One of the main issues in the climate policy agenda, the timing of abatement efforts, hinges on the uncertainties of climate change risks and technological evolution. We use a stochastic optimization framework and jointly explore these two features. First, we embed in the model future potential...

For a sequential, two-period decision problem with uncertainty and under broad conditions (non-finite sample set, endogenous risk, active learning and stochastic dynamics), a general sufficient condition is provided to compare the optimal initial decisions with or without information arrival in...

We analyze the impact on energy investments stemming from different emission permit classes, by considering permits that are allocated inside the European Emission Trading Scheme and secondary Certified Emission Reduction (sCER) permits originating from the Clean Development Mechanism. One price...

We characterize an optimal hybrid policy for pollutant emissions that includes a permit price ceiling and emission cap in a multi-period model. Previous studies have primarily focused on a hybrid policy of emission regulation that included an emission cap and permit price ceiling in a single...

International attempts have not succeeded in addressing climate change, leaving an even heavier responsibility on countries, firms and people. As tourism is an expanding branch in the world economy, it is crucial to focus on how climate change issues are addressed in this industry as well. This...

This study empirically investigates the relationship between an individual's concern about climate change and one's actions reducing the effects of climate change and intentions to pay for mitigating such effects. Particular emphasis is placed on the role of economic factors that may serve as a...

We examine the roles of the outcome and process dimensions of environmental performance in determining financial performance as measured by Tobin's q. Outcomes refer to the impacts of the firm on the natural environment, while processes are the firm's actions to reduce these outcomes. We focus...

Wind farms have suffered a spectacular growth in Europe in the last few decades. However, future changes in climate could affect the availability of the wind resource in certain regions. This work assesses the capabilities of a Regional Climate Model (WRF) applied at medium-to-high resolution...

In this study, the crop yield response of rainfed crops to climate change was evaluated focusing on the most representative crops in the Guadiana river basin. The quantification of crop yields was performed using a simple soil water balance model framework. The herbaceous crop yields were...

Understanding the changes in reference evapotranspiration under climate change is an important component to improve crop management because it is projected to cause potential effects of crop production. Therefore, detecting the changes in the spatial distribution and temporal trends of reference...