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This paper is a revised version of: "https://ssrn.com/abstract=2667972" https://ssrn.com/abstract=2667972.The Analytic Climate Economy (ACE) closes a gap between analytic climate change assessments and quantitative numeric integrated assessment models (IAMs) used in policy advising. Its...
Persistent link: https://www.econbiz.de/10012896033
We analyse optimal abatement and carbon pricing strategies under a variety of economic, temperature and damage risks. Economic growth, convex damages and temperature-dependent risks of climatic tipping points lead to higher growth rates, but gradual resolution of uncertainty lowers them. For...
Persistent link: https://www.econbiz.de/10012545087
We analyse optimal abatement and carbon pricing strategies under a variety of economic, temperature and damage risks. Economic growth, convex damages and temperature-dependent risks of climatic tipping points lead to higher growth rates of carbon prices, but gradual resolution of uncertainty...
Persistent link: https://www.econbiz.de/10012515093
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
GDP is then used to shock a global Input-Output (IO) model so that the propagation of the initial shock to country …-sectors around the world becomes observable. The findings suggest that direct GDP loss estimates can severely underestimate the …
Persistent link: https://www.econbiz.de/10014558794
This study assesses the global economic consequences of climate-related risk in three broad areas: (1) the macroeconomic impacts of physical climate risk due to chronic climate change associated with global temperature increases and climate-related extreme shocks; (2) the macroeconomic effects...
Persistent link: https://www.econbiz.de/10013235452
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of these events. Using theory and simulations we study the implications of the imminent threat of climate change on …
Persistent link: https://www.econbiz.de/10014108526
these events. Using theory and simulations we study the implications of the imminent threat of climate change on different …
Persistent link: https://www.econbiz.de/10011962146