This paper contributes to the normative literature on mitigation and adaptation by framing the question of their … optimal policy balance in the context of catastrophic climate risk. The analysis uses the WITCH integrated assessment model … with a module that models the endogenous risk of experiencing an economic catastrophe if temperature increases above a …

composition of the optimal mix as both persuade the risk-averse social planner to invest more in mitigation. Overall, we identify … light on how the optimal balance between mitigation and adaptation changes under different stochastic scenarios. We find … that stochastic technology growth hardly affects the optimal bundle of mitigation and adaptation whereas uncertainty about …

, while the situation reverses afterwards. Over the century, the risk premium correction fosters more mitigation, which … uncertainty into Integrated Assessment Models (IAMs). Uncertainty is transformed into a risk-premium, damage-correction, region …. This risk premium quantifies what society would be willing to pay to insure against the uncertainty of the damages, and it …

the catastrophic losses, and an effort strategy (mitigation) aimed at reducing the frequency of such losses. The … optimal mix of mitigation/effort strategies allows to reduce the volatility of the economic growth rate, even if its level may …

This study explores people's risk attitudes after having suffered large real-world losses following a natural disaster … is consistent with prospect theory predictions of the adoption of a risk-seeking attitude after a loss. -- Decision under … Risk ; Large Losses ; Natural Experiment …

the core of the debate, we argue that another key dimension is often overlooked: how to use insurance as a lever for risk … be effective. We conclude that there is clear scope for the EU to play a greater role in linking risk transfer and … prevention, beyond existing channels, to ensure an integrated approach to flood risk management across the EU. …

This paper studies the allocation of total disaster risk reduction public spending among regions in Peru. The main … received by region in order to prevent future natural disasters. Impacts of geological disaster, on the other hand, affect the …

In March 2015, a new international blueprint for disaster risk reduction (DRR) has been adopted in Sendai, Japan, at … the end of the Third UN World Conference on Disaster Risk Reduction (WCDRR, March 14 - 18, 2015). We review and discuss …

authorities and agencies and/or public authorities and civil society for disaster risk reduction. We pay attention to Public …-based natural resource management (CBNRM) and disaster risk reduction (CBDRR), as well as other cooperative initiatives. In many …. The analysis is complemented by examples of PuPs addressed in the ENHANCE case studies in which disaster risk reduction …