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Climate engineering under deep uncertainty and heterogeneity
Emmerling, Johannes; Manoussi, Vassiliki; Xepapadeas, … - 2016
Climate Engineering, and in particular Solar Radiation Management (SRM) has become a widely discussed climate policy option to study in recent years. However, its potentially strategic nature and unforeseen side effects provide major policy and scientific challenges. We study the role of the SRM...
Persistent link: https://www.econbiz.de/10011546706
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Adapting to climate change : an analysis under uncertainty
García-León, David - 2016
composition of the optimal mix as both persuade the risk-averse social planner to invest more in mitigation. Overall, we identify …
Persistent link: https://www.econbiz.de/10011451547
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A simple framework for climate-change policy under model uncertainty
Athanasoglou, Stergios; Bosetti, Valentina; Drouet, Laurent - 2016
We propose a novel framework for the economic assessment of climate-change policy. Our main point of departure from existing work is the adoption of a "satisficing", as opposed to optimizing, modeling approach. Along these lines, we place primary emphasis on the extent to which different...
Persistent link: https://www.econbiz.de/10011614242
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Closed-form integrated assessment and uncertainty
Traeger, Christian - 2015
-form expressions of welfare loss from shocks and epistemological uncertainty identify the interaction of (intertemporal) risk attitude …
Persistent link: https://www.econbiz.de/10011305430
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Three prongs for prudent climate policy
Aldy, Joseph E.; Zeckhauser, Richard - 2020 - April 3, 2020 draft
Persistent link: https://www.econbiz.de/10012225686
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Strategic interactions and uncertainty in decisions to curb greenhouse gas emissions
Insley, Margaret; Snoddon, Tracy R.; Forsyth, Peter A. - 2018 - This version: June 1, 2018
Persistent link: https://www.econbiz.de/10011863663
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Accounting for different uncertainties : implications for climate investments?
Hector, Svenja - 2013
The paper clarifies the link between changes in risk aversion and the effect on the consumption discount rate. In a … rate to a change in risk aversion depends on some fundamental properties of the considered uncertainties. The application … of this general result to specific forms of uncertainty extends existing results to more general forms of risk and yields …
Persistent link: https://www.econbiz.de/10010221085
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Modelling outcome-related risk in choice experiments
Glenk, Klaus; Colombo, Sergio; Burton, Michael P. - In: The Australian journal of agricultural and resource … 57 (2013) 4, pp. 559-578
Persistent link: https://www.econbiz.de/10010199030
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On welfare frameworks and catastrophic climate risks
Millner, Antony - 2013
Recent theoretical work in the economics of climate change has suggested that climate policy is highly sensitive to "fat-tailed" risks of catastrophic outcomes (Weitzman, 2009b). Such risks are suggested to be an inevitable consequence of scientific uncertainty about the effects of increased...
Persistent link: https://www.econbiz.de/10010199723
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Prospect theory, mitigation and adaptation to climate change
Osberghaus, Daniel - 2013
Climate change is one of the most pressing challenges in current environmental policy. Appropriate policies intended to stimulate efficient adaptation and mitigation should not exclusively rely on the assumption of the homo oeconomicus, but take advantage of well-researched alternative...
Persistent link: https://www.econbiz.de/10010203467