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discounting, it mis-estimated climate risk, possibly hugely. Given the uncertainty about estimating the SCC, the note concludes by …This note considers the treatment of risk and uncertainty in the recently established social cost of carbon (SCC) for …
Persistent link: https://www.econbiz.de/10010309048
discounting, it mis-estimated climate risk, possibly hugely. Given the uncertainty about estimating the SCC, the note concludes by … that very target. -- Ambiguity ; climate change ; discounting ; integrated assessment modelling ; risk ; social cost of …This note considers the treatment of risk and uncertainty in the recently established "social cost of carbon" (SCC) for …
Persistent link: https://www.econbiz.de/10009238751
discounting, it mis-estimated climate risk, possibly hugely. Given the uncertainty about estimating the SCC, the note concludes by … that very target. -- ambiguity ; climate change ; discounting ; integrated assessment modelling ; risk; social cost of …This note considers the treatment of risk and uncertainty in the recently established "social cost of carbon" (SCC) for …
Persistent link: https://www.econbiz.de/10009544394
discounting, it mis-estimated climate risk, possibly hugely. Given the uncertainty about estimating the SCC, the note concludes by …This note considers the treatment of risk and uncertainty in the recently established social cost of carbon (SCC) for …
Persistent link: https://www.econbiz.de/10010954737
discounting, it mis-estimated climate risk, possibly hugely. Given the uncertainty about estimating the SCC, the note concludes by …This note considers the treatment of risk and uncertainty in the recently established social cost of carbon (SCC) for …
Persistent link: https://www.econbiz.de/10009246865
-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 …
Persistent link: https://www.econbiz.de/10011305430
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 …
Persistent link: https://www.econbiz.de/10012225170
intergenerational inequality aversion and for risk aversion. If growth increases (reduces) intra-generational inequality, the SDR is …
Persistent link: https://www.econbiz.de/10013206181
The Ramsey rule for the consumption rate of discount assumes a transfer of money of a (representative) agent at one point in time to the same agent at another point in time. Climate policy (implicitly) transfers money not just over time but also between agents. I propose three alternative...
Persistent link: https://www.econbiz.de/10011384321
Persistent link: https://www.econbiz.de/10010191276