Showing 1 - 10 of 99
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 … certain threshold. We find that the risk of a catastrophic outcome would encourage countries to reduce emissions even in the …
Persistent link: https://www.econbiz.de/10010476445
balance in the context of climate catastrophic risk. The investigation enriches an integrated assessment model introducing the … caused by GHG emissions, and ultimately abatement choices. Results indicate that the presence of catastrophic risk induces … responsiveness of mitigation to changes in adaptation decreases. Compared to a world without climate catastrophes, risk reduces the …
Persistent link: https://www.econbiz.de/10010205479
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 …
Persistent link: https://www.econbiz.de/10011451668
Persistent link: https://www.econbiz.de/10012385023
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 … certain threshold. We find that the risk of a catastrophic outcome would encourage countries to reduce emissions even in the …
Persistent link: https://www.econbiz.de/10013030222
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 …
Persistent link: https://www.econbiz.de/10012997069
balance in the context of climate catastrophic risk. The investigation enriches an integrated assessment model introducing the … caused by GHG emissions, and ultimately abatement choices. Results indicate that the presence of catastrophic risk induces … responsiveness of mitigation to changes in adaptation decreases. Compared to a world without climate catastrophes, risk reduces the …
Persistent link: https://www.econbiz.de/10010327208
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 … certain threshold. We find that the risk of a catastrophic outcome would encourage countries to reduce emissions even in the …
Persistent link: https://www.econbiz.de/10010491246
balance in the context of climate catastrophic risk. The investigation enriches an integrated assessment model introducing the … caused by GHG emissions, and ultimately abatement choices. Results indicate that the presence of catastrophic risk induces … responsiveness of mitigation to changes in adaptation decreases. Compared to a world without climate catastrophes, risk reduces the …
Persistent link: https://www.econbiz.de/10010984841
Persistent link: https://www.econbiz.de/10014382196