that stochastic technology growth hardly affects the optimal bundle of mitigation and adaptation whereas uncertainty about … that including uncertainty into the model tends to favour (long-lasting) mitigation with respect to (instantaneous …

We document that climate uncertainty negatively affects corporate investment. The effect is more pronounced for firms … using an instrumental variable approach and to using alternative climate uncertainty measure. Further, we find that climate … adaptation plans mitigate the negative effects of climate uncertainty on corporate investment. We establish this result using the …

Uncertainty is ubiquitous in environmental economics: the field studies interactions between socio-economic and … pervasive uncertainty is best modeled as ambiguity rather than risk, as a set of situations where multiple prior probability …

, clean technological progress, as well as uncertainty about climatic and economic factors, lead to lower emissions and … relative to a 'straw man' model with perfect capital mobility, fixed abatement costs and no uncertainty. …