I extend the reduced Greenland ice sheet (GIS) model-module of DICE-GIS (Nordhaus, 2019) by integrating snow-albedo feedback (SAF) and potential tipping of the ice sheet into the resuming DICE-GIS SAF model. This novel model extension allows to quantify the social cost of carbon (SCC) more...

The tightening of climate policies may cause technologies based on fossil fuels to lose value compared to "green" technologies. For firms with significant fossil-based knowledge, this implies that their firm (market) value is at risk. This technological risk is also relevant for financial market...

With the Paris Agreement of 2016, 189 nations signed a legally binding document to keep global warming below 2 C, and to pursue efforts to limit the temperature increase to 1.5 C. It was recognized that this would reduce climate change impacts substantially. All signatories submitted "Intended...

The goal to keep global warming below 2°C implies that many energy-sector assets are at risk of becoming stranded. This paper investigates whether and how investors price in stranded asset risk due to climate policy. We exploit the gradual development of a German climate policy proposal aimed...

Climate policies to keep global warming below 2 degree celsius might render some of the world fs fossil fuels and related infrastructure worthless prior to the end of their economic life time. Therefore, some energy-sector assets are at risk of becoming stranded. This paper investigates whether...

Dealing with the consequences of climate change will put an increasing burden on public and private finances. We use the example of floods in a survey experiment among 8,000 German households to elicit households' preferences for climate adaptation policies. In Germany, as in many countries, we...

Dealing with the consequences of climate change will put an increasing burden on public and private finances. We use the example of floods in a survey experiment among 8,000 German households to elicit households' preferences for climate adaptation policies. In Germany, as in many countries, we...

Im September 2009 ratifizierte Timor-Leste (Osttimor) als letztes von 196 Ländern das αMontreal-Protokoll über Stoffe, die zum Abbau der Ozonschicht führen±. Das Protokoll von 1987 stellt damit das bedeutendste multilaterale Umweltabkommen und die erste internationale Vereinbarung dar, die...

Wälder stellen nicht nur einen umfangreichen Lebensraum zahlreicher Spezies dar, sondern auch eine wichtige Senke für CO2, die weltweit jedoch stark durch Abholzung bedroht ist. Dieser Beitrag zeigt die jährliche Veränderungsrate der Waldflächen im Zeitraum 2000-2005. Es ist erkennbar, dass...