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Irreversibilities and the optimal timing of environmental policy under Knightian uncertainty
Asano, Takao - 2005
In this paper, we consider a problem in environmental policy design by applying optimal stopping rules. The purpose of this paper is to analyze the optimal timings at which the government should adopt environmental policies to deal with increases in greenhouse gas concentrations and to reduce...
Persistent link: https://www.econbiz.de/10010332424
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Climate change and event uncertainty in a dynamic model with overlapping generations
Moretto, Michele; Tamborini, Roberto - 1997
In this paper the climate change effect is an unforeseen earth temperature level above which a negative externality on technology and hence on society's welfare is exerted. We use a dynamic overlapping generations model to develop a positive analysis of the growth path of an economy with the...
Persistent link: https://www.econbiz.de/10011608278
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Short-term decisions under long-term uncertainty
Tol, Richard S. J. - 1997
The behaviour of future policy-makers substantially influences future greenhouse gas emissions. Uncertainty about the motives of future policy-makers may thus strongly influence the climate policy strategies of current policy-makers. Analytical and numerical analyses in this paper confirm this...
Persistent link: https://www.econbiz.de/10011608362
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Taxes and Quotas for a Stock Pollutant with Multiplicative Uncertainty
Hoel, Michael; Karp, Larry - 1999
We compare taxes and quotas when firms and the regulator have asymmetric information about abatement costs. Damages are caused by a stock pollutant. Uncertainty enters multiplicatively, i.e. it affects the slope rather than the intercept of abatement costs. We calibrate the model using cost and...
Persistent link: https://www.econbiz.de/10011608479
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Dynamic uncertainty and global warming risk
Bosello, Francesco; Moretto, Michele - 1999
When economic agents decide their optimal environmental behavior, they have to take into account non continuos evolutionary trends and irreversible changes characterising environmental phenomena. Given the still non perfect biophysical and economic knowledge, decisions have to be taken in an...
Persistent link: https://www.econbiz.de/10011608543
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Global warming, uncertainty and endogenous technical change: Implications for Kyoto
Castelnuovo, Efrem; Moretto, Michele; Vergalli, Sergio - 2001
The purpose of the present paper is to describe the role of uncertainty and technical change in an environmental context. Which impact does ecological uncertainty have on physical and R&D investments' decisions? How are pollution trajectories modified when uncertainty is taken into account? To...
Persistent link: https://www.econbiz.de/10011608823
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Current developments in green finance
Liebich, Lena; Nöh, Lukas; Rutkowski, Felix; Schwarz, … - 2020
The transformation of economies towards significantly reduced CO2 consumption raises high investment and capital requirements. Financial and capital markets can help to mobilize the necessary funds for global investment needs and to steer capital towards sustainable investments. Moreover,...
Persistent link: https://www.econbiz.de/10012290036
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A Simple Model for Trading Climate Risk
Chaumont, Sébastien; Imkeller, Peter; Müller, Matthias; … - In: Vierteljahrshefte zur Wirtschaftsforschung 74 (2005) 2, pp. 175-195
, sind finanzielle Risikoquellen, die zu unvollständigen Märkten führen. Um so ein Risiko handelbar zu machen, nutzen wir ein … Meeresoberflächentemperatur. Dann betrachten wir einen Fischer und einen Farmer, die El Niño- Risiko ausgesetzt sind, sowie eine Bank, die diesem … Risiko nicht ausgesetzt ist. Durch Simulation ihrer optimalen Investitionen in den Klimaindex erhalten wir einen ersten …
Persistent link: https://www.econbiz.de/10010377711
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Raumentwicklung im Klimawandel: Herausforderungen für die räumliche Planung
Birkmann, Jörn (contributor); Vollmer, Maike (contributor);  … - 2013
Der Klimawandel betrifft in vielfältiger Weise die Strukturen, Funktionen und Nutzungen von Räumen und führt deshalb zu zusätzlichen Anforderungen an die räumliche Planung. Der vorliegende Band beschreibt einerseits die wesentlichen Wirkungszusammenhänge zwischen den erwarteten...
Persistent link: https://www.econbiz.de/10010420546
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Klimaresilienz durch Agrobiodiversität? Literaturstudie zum Zusammenhang zwischen Elementen der Agrobiodiversität und der Empfindlichkeit von landwirtschaftlichen Produktionssystem...
Petersen, Ute; Weigel, Hans-Joachim - 2015
Im globalen und regionalen Kontext wird wiederholt auf eine Diversifizierung der Agrarproduktion von der genetischen über die Betriebs- bis hin zur Landschaftsebene als eine entscheidende Maßnahme zur Anpassung an den Klimawandel hingewiesen. Allgemein bekannt ist, dass für die züchterische...
Persistent link: https://www.econbiz.de/10010512991