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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 tail...
Persistent link: https://www.econbiz.de/10010305979
, emission and adaptation inputs in the latest default version of the model, PAGE09 v1.7 are described. The scientific and …
Persistent link: https://www.econbiz.de/10010306553
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/10012207887
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 tail...
Persistent link: https://www.econbiz.de/10010309048
The dominant assumption in economic models of climate policy remains that adaptation will be implemented in an optimal … manner. There are, however, several reasons why optimal levels of adaptation may not be attainable. This paper investigates … the effects of suboptimal levels of adaptation, i.e. adaptation restrictions, on the composition and level of climate …
Persistent link: https://www.econbiz.de/10010279563
environment and the economy in the context of climate change. Although it has also long been recognized that adaptation is a … of adaptation in combating climate change. This paper adds to the IAM and climate change literature by explicitly … including adaptation in an IAM, thereby making the trade-offs between adaptation and mitigation visible. Specifically, a …
Persistent link: https://www.econbiz.de/10010312494
in all the simulations after 2025. In a second part of the paper a cost effectiveness analysis of adaptation in Nigeria … agriculture is conducted. Adaptation practices considered are a mix of cheaper soft measures and more costly hard irrigation … adaptation exploiting low cost opportunities. In this case all climate change damages can be offset with a benefit cost ration …
Persistent link: https://www.econbiz.de/10010294279
of adaptation to climate change. In this paper we develop an economic framework for the study of adaptation which allows … us to distinguish between decentralized adaptation by private agents on the one hand and centralized adaptation measures … nascent field of adaptation to climate change requiring further empirical investigation. The economic framework is applied to …
Persistent link: https://www.econbiz.de/10010299185
Adaptation to climate change is gaining increasing relevance in the public debate of climate policy. However, detailed … adaptation in Europe, and in particular Germany, Finland and Italy. Furthermore, a systematic overview on fiscal aspects of … adaptation is provided, with focus on budgetary effects of adaptation in the different impact sectors. Combining cost estimates …
Persistent link: https://www.econbiz.de/10010300743
Some recent papers by Dell et al. (2009) and Dell et al. (2012) (DJO) relating weather and economic outcomes, have delivered meaningful messages with clear implications to the effects of a changing climate. In a nutshell, the authors claim that a 1êC increase in global average temperatures...
Persistent link: https://www.econbiz.de/10011307270