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We show that several of the most important economic models of climate change produce climate dynamics inconsistent with the current crop of models in climate science. First, most economic models exhibit far too long a delay between an impulse of CO2 emissions and warming. Second, few economic...
Persistent link: https://www.econbiz.de/10012171780
problems. In an attempt to advance in the modelling of adaptation within IAM models, we apply this methodology to shed some … light on how the optimal balance between mitigation and adaptation changes under different stochastic scenarios. We find … that stochastic technology growth hardly affects the optimal bundle of mitigation and adaptation whereas uncertainty about …
Persistent link: https://www.econbiz.de/10011451547
This paper combines an econometric analysis of the response of energy demand to temperature and humidity exposure with future scenarios of climate change and socioeconomic development to characterize climate impacts on energy demand at different spatial scales. Globally, future climate change is...
Persistent link: https://www.econbiz.de/10011451591
public climate adaptation. Specifically, we distinguish three dimensions of public adaptation: extent, structure (form and … voters, pressure groups, bureaucrats and politicians may bias adaptation decisions. Thus, we indicate specific barriers to … efficient public adaptation. Based on this framework, we illustrate how Germany's response to major flood disasters reflects the …
Persistent link: https://www.econbiz.de/10011455349
climate change. This is despite substantial adaptation having taken place in general equilibrium through R&D and agricultural …
Persistent link: https://www.econbiz.de/10012134228
climate change. This is despite substantial adaptation having taken place in general equilibrium through R&D and agricultural …
Persistent link: https://www.econbiz.de/10012138747
We study adaptation to climate change in a federalist setting. To protect themselves against an increase in flood risk …, regional governments choose among adaptation measures that vary with respect to their costs, the level of protection they offer … response to specific proposals. If it has to deduce the vulnerability of regions by their actions, the resulting adaptation …
Persistent link: https://www.econbiz.de/10011616351
sizeable and should motivate for action in terms of both mitigation and consideration and funding of potential adaptation …
Persistent link: https://www.econbiz.de/10010511214
Some recent papers by Dell et al. (2009) and Dell et al. (2012) (DJO) relating weather and economic outcomes, have delivered meaningful messages with clear implications to the effects of a changing climate. In a nutshell, the authors claim that a 1°C increase in global average temperatures...
Persistent link: https://www.econbiz.de/10010517704
climate change now involves both mitigation to address the cause and adaptation as a response to already ongoing or expected … here is, whether adaptation options will be implemented voluntarily by companies or not. The paper argues that this has to …
Persistent link: https://www.econbiz.de/10010426488