optimal policy design in a context with more than one externality while taking explicitly into account uncertainty surrounding …-focused. Besides uncertainty on the state of the world concerning actual marginal emission damage, we consider the technological … progress through R&D as well as learning-by-doing. A portfolio of three policy instruments is then needed to cope with the …

responsiveness of mitigation to changes in adaptation decreases. Compared to a world without climate catastrophes, risk reduces the …This paper contributes to the normative literature on mitigation and adaptation by analyzing their optimal policy … balance in the context of climate catastrophic risk. The investigation enriches an integrated assessment model introducing the …

characterized by high uncertainty. Hence, far reaching policy implications such as the net zero goal lack a definite scientific …

After twenty years of global negotiations, the world is still far from a comprehensive climate agreement. The "top … incompatibility with other domestic policy objectives. Linkage, thus, may be an important political instrument and learning process … policy architecture still requires close international coordination with a balance of "bottom-up" and "top-down" elements …