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information structure of climate change and to thereby ask new types of questions about climate change policy …
Persistent link: https://www.econbiz.de/10012967621
adjust the carbon price if new information reveals. However, as CCfDs hedge the firms’ revenues, they might safeguard …
Persistent link: https://www.econbiz.de/10012799430
The social rate of discount is a crucial driver of the social cost of carbon (SCC), i.e. the expected present discounted value of marginal damages resulting from emitting one ton of carbon today. Policy makers should set carbon prices to the SCC using a carbon tax or a competitive permits...
Persistent link: https://www.econbiz.de/10012249287
Greenhouse gas policies confront the trade-off between the costs of reducing emissions and the benefits of avoided climate change. The risk of uncertain and potentially irreversible catastrophes is an important issue related to the latter, and one that has not yet been well incorporated into...
Persistent link: https://www.econbiz.de/10011290817
I analyze the marginal value of reducing greenhouse gas emissions (the "social cost of carbon") under uncertainty about warming, under uncertainty about how much warming reduces consumption, and under stochastic shocks to consumption growth. I theoretically demonstrate that each of these sources...
Persistent link: https://www.econbiz.de/10012856351
Greenhouse gas policies confront the trade-off between the costs of reducing emissions and the benefits of avoided climate change. The risk of uncertain and potentially irreversible catastrophes is an important issue related to the latter, and one that has not yet been well incorporated into...
Persistent link: https://www.econbiz.de/10013019654
Methane abatement and geoengineering have a short-lived effect on temperature compared with carbon abatement. Different optimal tax paths for these actions arise in a cost-benefit framework with an unknown temperature threshold where severe and irreversible climate impacts, called a tipping...
Persistent link: https://www.econbiz.de/10012863680
In diesem Diskussionspapier werden die Ergebnisse einer im Mai/Juni 2007 durchgeführten Unternehmensbefragung im Raum Niedersachsen vorgestellt in Bezug auf die Fragestellung, ob sich Unternehmen, die Innovationsförderung erhalten, von nicht geförderten Unternehmen in Bezug auf generelle...
Persistent link: https://www.econbiz.de/10010266853
-focused information about the effects of climate change influences the personal perceived risk (PPR) of individual people. Based on a … information on climate change effects that is more personally relevant to the individual and is concerned with his local … comparably low severity of predicted effects in the study region. Interestingly, providing any kind of information, irrespective …
Persistent link: https://www.econbiz.de/10013138305
-focused information about the effects of climate change influences the personal perceived risk (PPR) of individual people. Based on a … information on climate change effects that is more personally relevant to the individual and is concerned with his local … comparably low severity of predicted effects in the study region. Interestingly, providing any kind of information, irrespective …
Persistent link: https://www.econbiz.de/10008660634