that stochastic technology growth hardly affects the optimal bundle of mitigation and adaptation whereas uncertainty about … composition of the optimal mix as both persuade the risk-averse social planner to invest more in mitigation. Overall, we identify … that including uncertainty into the model tends to favour (long-lasting) mitigation with respect to (instantaneous …

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 … highly sensitive to the coefficient of relative risk aversion. Once the climate change damage function incorporates the risk …

produced by climate-economy models while introducing the dimension of uncertainty in innovation ef- forts, without succumbing …, bioelectricity and personal electric vehicle batteries), taking into account the uncertainty surrounding the effectiveness of …&D portfolio. The resulting ranking across technologies is robust to changes in risk-aversion, R&D budget limitation and assump …

of this general result to specific forms of uncertainty extends existing results to more general forms of risk and yields …The paper clarifies the link between changes in risk aversion and the effect on the consumption discount rate. In a … general framework that can cope with various forms of uncertainty, it is shown that the response of the consumption discount …

heterogeneous countries with the notable feature of model misspecification on the impacts from SRM. We find that deep uncertainty …

takes explicit account of model uncertainty. To this end, the value function we propose is an analogue of the well …-known success-probability criterion adapted to settings characterized by model uncertainty. We apply this decision criterion to …

optimal combination of the two introducing the role of catastrophic and spatial uncertainty related to climate change damages … both cases uncertainty works in the direction to make mitigation a more attractive strategy than adaptation. When … catastrophic uncertainty is concerned mitigation becomes relatively more important as, by curbing emissions, it helps to reduce …

, precipitation changes, and unitary irrigation costs. Results suggest different economic consequences of climate change depending on …