Ce texte porte sur la question de la réversibilité à long terme des émissions de CO2. Il donne un exemple de technologies de capture directe à partir de l'air, qui permet de borner le coût marginal de réduction du CO2 dans toute l'économie. Il exploré les aspects thermodynamiques de la...

This paper explores implications of climate change for fiscal policy by assessing theimpact of large scale extreme weather events on changes in public budgets. We applyalternative measures for large scale extreme weather events and conclude that thebudgetary impact of such events ranges between...

The study identifies how various customers of insurance can be affected, such as SMEs, the construction industry, farmingand forestry, as well as consumers. It then highlights best practice so that individuals and organisations can manage riskmore effectively.[...]

We examine an incentive scheme for a group of agents, where all agents are rewarded ifthe group meets its target. If the group does not meet its target, only the agents that meettheir individual target are rewarded. In environmental policy, the EU burden sharingagreement and the UK Climate...

The paper examines what impact different design options of emissions trading have on the innovation process in the electric power industry. Recent concepts of innovation research in evolutionary economics are reviewed and investment cycles in the German power sector are examined before taking a...

The outcome of the 15th conference of the Parties to the UNFCC showed a shift from a top-down approach with a collective target favoring environmental objectives to a bottom-up accord favoring political feasibility, with no meaningful binding agreement in sight, as the global climate regime and...

With only weeks to go untilthe United Nations climate change conferencein Copenhagen, the world is looking for itsleaders to strike a deal that will be farreachingenough to curb catastrophic climatechange from occurring. For the insuranceindustry this agreement is about more thanpreparing for a...

Back in the eighteenth century, the insurance industry in London incentivised widespread behaviour to mitigate fire risk by introducing the world’s first building fire codes in the form of fire marks, and then creating the world’s first organised fire services. Now 350 years later, the...

In the midst of global recession it is tempting for stakeholders especially policymakers to diminish the importance of climate change. Indeed this is a challenge confronting many insurers, and the importance of staying the course cannot be overestimated. ClimateWise is an insurance industry...

This thinkpiece is the first in a series of several articles on the subject of climate change to be published in 2009. This summarises a detailed report published on 23 February by the CII edited by shared Nobel Prize winner Andrew Dlugolecki, entitled Coping with Climate Change: Risks and...