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" technologies. For firms with significant fossil-based knowledge, this implies that their firm (market) value is at risk. This … technological risk is also relevant for financial market actors, in particular institutional investors following long … count data model and explores whether institutional investors address technological transition risk via engagement …
Persistent link: https://www.econbiz.de/10012550085
carry a very high risk for systems such as the Arctic sea ice and coral reefs. For a warming of 3 C above pre … high risk for abrupt and irreversible changes ("tipping points"), such as the melting of the Greenland ice sheet and the …
Persistent link: https://www.econbiz.de/10012518089
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"This book brings together diverse perspectives concerning uncertainty and climate change in India. Uncertainty is a …" for scientists and policymakers, resulting in highly debated and disputed decision-making. The book focuses on India, one …, history, and ecology, the book argues for plural and socially just ways to tackle climate change in India and beyond." …
Persistent link: https://www.econbiz.de/10012643439
stimulate efficient adaptation and mitigation should not exclusively rely on the assumption of the homo oeconomicus, but take … outcomes. This paper systematically reviews what prospect theory can offer to analyse mitigation and adaptation. It is shown …-known puzzles in the climate debate, including (but not limited to) the different uptake of mitigation and adaptation amongst …
Persistent link: https://www.econbiz.de/10010203467
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 …
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uncertainty into Integrated Assessment Models (IAMs). Uncertainty is transformed into a risk-premium, damage-correction, region …. This risk premium quantifies what society would be willing to pay to insure against the uncertainty of the damages, and it … highly sensitive to the coefficient of relative risk aversion. Once the climate change damage function incorporates the risk …
Persistent link: https://www.econbiz.de/10011451668