, clean technological progress, as well as uncertainty about climatic and economic factors, lead to lower emissions and … relative to a 'straw man' model with perfect capital mobility, fixed abatement costs and no uncertainty. …

. Uncertainty about the future rate of growth of the economy and emissions and the risk of macroeconomic disasters (tail risks) also … makers are more patient and if future generations are less affluent and policy makers care about intergenerational inequality … depress the social discount rate and boost the SCC provided intergenerational inequality aversion is high. Various reasons (e …

making under uncertainty. It clarifies the distinct roles of risk aversion, prudence, characteristics of the damage … formulation, and future policy response. We show that an optimal response to uncertainty substantially reduces the risk premium. … the resulting warming over the next decades and centuries highly uncertain. We quantify how this uncertainty changes the …

involve issues such as the discount rate, uncertainty, the social cost of carbon, the potential for catastrophic climate …