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The global climate is changing, and will continue to do so even if greenhouse gas emissions are dramatically curbed. Economies are therefore faced with the challenge of adapting to climate change. This challenge is particularly important in developing countries, which, due to a combination of...
Persistent link: https://www.econbiz.de/10014177125
When a natural disaster hits, the affected households try to cope with its impacts. A variety of coping strategies may … tend to be employed in the event of a weather disaster, second, given that multiple strategies can be chosen, in what … disaster. Yet we do find that other strategies, which might undermine future prospects, are avoided, notably selling land or …
Persistent link: https://www.econbiz.de/10013096228
When a natural disaster hits, the affected households try to cope with its impacts. A variety of coping strategies may … tend to be employed in the event of a weather disaster, second, given that multiple strategies can be chosen, in what … disaster. Yet we do find that other strategies, which might undermine future prospects, are avoided, notably selling land or …
Persistent link: https://www.econbiz.de/10013089318
Persistent link: https://www.econbiz.de/10009675155
We study the capacity to meet food demand under conditions of climate change, economic and population growth. We take a novel approach to quantifying climate impacts, based on a model of the global economy structurally estimated on the period 1960 to 2015. The model integrates several features...
Persistent link: https://www.econbiz.de/10012138747
We study the capacity to meet food demand under conditions of climate change, economic and population growth. We take a novel approach to quantifying climate impacts, based on a model of the global economy structurally estimated on the period 1960 to 2015. The model integrates several features...
Persistent link: https://www.econbiz.de/10012134228
We show that several of the most important economic models of climate change produce climate dynamics inconsistent with the current crop of models in climate science. First, most economic models exhibit far too long a delay between an impulse of CO2 emissions and warming. Second, few economic...
Persistent link: https://www.econbiz.de/10012171780
Integrated assessment models (IAMs) provide key inputs to decision-makers on economically efficient climate policies, and technical change is one of the key assumptions in any IAM that estimates mitigation costs. We conduct a systematic survey of how technical change is currently represented in...
Persistent link: https://www.econbiz.de/10014515010
The optimal transition to a low-carbon economy must account for adjustment costs in switching from dirty to clean capital, technological progress, and economic and climatic shocks. We study the low-carbon transition using a dynamic stochastic general equilibrium model with emissions abatement...
Persistent link: https://www.econbiz.de/10013472310
This note considers the treatment of risk and uncertainty in the recently established "social cost of carbon" (SCC) for analysis of federal regulations in the United States. It argues that the analysis of the US Interagency Working Group on Social Cost of Carbon did not go far enough into the...
Persistent link: https://www.econbiz.de/10009238751