Chapter 1 analyzes hybrid-trigger CAT bonds, a new CAT bond deal that can reduce basis risk and eliminate moral hazard simultaneously. It is the first research that provides analytical evidence on the condition under which the hybrid trigger has lower basis risk. Simulation results support my...

The purpose of this paper is to analyze climate change and ecological destruction through the prism of the core general principles of political economy. The paper starts with the principle of historical specificity, and the various waves of climate change through successive cooler and warmer...

Global warming is becoming a big problem and carbon emissions from a variety of sources are the cause of it. To control emission, a number of carbon emission reduction policies and schemes such as the Kyoto Protocol & COP15 treaty have been reached and put in place. However, not all countries...

the built environment. The planned successor to this CRC – the Sustainable Built Environment Centre will further progress environmental sustainability for the built environment as the Centre’s future is confirmed in early 2009. We would like to thank the Senate Committee for the opportunity...

Climate change is becoming increasingly apparent that is largely caused by human activities such as asset management processes, from planning to disposal, of property and infrastructure. One essential component of asset management process is asset identification. The aims of the study are to...

Chapter 1 analyzes hybrid-trigger CAT bonds, a new CAT bond deal that can reduce basis risk and eliminate moral hazard simultaneously. It is the first research that provides analytical evidence on the condition under which the hybrid trigger has lower basis risk. Simulation results support my...

Market approaches to limit CO2e emissions such as carbon taxes and emissions trading schemes (ETSs) aim to avoid dangerous anthropogenic climate change by ascribing a financial cost to emissions. Yet such approaches have failed to establish either emissions limits or carbon prices equal to the...

Drawing on the method developed by Just and Pope (1978, 1979), this paper separately analyzes the marginal contributions of both regular input factors and climate factors to mean output and to production risk in Chinese inland aquaculture. Furthermore, the net change in output following a 1°C...

The purpose of this study is to examine the possible local impacts of cap-and-trade climate policy on agricultural producers in the Northern Plains. This study explicitly considers farmer behavior with respect to agricultural opportunity in carbon offset provision and ability of adaptation to...

The relative cost of carbon emissions reductions across regions depends on whether we measure costby marginal or total cost, private or economy-wide cost, and using market or purchasing power parityexchange rates. If all countries are on the same marginal carbon abatement cost curve then...