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Wrestling with Uncertainty in Climate Economic Models

Brock, William A. - 2019

embrace a broad perspective of uncertainty with three components: risk (probabilities assigned by a given model), ambiguity …

Persistent link: https://www.econbiz.de/10012901480

Climate Engineering Under Deep Uncertainty and Heterogeneity

Emmerling, Johannes - 2017

Climate Engineering, and in particular Solar Radiation Management (SRM) has become a widely discussed climate policy option to study in recent years. However, its potentially strategic nature and unforeseen side effects provide major policy and scientific challenges. We study the role of the SRM...

Persistent link: https://www.econbiz.de/10012968338

Expected utility and catastrophic risk in a stochastic economy-climate model

Ikefuji, Masako; Laeven, Roger J. A.; Magnus, Jan R.; … - In: Journal of econometrics 214 (2020) 1, pp. 110-129

Persistent link: https://www.econbiz.de/10012438313

Geoengineering the Climate : Science, Governance and Uncertainty

Davies, Gareth T. - 2014

The Royal Society has recently published a report on geoengineering - deliberately manipulating the climate. Their survey of the techniques and possibilities is useful and clear, and explores some of the complexities of policy in this area. The issues of moral hazard - whether researching...

Persistent link: https://www.econbiz.de/10014191488

Decision Making Under Climate Uncertainty : The Power of Understanding Judgment and Decision Processes

Marx, Sabine M.; Weber, Elke U. - 2013

climate information. However, in order for climate information to be fully embraced and successfully implemented into risk … management, the issue needs to be looked at in terms of risk communication in human decision makers — (as) individuals and (in …) groups. What is special about human risk perception and decision making under risk and situations of uncertainty regarding …

Persistent link: https://www.econbiz.de/10014038652

Rules vs. Targets : Climate Treaties Under Uncertainty

Gersbach, Hans; Oberpriller, Quirin - 2012

We demonstrate the advantages of a climate treaty based solely on rules for international permit markets when there is uncertainty about abatement costs and environmental damages. Such a ‘Rules Treaty’ comprises a scaling factor and a refunding rule. Each signatory can freely choose the...

Persistent link: https://www.econbiz.de/10014041072

Chapter 10. Uncertainty and ambiguity in environmental economics: conceptual issues

Heal, Geoffrey; Millner, Antony - In: Handbook of environmental economics : Volume 4, (pp. 439-468). 2018

pervasive uncertainty is best modeled as ambiguity rather than risk, as a set of situations where multiple prior probability …

Persistent link: https://www.econbiz.de/10014023893

Confronting Deep and Persistent Climate Uncertainty

Wagner, Gernot; Zeckhauser, Richard J. - 2016

Deep-seated, persistent uncertainty is a pernicious feature of climate change. One key parameter, equilibrium climate sensitivity, has eluded almost all attempts at pinning it down more precisely than a ‘likely’ range that has stalled at 1.5–4.5°C for over thirty-five years. The marginal...

Persistent link: https://www.econbiz.de/10014126044

Coping with Uncertainty : Cost-Benefit Analysis, the Precautionary Principle, and Climate Change

Farber, Daniel A. - 2016

emissions trajectories that minimize the risk of catastrophic outcomes, and then (2) backing out the social cost of carbon based …

Persistent link: https://www.econbiz.de/10014134154

Adapting and Mitigating to Climate Change : Balancing the Choice Under Uncertainty

Bosello, Francesco - 2013

Nowadays, as stressed by important strategic documents like for instance the 2009 EU White Paper on Adaptation or the recent 2009 “Copenhagen Accord”, it is amply recognized that both mitigation and adaptation strategies are necessary to combat climate change. This paper enriches the rapidly...

Persistent link: https://www.econbiz.de/10013093987