Investors sometimes have strong convictions that a distinctive economic regime will prevail in the period ahead and therefore would like to form a portfolio that reflects the expected returns, standard deviations, and correlations of assets during such a regime. To do so, they typically isolate...

We show that, in a model without commitment to future policies, geoengineering breakthroughs can have adverse environmental and welfare effects because they change the (equilibrium) carbon taxes. In our model, energy producers emit carbon, which creates a negative environmental externality, and...

In this working paper, the biophysical factors and socio-economic conditions that led to Land Use and Land Cover Changes (LULC) and land degradation in Burkina Faso are reviewed. It is found that the country is densely populated and population continues to rise at a rate of more than 3% a year....

The Sahel is one of the most vulnerable regions to climate change in the world. Located in the central part, Niger is facing many complex and interconnected challenges which strongly hinder the achievement of the key sustainable development goals (SDGs). The high population growth rate (3.8% per...

This review report involves the analysis and synthesis of literatures on climate change, land use, energy, livelihoods and sustainable development in Nigeria. The methodology employed in the review involves searching keywords related to the study objectives on relevant literature search engines...

Located in West Africa, Senegal is classified as a least-developed country that has historically had political stability and slow economic growth compared to the rest of Sub-Saharan Africa (SSA). However, from 2012 onward, a new government has adopted new policies (infrastructure investments,...

Sudan is situated in Sub-Saharan Africa, covering an area of about 1.9 million km2 and has a population of 43 million. It is regarded as one of the countries in the world where human development is least advanced with a poverty rate of about 46%. Sudan's economy is based on agriculture, which...

Investors typically measure an asset’s potential to diversify a portfolio by its correlations with the portfolio’s other assets, but correlation is useful only if it provides a good estimate of how an asset’s returns co-occur cumulatively with the other asset returns over the investor’s...

We present a modification of the most commonly used integrated assessment model (IAM) of climate change (DICE-2016), AD-DICE2016, which is designed to address three key aspects of climateeconomy models: treatment of uncertainty, the use of more appropriate utility functions, and including...

Assets in the fossil fuel industries are at risk of losing market value due to anticipated breakthroughs in renewable technology and governments stepping up climate policies in the light of the Paris commitments to limit global warming to 1.5 or 2 degrees Celsius. Stranded assets arise due to...