that stochastic technology growth hardly affects the optimal bundle of mitigation and adaptation whereas uncertainty about … composition of the optimal mix as both persuade the risk-averse social planner to invest more in mitigation. Overall, we identify … 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 …

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

' perspective and aims to create a higher awareness of companies' risk drivers when it comes to specific challenges of different …´ perspective on climate-related risk-drivers, comprising i) changes in regulation, ii) changes in physical climate parameters and … related risks for companies. Furthermore, the results also facilitate a comparison of risk drivers between and within sectors …

Climate change related risks impact and challenge the private sector in many different ways. This also applies to risk … drivers like a companies' reputation and a changing consumer behavior. Since significant risk drivers for companies differ … just as much as companies themselves, a sector specific guideline to evaluate possible climate change related risk drivers …

uncertainty over climate change and its impact, why there is so much uncertainty, and why we will continue to face uncertainty in … the near future. I also explain the policy implications of climate change uncertainty. First, the uncertainty … stronger actions to reduce CO2 emissions. Second, uncertainty interacts with two kinds of irreversibilities. First, CO2 remains …