Climate value at risk of global financial assets
... appropriate for the riskiness of the portfolio. Thus the extensive literature on social discount rates for appraisal of climate-change policies21 is not relevant. We also highlight that the climate VaR, by ...
... appropriate for the riskiness of the portfolio. Thus the extensive literature on social discount rates for appraisal of climate-change policies21 is not relevant. We also highlight that the climate VaR, by ...
Defining loss and damage
... L&D as “unavoidable loss and damage from the adverse impacts of climate change,” framing L&D as effects that have already been locked in as a result of inadequate adaptation and mitigation measures.xi Verheyen (2012) creates an expanded definition of L&D, distinguishing between avoided, unavoided, a ...
... L&D as “unavoidable loss and damage from the adverse impacts of climate change,” framing L&D as effects that have already been locked in as a result of inadequate adaptation and mitigation measures.xi Verheyen (2012) creates an expanded definition of L&D, distinguishing between avoided, unavoided, a ...
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... economic infrastructure in general, impacts on ecosystems, and impacts on human health. The Executive Summary notes some Other limitations on the analysis. For example, it notes that the scenarios assume no change in "the frequency of events, such as, heat waves, storms, hurricanes, and droughts in ...
... economic infrastructure in general, impacts on ecosystems, and impacts on human health. The Executive Summary notes some Other limitations on the analysis. For example, it notes that the scenarios assume no change in "the frequency of events, such as, heat waves, storms, hurricanes, and droughts in ...
RT4: Understanding the processes governing climate variability and
... RT4: Aim (1) The uncertainty about climate sensitivity has not decreased between SAR (1995) and TAR (2001) of IPCC. - How does that affect an approach based on ENSEMBLES of model simulations? ...
... RT4: Aim (1) The uncertainty about climate sensitivity has not decreased between SAR (1995) and TAR (2001) of IPCC. - How does that affect an approach based on ENSEMBLES of model simulations? ...
7 LAGOS STATE CLIMATE CHANGE SUMMIT COMMUNIQUE
... While declaring the Summit open, His Excellency, Mr. Babatunde Raji Fashola (SAN), the Governor of Lagos State, noted that the summit will be the last for his administration. He acknowledged the contributions of the immediate past and present Honourable Commissioners for the Environment, staff of th ...
... While declaring the Summit open, His Excellency, Mr. Babatunde Raji Fashola (SAN), the Governor of Lagos State, noted that the summit will be the last for his administration. He acknowledged the contributions of the immediate past and present Honourable Commissioners for the Environment, staff of th ...
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... issue and continuing with business-as-usual (IPCC 2013, MA 2005). For climate change, the Intergovernmental Panel on Climate Change (IPCC) concluded that continued emissions of greenhouse gases (GHG) would likely lead to significant warming over the coming centuries with the potential for large nega ...
... issue and continuing with business-as-usual (IPCC 2013, MA 2005). For climate change, the Intergovernmental Panel on Climate Change (IPCC) concluded that continued emissions of greenhouse gases (GHG) would likely lead to significant warming over the coming centuries with the potential for large nega ...
WHAT IS WRONG WITH STERN? Peter Lilley MP The Global Warming Policy Foundation
... science of global warming because it has the support of most scientists, yet they ignore the IPCC’s economic conclusions which are supported by most environmental economists. The Review’s message was crisp and dogmatic: immediate action is required to avoid catastrophe; carbon dioxide emissions must ...
... science of global warming because it has the support of most scientists, yet they ignore the IPCC’s economic conclusions which are supported by most environmental economists. The Review’s message was crisp and dogmatic: immediate action is required to avoid catastrophe; carbon dioxide emissions must ...
CRP_Capacity Building_U.S. Japan Canada
... Also recalling its decision 2/CP.7 to conduct a comprehensive review of the implementation of the framework for capacity-building in developing countries every five years, and decision 13/CP.17, to initiate the third comprehensive review of the framework at the forty-second session of the Subsidiary ...
... Also recalling its decision 2/CP.7 to conduct a comprehensive review of the implementation of the framework for capacity-building in developing countries every five years, and decision 13/CP.17, to initiate the third comprehensive review of the framework at the forty-second session of the Subsidiary ...
Non-Marginal Cost-Benefit Analysis and the Tyranny of
... The line of reasoning and the outline of the paper are as follows. In section 2, I present an economy where climate change causes abatement costs at the expense of future consumption levels, which could be avoided by implementing a mitigation project today. I will assume decreasing returns to capit ...
... The line of reasoning and the outline of the paper are as follows. In section 2, I present an economy where climate change causes abatement costs at the expense of future consumption levels, which could be avoided by implementing a mitigation project today. I will assume decreasing returns to capit ...
The impact of climate change on the global economy
... that only a fraction of the market economy is vulnerable to global warming, namely agriculture, coastal resources, energy, forestry, tourism, and water. These sectors contribute just 5% of global GDP to which their share is expected to shrink overtime (Mendelsohn, 2013). This can be seen when we tra ...
... that only a fraction of the market economy is vulnerable to global warming, namely agriculture, coastal resources, energy, forestry, tourism, and water. These sectors contribute just 5% of global GDP to which their share is expected to shrink overtime (Mendelsohn, 2013). This can be seen when we tra ...
Do not ask for morality
... Look at it this way. As economists classify things, the goods produced each year by an economy are divided into two parts. One part is consumption; these are the goods that are used by people to give themselves a good life. The other part is investment; these are the goods that are used to build the ...
... Look at it this way. As economists classify things, the goods produced each year by an economy are divided into two parts. One part is consumption; these are the goods that are used by people to give themselves a good life. The other part is investment; these are the goods that are used to build the ...
NEPAL Strengthening capacities of to mainstream climate change concerns into
... Integrate of climate change issues in Annual Measurement of Minimum Condition and Performance Measure of the municipalities that mandates them to address the issue of climate change in annual plans and programs Implementation of National Urban Development Strategy, 2015 that promotes multihazard ...
... Integrate of climate change issues in Annual Measurement of Minimum Condition and Performance Measure of the municipalities that mandates them to address the issue of climate change in annual plans and programs Implementation of National Urban Development Strategy, 2015 that promotes multihazard ...
NBER WORKING PAPER SERIES RISK MANAGEMENT AND CLIMATE CHANGE Howard Kunreuther Geoffrey Heal
... Consider the application of this idea to the example of the Florida community determining whether or not to permit construction of a residential facility on the coast. To determine the optimal choice when using the minimax regret model, one first selects possible amounts of storm surge plus sea leve ...
... Consider the application of this idea to the example of the Florida community determining whether or not to permit construction of a residential facility on the coast. To determine the optimal choice when using the minimax regret model, one first selects possible amounts of storm surge plus sea leve ...
The Climate Change Act (2008) - The Institute for Government
... Although FoE led the way, for the first time more than a hundred NGOs including Action Aid; CAFOD; Friends of the Earth; The National Trust; Oxfam; RSPB; UNISON; the Women’s Institute; and the WWF came together as part of the Stop Climate Chaos coalition . The Big Ask campaign was launched in 2005 a ...
... Although FoE led the way, for the first time more than a hundred NGOs including Action Aid; CAFOD; Friends of the Earth; The National Trust; Oxfam; RSPB; UNISON; the Women’s Institute; and the WWF came together as part of the Stop Climate Chaos coalition . The Big Ask campaign was launched in 2005 a ...
climate change
... Mean temperature increases by the end of this century of up to 4% centigrade and sea levels rising by up to 60 centimeters The 10 warmest years on record have all been since 1990 ...
... Mean temperature increases by the end of this century of up to 4% centigrade and sea levels rising by up to 60 centimeters The 10 warmest years on record have all been since 1990 ...
2014/31/PR IPCC PRESS RELEASE 2 November 2014 Concluding
... These are among the key findings of the Synthesis Report released by the Intergovernmental Panel on Climate Change (IPCC) on Sunday. The Synthesis Report distils and integrates the findings of the IPCC Fifth Assessment Report produced by over 800 scientists and released over the past 13 months – the ...
... These are among the key findings of the Synthesis Report released by the Intergovernmental Panel on Climate Change (IPCC) on Sunday. The Synthesis Report distils and integrates the findings of the IPCC Fifth Assessment Report produced by over 800 scientists and released over the past 13 months – the ...
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... or models. Elsewhere they extend the analysis in various directions: construction and use of climate variables tied more closely to agronomic findings; development of more accurate measures of both climate and soil conditions; adjustment for spatial correlation of the error terms in a hedonic regre ...
... or models. Elsewhere they extend the analysis in various directions: construction and use of climate variables tied more closely to agronomic findings; development of more accurate measures of both climate and soil conditions; adjustment for spatial correlation of the error terms in a hedonic regre ...
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... so should provide a net intertemporal social benefit by reducing total mitigation costs and damage (Shalizi and Lecocq, 2009; Stern, 2006) but also because mitigation could be financed by redirecting investments instead of limiting consumption (Foley, 2009), thereby avoiding a net burden for early g ...
... so should provide a net intertemporal social benefit by reducing total mitigation costs and damage (Shalizi and Lecocq, 2009; Stern, 2006) but also because mitigation could be financed by redirecting investments instead of limiting consumption (Foley, 2009), thereby avoiding a net burden for early g ...
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... as usual’ policies is commonly seen as a reason for inaction. However, uncertainty typically implies that the optimal policy is more risk-averse than otherwise, and therefore enhances the case for action to mitigate climate change. The paper consists of a summary of the main sources of uncertainty a ...
... as usual’ policies is commonly seen as a reason for inaction. However, uncertainty typically implies that the optimal policy is more risk-averse than otherwise, and therefore enhances the case for action to mitigate climate change. The paper consists of a summary of the main sources of uncertainty a ...
What Is the Right Price for Carbon Emissions?
... calculation of the discounted value of expected (average) future damages. Pricing fire insurance appropriately is a good example. Empirical evidence on the distribution of damages caused by fires and the level of interest rates determines the cost of the insurance. Risk aversion does not enter into ...
... calculation of the discounted value of expected (average) future damages. Pricing fire insurance appropriately is a good example. Empirical evidence on the distribution of damages caused by fires and the level of interest rates determines the cost of the insurance. Risk aversion does not enter into ...
Three views of two degrees - Potsdam Institute for Climate Impact
... Clearly, the two arguments do not exclude each other, and the German Advisory Council on Global Change supported both lines of thinking in 1995. It considered the late Quaternary, i.e. the period of the last 800,000 or so years, and claimed: ‘‘This geological epoch has shaped our present-day environ ...
... Clearly, the two arguments do not exclude each other, and the German Advisory Council on Global Change supported both lines of thinking in 1995. It considered the late Quaternary, i.e. the period of the last 800,000 or so years, and claimed: ‘‘This geological epoch has shaped our present-day environ ...
Austrian Climate Research Programme ACRP 7
... „k.i.d.Z. – kompetent in die Zukunft“ – Preparing Austria´s Youth for Climate Change Challenges of the 21st Century Open source model for analysing Austria’s transition to a low carbon society by 2050 – A research plan Environmental psychology knowledge for administrative decision makers-improving b ...
... „k.i.d.Z. – kompetent in die Zukunft“ – Preparing Austria´s Youth for Climate Change Challenges of the 21st Century Open source model for analysing Austria’s transition to a low carbon society by 2050 – A research plan Environmental psychology knowledge for administrative decision makers-improving b ...
Stern Review
... price signals and markets for carbon, spurring technology research, development and deployment, and promoting adaptation, particularly for developing countries. Climate change presents a unique challenge for economics: it is the greatest and widest-ranging market failure ever seen. The economic anal ...
... price signals and markets for carbon, spurring technology research, development and deployment, and promoting adaptation, particularly for developing countries. Climate change presents a unique challenge for economics: it is the greatest and widest-ranging market failure ever seen. The economic anal ...