Rokua in Northern Finland is a groundwater dependent ecosystem very sensitive to climate change and natural variability. As such, the water level of most of the lakes is a function of the level of the groundwater table of the esker which is naturally recharged. The management of an ecosystem...

Uncertain, yet persistent, real rates of return to capital underpin one argument for using a declining schedule of social discount rates. Yet persistency is only present in approximately the first three-quarters of the time-series of US Treasury bond yields used by Newell and Pizer [37] to...

The purpose of this paper is to identify the changes in the impact of energy shocks on economic activity � with an interest in assessing if an economy�s vulnerability and resilience to shocks improved with economic development. Using data on the United Kingdom over the last three...

Multi-year insurance has been proposed as a tool to incentivise policyholders to invest in propertylevel adaptation. In a world of rising natural catastrophe risks, such autonomous adaptations could have significant benefits for the property-owner, the insurer and society. We review the...

We use a novel experimental design to isolate warm glow and measure its extent in an auction that contributes the revenues by highest bidders to a charity. A sample of consumers bid to upgrade an agricultural product from a river basin that is not in good ecological status. Charitable donations...

We analyse the role of risk mitigating strategies upon the willingness to adopt a marine PES scheme in fishing households. More specifically we focus on the role income diversification and social capital can play. We find that income diversification and three social capital variables (trust,...

Policy interventions designed to simultaneously stem deforestation and reduce poverty in tropical countries entail complex socio-environmental trade-offs. A hybrid model, comprising an optimising, agricultural household model integrated into the �shell� of an agent-based model, is...

This paper examines the relative influence of domestic and foreign renewable energy policies on innovation activity in wind power using patent data from OECD countries from 1994 to 2005. We distinguish between the impact of demand-pull policies (e.g., guaranteed tariffs, investment and...

This article introduces a new methodology to estimate climate exposure at the household�s level with the standardized precipitation evapotranspiration index (SPEI) as its building block. As the probability distribution of the SPEI is known, one can easily recover the marginal probability...

As an increasing number of countries, regions, cities and states implement emission trading policies to limit cap CO2 emission, many turn to the experience of the European Union�s Emissions Trading System, as the largest greenhouse gas emissions trading system currently operating. The aim...