منابع مشابه
Climate. To hedge or not against an uncertain climate future?
I t has been over a decade since Nordhaus (1) published his seminal paper on mitigation policy for climate change. His question was “To slow or not to slow?”; his answer was derived from a traditional costbenefit approach. He found that a tax levied on fossil fuel in proportion to its carbon content, which would climb over time at roughly the rate of interest, maximized global welfare. Although...
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Focusing on tail effects, I incorporate distributions for temperature change and its economic impact in an analysis of climate change policy. I estimate the fraction of consumption w(τ ) that society would be willing to sacrifice to ensure that any increase in temperature at a future point is limited to τ . Using information on the distributions for temperature change and economic impact from s...
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Various aspects of the role of uncertainty in greenhouse gas emission reduction policy are analyzed with the integrated assessment model FUND. FUND couples simple models of economy, climate, climate impacts, and emission abatement. Probability distribution functions are assumed for all major parameters in the model. Monte Carlo analyses are used to study the e!ects of parametric uncertainties. ...
متن کاملStrategies to adapt to an uncertain climate change
Many decisions concerning long-lived investments already need to take into account climate change. But doing so is not easy for at least two reasons. First, due to the rate of climate change, new infrastructure will have to be able to cope with a large range of changing climate conditions, which will make design more difficult and construction more expensive. Second, uncertainty in future clima...
متن کاملDynamical influences on European climate: an uncertain future.
Climate science is coming under increasing pressure to deliver projections of future climate change at spatial scales as small as a few kilometres for use in impacts studies. But is our understanding and modelling of the climate system advanced enough to offer such predictions? Here we focus on the Atlantic-European sector, and on the effects of greenhouse gas forcing on the atmospheric and, to...
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ژورنال
عنوان ژورنال: OECD Observer
سال: 2017
ISSN: 1561-5529
DOI: 10.1787/6864e9f4-en