The complexity of integrated assessment models (IAMs) prevents the direct appreciation of the impact of uncertainty on …

uncertainty over climate change and its impact, why there is so much uncertainty, and why we will continue to face uncertainty in … the near future. I also explain the policy implications of climate change uncertainty. First, the uncertainty … stronger actions to reduce CO2 emissions. Second, uncertainty interacts with two kinds of irreversibilities. First, CO2 remains …

conditions concerning the structure of uncertainty and preferences, society has an indefinitely large expected loss from high …-making under uncertainty. However, the conditions necessary for the Dismal Theorem to hold are limited and do not apply to a wide …

uncertainty about abatement costs and environmental damages. Such a ‘Rules Treaty’ comprises a scaling factor and a refunding rule …

increases in greenhouse gas concentrations and to reduce emissions of SO2 or CO2 under the continuous-time Knightian uncertainty …. Furthermore, we analyze the effects of increases in Knightian uncertainty on optimal environmental policies and the reservation … value. -- Knightian Uncertainty ; Environmental Policy ; Irreversibilities …

demonstrates a multistage stochastic programming framework for catastrophe modeling with endogenous uncertainty, applied to a … setting with endogenous uncertainty leads to more stringent climate policy recommendations (increasing the CO2 control rate by …

demonstrates a multistage stochastic programming framework for catastrophe modeling with endogenous uncertainty, applied to a … setting with endogenous uncertainty leads to more stringent climate policy recommendations (increasing the CO2 control rate by …

uncertainty about abatement costs and environmental damages. Such a ‘Rules Treaty’ comprises a scaling factor and a refunding rule …