The objective of this paper is to examine preferences of citizens of three European countries regarding various adaptation plans and measures to limit damages from drought under climate changes. For this purpose, we conducted a survey in the Czech Republic, Italy, and the United Kingdom. We...

While there is a considerable debate regarding the choice of proper discount rates for assessing climate change projects and policies, only a tiny body of literature emphasizes “what to discount”. Usually, climate change economic assessments rely on tools and methods that employ strong...

This paper considers the problem of how a government, having decided to reduce greenhouse gas emissions, identifies the policy or mix of policies that achieves this reduction at the lowest possible net economic cost. This involves accounting for the fact that each potential policy for reducing...