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difficulties identified with IAMs, the choice of the risk aversion parameter and the underestimation of damages, are also directly …
Persistent link: https://www.econbiz.de/10012510301
and report climate risks as a learning tool to improve their climate-risk management. However, as a voluntary initiative …' comprehension of what constitutes a climate-risk, how to map such risks and how to report them. The mapping and reporting of climate …-related risk may otherwise prove an inefficient tool to redirect and accelerate investments promoting a low-carbon and climate …
Persistent link: https://www.econbiz.de/10012649458
), the higher its transition risk. Recent Hungarian trends of this indicator alerts to significantly regrowing risks. …
Persistent link: https://www.econbiz.de/10012613333
The paper clarifies the link between changes in risk aversion and the effect on the consumption discount rate. In a … rate to a change in risk aversion depends on some fundamental properties of the considered uncertainties. The application … of this general result to specific forms of uncertainty extends existing results to more general forms of risk and yields …
Persistent link: https://www.econbiz.de/10010221085
There is a lot we know about climate change, but there is also a lot we don't know. Even if we knew how much CO2 will be emitted over the coming decades, we wouldn't know how much temperatures will rise as a result. And even if we could predict the extent of warming that will occur, we can say...
Persistent link: https://www.econbiz.de/10012225170
-2017, we estimate the price effects of three flood risk signals: 1) the Biggert-Waters Flood Insurance Reform Act, which …
Persistent link: https://www.econbiz.de/10012257846
techniques on yearly summed data. Using EM-DAT data, we enrich the analysis of natural disasters' risk by characterizing the … normalization procedure to control for exposure (e.g. number and value of assets at risk, inflation), so to ensure spatial and …
Persistent link: https://www.econbiz.de/10011894267
extraction as long as no threshold has been hit, compared to the risk-free case. Such saving has an expected rate of return along …
Persistent link: https://www.econbiz.de/10011636059
derive a general analytic formula for the "risk premium" governing the resulting climate policy. The formula generalizes … 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. …
Persistent link: https://www.econbiz.de/10012597858
climate-related physical risks with a global Input-Output model. More specifically, climate-related GDP-at-risk data are used … ultimate impact of physical risk because trade can lead to losses that are up to 30 times higher in the EA than what looking at … possible. Future research should (i) develop more granular, holistic, and forward-looking global physical risk data and (ii …
Persistent link: https://www.econbiz.de/10014558794