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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 …
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This working paper analyses the nature of international adaptation finance received in Kenya and Tanzania, with … Kenya received USD 3.3 billion. In each country, the research team selected the most valuable projects that together … management of the funds. Given Kenya's greater emphasis on devolution, its fiscal strengths, and the autonomy of its counties …
Persistent link: https://www.econbiz.de/10013488613
-form expressions of welfare loss from shocks and epistemological uncertainty identify the interaction of (intertemporal) risk attitude … is comparable to numeric models used in policy advising. Uncertainty surrounding climate change remains large. The closed …, distributional moments, and the climatic shadow values. Welfare gains from reducing uncertainty about temperature feedbacks are much …
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of this general result to specific forms of uncertainty extends existing results to more general forms of risk and yields …The paper clarifies the link between changes in risk aversion and the effect on the consumption discount rate. In a … general framework that can cope with various forms of uncertainty, it is shown that the response of the consumption discount …
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