probability model, (2) model uncertainty, entailing subjective uncertainty about the...

Persistent link: https://www.econbiz.de/10011862952

Optimal clean energy R&D investments under uncertainty

Marangoni, Giacomo; De Maere d'Aertrycke, Gauthier; … - 2017

The availability of technology plays a major role in the feasibility and costs of climate policy. Nonetheless, technological change is highly uncertain and capital intensive, requiring risky efforts in research and development of clean energy technologies. In this paper, we introduce a two-track...

Persistent link: https://www.econbiz.de/10011622101