the resulting warming over the next decades and centuries highly uncertain. We quantify how this uncertainty changes the … making under uncertainty. It clarifies the distinct roles of risk aversion, prudence, characteristics of the damage … formulation, and future policy response. We show that an optimal response to uncertainty substantially reduces the risk premium. …

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 …