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The purpose of the present paper is to describe the role of uncertainty and technical change in an environmental … context. Which impact does ecological uncertainty have on physical and R&D investments' decisions? How are pollution … trajectories modified when uncertainty is taken into account? To reply to these questions we modify the ETC-RICE model described in …
Persistent link: https://www.econbiz.de/10014124481
The Bali Roadmap marks a milestone in the process of international consensus building, setting forth a multilateral legal framework to address climate change. Delegates at the UN Climate Change Conference in Bali (Dec. 3-15 2007) launched a two-year process with a comprehensive agenda and 2009...
Persistent link: https://www.econbiz.de/10012751577
Global energy demand is likely to increase by 45 percent by 2030. Climate change will threaten existing employment and necessitate new green jobs. Funding has gone towards such renewable energy technologies as wind and solar; such fuel economy options as second-generation hybrids, plug-in...
Persistent link: https://www.econbiz.de/10012753535
The World Economic Forum recognizes that while restrictions on energy affect water systems and vise versa, energy and water policy are rarely coordinated. The International Panel on Climate Change predicts that wet places will become wetter and dry places will become dryer. Transboundary water,...
Persistent link: https://www.econbiz.de/10014196020
Climate cooperation increasingly looks like individuals reaching out beyond traditional interactions to expand new networks, work with others to spot patterns, and take initiative to learn new complex systems; adapt these shared insights into new solutions; develop empathy, patience, and...
Persistent link: https://www.econbiz.de/10014159727
expect to gain or lose from Brexit and which are most affected by Brexit uncertainty. We then estimate effects of the … different types of Brexit exposure on firm-level outcomes. We find that the impact of Brexit- related uncertainty extends far … beyond British or even European firms; US and international firms most exposed to Brexit uncertainty lost a substantial …
Persistent link: https://www.econbiz.de/10012843867
for uncertainty regarding economic damages per additional warming degree and uncertainty over the temperature response … from doubling atmospheric CO2. Coupled with consumption preferences that explain better optimal mitigation policy under … uncertainty, due to the separation of aversion to intergenerational inequality and aversion to risk, this analysis elucidates the …
Persistent link: https://www.econbiz.de/10012910169
contain the spread of the virus and mitigate the global economic impact; nevertheless, uncertainty skyrocketed and dominated … the world economy. In this paper, we examine the relationship between government intervention and economic uncertainty … economic uncertainty during the first nine months of the pandemic reacted more to government intervention than to the number of …
Persistent link: https://www.econbiz.de/10013231507
We propose a text-based method for measuring and analyzing the international propagation of uncertainty shocks at the … firm level. We apply this method to estimate the impact of Brexit-related uncertainty and find widespread reverberations on … listed firms in 81 countries. International firms most exposed to Brexit uncertainty not only significantly lost market value …
Persistent link: https://www.econbiz.de/10013238604
Information frictions are often invoked to explain low levels of international trade beyond those that measured trade frictions (tariffs, transportation costs, etc.) can explain. But to explain why international trade is lower then domestic trade, home firms have to know something that...
Persistent link: https://www.econbiz.de/10013033042