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Adapting to climate change : an analysis under uncertainty
García-León, David - 2016
composition of the optimal mix as both persuade the risk-averse social planner to invest more in mitigation. Overall, we identify …
Persistent link: https://www.econbiz.de/10011451547
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Asymmetric sovereign risk : implications for climate change preparation
Gómez González, José Eduardo; Uribe, Jorge; … - 2024
, which are disproportionately affected by climate change, raises significant concerns. This study shows that sovereign risk …. Countries with elevated risk levels are disproportionately vulnerable to climate change compared to their lower-risk … vulnerability to climate change, in terms of sovereign risk, particularly for countries with low spreads and long-term debt …
Persistent link: https://www.econbiz.de/10014529900
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Optimal adaptation and mitigation to climate change in small environmental economies
Chisari, Omar O.; Galiani, Sebastián; Miller, Sebastián - 2013
This paper compares the optimal dynamic choices between policies of mitigation and adaptation for three economies: Brazil, Chile and the United States. The focus is on the optimal role of mitigation and adaptation for “environmentally small economies,” i.e., economies that are witnessing an...
Persistent link: https://www.econbiz.de/10011303254
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Breaking the impasse in international climate negotiations : a new direction for currently flawed negotiations and a roadmap for China to 2050
Zhang, ZhongXiang - 2011
of 2020 that does not accommodate well the world's two largest greenhouse gas emitters, the paper suggests a new …
Persistent link: https://www.econbiz.de/10009231809
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Linking reduced deforestation and a global carbon market : impacts on costs, financial flows, and technological innovation
Bosetti, Valentina; Lubowski, Ruben N.; Golub, Alexander; … - 2009
Discussions over tropical deforestation are currently at the forefront of climate change policy negotiations at national, regional, and international levels. This paper analyzes the effects of linking Reduced Emissions from Deforestation and Forest Degradation (REDD) to a global market for...
Persistent link: https://www.econbiz.de/10008821885
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Climate policies and nationally determined contributions : reconciling the needed ambition with the political economy
Vogt-Schilb, Adrien; Hallegatte, Stéphane - 2017
Countries have pledged to stabilize global warming at a 1.5 to 2°C increase. Either target requires reaching net zero emissions before the end of the century, which implies a major transformation of the economic system. This paper reviews the literature on how policymakers can design climate...
Persistent link: https://www.econbiz.de/10011660858
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Renewable energy subsidies : second-best policy or fatal aberration for mitigation?
Kalkuhl, Matthias; Edenhofer, Ottmar; Lessmann, Kai - 2011
world where carbon pricing is imperfect and the regulator seeks to limit emissions to a (cumulative) target. We use a global …
Persistent link: https://www.econbiz.de/10009231826
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Instrument choice and stranded assets in the transition to clean capital
Rozenberg, Julie; Vogt-Schilb, Adrien; Hallegatte, Stéphane - 2017 - This version: March 2017
To mitigate climate change, some governments opt for instruments focused on investment, like performance standards or feebates, instead of carbon prices. We compare these policies in a Ramsey model with clean and polluting capital, irreversible investment and a climate constraint. Alternative...
Persistent link: https://www.econbiz.de/10011662054
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When starting with the most expensive option makes sense : optimal timing, cost and sectoral allocation of abatement investment
Vogt-Schilb, Adrien; Meunier, Guy; Hallegatte, Stéphane - 2018
This paper finds that it is optimal to start a long-term emission-reduction strategy with significant short-term abatement investment, even if the optimal carbon price starts low and grows progressively over time. Moreover, optimal marginal abatement investment costs differ across sectors of the...
Persistent link: https://www.econbiz.de/10011882054
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An exploration of the link between development, economic growth, and natural risk
Hallegatte, Stéphane - 2013 - Revised version: April 7, 2013
framework, suboptimal decision-making (the introduction of prospect theory's decision weights, biases in risk perception and … myopic expectations) may amplify these trends and lead to excessive or insufficient risk taking. In all instances, the world …, where capital accumulates through increased density of capital at risk in a given area, it is optimal for (i) the …
Persistent link: https://www.econbiz.de/10009737203