Drawing upon climate change damage functions previously proposed in the literature that we have calibrated to a common level of damages at 2.5 C, we examine the effect upon the social cost of carbon (SCC) of varying the specification of damages in a DICE-like integrated assessment model. In the...

Financing the transition to low-carbon economic development must be the focus of any framework to encourage developing countries' participation in the global carbon market. It needs to do so with the aim of eventual full participation in carbon markets while maintaining the core market's...

Drawing upon climate change damage functions previously proposed in the literature that we have calibrated to a common level of damages at 2.5 C, we examine the effect upon the social cost of carbon (SCC) of varying the specification of damages in a DICE-like integrated assessment model. In the...

Drawing upon climate change damage specifications previously proposed in the literature that the authors have calibrated to a common level of damages at 2.5 C, the authors examine the effect upon the social cost of carbon (SCC) of varying damage specifications in a DICE-like integrated...

Angenommen, Sie hätten ein zehnprozentiges Risiko, bei einem Verkehrsunfall ums Leben zu kommen. Oder Sie hätten ein ebenso hohes Risiko, grossen finanziellen Schaden zu erleiden. Wahrscheinlich würden Sie alles daransetzen, eine solche Katastrophe abzuwenden. Richtig? Warum unternehmen wir...