Narrow search
Showing 1 - 10 of 4,958
Cover Image
Adaptation to catastrophic events with two layers uncertainty : central planner perspective
Bondarev, Anton; Krysiak, Frank C. - 2018
We study the optimal adaptation to extreme climate events by the central government in a setup where events are dynamically uncertain and the government does not know the true probabilities of events. We analyze different policy decision rules minimizing expected welfare losses for sites with...
Persistent link: https://www.econbiz.de/10011806379
Cover Image
Individual adaptation to climate change : the role of information and perceived risk
Osberghaus, Daniel; Finkel, Elyssa; Pohl, Max - 2010
In der Klimapolitik gibt es zwei grundlegende Handlungsstränge - Vermeidung und Anpassung. Vermeidung beschreibt alle …. Anpassung beinhaltet dagegen die Reaktion auf die beobachtbaren oder erwarteten Auswirkungen des Klimawandels, um Schäden zu … verringern oder potenzielle Vorteile zu nutzen. Aus ökonomischer Sicht kann Anpassung, im Gegensatz zu den meisten …
Persistent link: https://www.econbiz.de/10008660634
Cover Image
Individual Adaptation to Climate Change : The Role of Information and Perceived Risk
Osberghaus, Daniel - 2010
Given that many of the predicted effects of climate change are considered imminent and unavoidable, the need to mainstream adaptation as a viable coping measure among private households is becoming a topic of increasing importance. However, little research to date has assessed the factors...
Persistent link: https://www.econbiz.de/10013138305
Cover Image
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
Cover Image
Adapting to climate change : an analysis under uncertainty
García-León, David - 2016
Climate change is a phenomenon beset with major uncertainties and researchers should include them in Integrated Assessment Models. However, including further dimensions in IAM models comes at a cost. In particular, it makes most of these models suffer from the curse of dimensionality. In this...
Persistent link: https://www.econbiz.de/10011451547
Cover Image
Closed-form integrated assessment and uncertainty
Traeger, Christian - 2015
The paper derives the optimal carbon tax in closed-form from an integrated assessment of climate change. The formula shows how carbon, temperature, and economic dynamics quantify the optimal mitigation effort. The model's descriptive power is comparable to numeric models used in policy advising....
Persistent link: https://www.econbiz.de/10011305430
Cover Image
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 general framework that can cope with various forms of uncertainty, it is shown that the response of the consumption discount rate to a change in risk aversion depends on some...
Persistent link: https://www.econbiz.de/10010221085
Cover Image
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
Cover Image
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 general framework that can cope with various forms of uncertainty, it is shown that the response of the consumption discount rate to a change in risk aversion depends on some...
Persistent link: https://www.econbiz.de/10010231715
Cover Image
Optimal climate policy with fat-tailed uncertainty : what the models can tell us
De Bruin, Kelly C.; Krishnamurthy, Chandra Kiran - 2021
We present a modification of the most commonly used integrated assessment model (IAM) of climate change (DICE-2016), AD-DICE2016, which is designed to address three key aspects of climateeconomy models: treatment of uncertainty, the use of more appropriate utility functions, and including...
Persistent link: https://www.econbiz.de/10012510301