optimal policy balance in the context of catastrophic climate risk. The analysis uses the WITCH integrated assessment model … with a module that models the endogenous risk of experiencing an economic catastrophe if temperature increases above a … certain threshold. We find that the risk of a catastrophic outcome would encourage countries to reduce emissions even in the …

insurance may help realize the goal of mitigating catastrophe risk and the following losses. I explore five regulatory tools … — risk-based pricing, contract design, loss prevention services, claim management, and refusal to insure — used by … could have a significant effect on risk mitigation. Finally, I discuss the possibility and feasibility of regulation by …

balance in the context of climate catastrophic risk. The investigation enriches an integrated assessment model introducing the … caused by GHG emissions, and ultimately abatement choices. Results indicate that the presence of catastrophic risk induces … responsiveness of mitigation to changes in adaptation decreases. Compared to a world without climate catastrophes, risk reduces the …

sectors via the destruction of capital stocks and jumps in risk premia. These disruptions often entail negative feedback … effects on the macroeconomy. Research on disaster risks has also actively been pursued in the macroeconomic models of climate … change. Our paper uses insights from the former work to study disaster risks in the macroeconomics of climate change and to …