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of the biggest challenges for economic modeling is the inherent uncertainty of climate events, which crucially affects …
Persistent link: https://www.econbiz.de/10010888318
.  One of the biggest challenges for economic modeling is the inherent uncertainty of climate events, which crucially affects …
Persistent link: https://www.econbiz.de/10011183192
more stringent climate policies for a realistic world with uncertainty compared to the certainty-equivalent case. We extend …
Persistent link: https://www.econbiz.de/10011161250
Climate physics predicts that the intensity of natural disasters will increase in the future due to climate change. We present a stochastic model of a growing economy where natural disasters are multiple and random, with damages driven by the economy’s polluting activity. We provide a...
Persistent link: https://www.econbiz.de/10011082827
of the biggest challenges for economic modeling is the inherent uncertainty of climate events, which crucially aects …
Persistent link: https://www.econbiz.de/10011071723
This paper discusses structure, impact, costs, and efficiency of renewable energy supply in the eight largest advanced economies (the G-7 plus Spain), with focus on Germany. Renewables production costs are compared to benefits, defined as reductions in net carbon emissions; technological...
Persistent link: https://www.econbiz.de/10005605334
Revised July 2011James K. Boyce and Matthew Riddle have updated earlier anlysis that examines the household-level impacts of a cap-and-dividend plan, and how they differ between states. In this paper, the authors not only consider the specific parameters of the 2010 CLEAR Act, but also add an...
Persistent link: https://www.econbiz.de/10011095207
To avoid dangerous changes to the climate system, the global mean temperature must not rise more than 2 °C from the 19th century level. The German Advisory Council on Global Change recommends maintaining the rate of change in temperature to within 0.2 °C per decade. This paper supposes that...
Persistent link: https://www.econbiz.de/10010994758
We highlight that uncertainty about climate damages and the fact that damages will be distributed heterogeneously … across the global population can jointly be an argument for substantially stricter climate policy even if uncertainty and … effect of uncertainty and heterogeneity and thus admit weaker climate policy. Insurance provides more efficient risk sharing …
Persistent link: https://www.econbiz.de/10010862830
frameworks and techniques for analyzing climate policy in the context of uncertainty. This paper will give an overview of …
Persistent link: https://www.econbiz.de/10008520164