Are insurance balance sheets carbon-neutral? Harnessing asset pricing for climate change policy†

Carbon Dioxide Fertilisation and Climate Change Policy

Asset Pricing and Monetary Policy∗

This paper examines the role of money in understanding the behavior of asset prices and whether and how monetary policy should react to asset prices such as stock prices and equity premiums. To do so, I introduce money via the form of transaction cost into a production economy with limited stock market participation where agents with lower inter-temporal elasticity of substitution (IES), called...

Ecosystem carbon balance; climate variability and functional change

Introduction Conclusions References

Terrestrial vegetation redistribution and carbon balance under climate change

BACKGROUND Dynamic Global Vegetation Models (DGVMs) compute the terrestrial carbon balance as well as the transient spatial distribution of vegetation. We study two scenarios of moderate and strong climate change (2.9 K and 5.3 K temperature increase over present) to investigate the spatial redistribution of major vegetation types and their carbon balance in the year 2100. RESULTS The world's...

The Economics of Including Carbon Sinks in Climate Change Policy

After the inclusion of carbon sinks in the Kyoto Protocol, greenhouse gas mitigation policies account for abatement measurements in both the energy and forestry sectors. This report deals with the development of a methodology for estimating cost-curves of carbon sequestration from afforestation activities and its combination with existing cost-curves of carbon abatement in the energy sector, wi...