Integrated assessment modeling studies the nexus between the systems of climate and economy, both known for their high complexity and vast uncertainty. One key question is how sensitive climate policy inference produced by such models is to the uncertainty in their initial assumptions and the...

The complexity of integrated assessment models (IAMs) prevents the direct appreciation of the impact of uncertainty on the model predictions. However, for a full understanding and corroboration of model results, analysts might be willing, and ought to identify the model inputs that influence the...

This paper provides theoretical and empirical insights on the extent to which the availability of carbon offsetting may substitute the individual use of other carbon-reducing measures. Theoretically, we demonstrate an ambiguous impact of offsetting on the use of other measures and derive...