Pricing climate risk mitigation

Designing Climate Mitigation Policy

Global warming is one of the most critical, and also most daunting, challenges facing policymakers in the twenty-first century. Assessing a globally efficient time path for pricing or controlling greenhouse gas (GHG) emissions is difficult enough, with huge scientific uncertainties, disagreement over the ultimate goals of climate policy, and disagreement over which countries should bear most re...

Cooperation on Climate-Change Mitigation†

We model greenhouse gas (GHG) emissions as a dynamic game. Countries’ emissions increase atmospheric concentrations of GHG, which negatively affects all countries' welfare. We analyze self-enforcing climate-change treaties that are supportable as subgame perfect equilibria. A simulation model illustrates conditions where a subgame perfect equilibrium supports the first-best outcome. In one of o...

Revaluing unmanaged forests for climate change mitigation

UNLABELLED BACKGROUND Unmanaged or old-growth forests are of paramount importance for carbon sequestration and thus for the mitigation of climate change among further implications, e.g. biodiversity aspects. Still, the importance of those forests for climate change mitigation compared to managed forests is under controversial debate. We evaluate the adequacy of referring to CO2 flux measurem...

Land use as climate change mitigation.

As the international community works to develop a postKyoto framework for responding to climate change over the next several decades, policymakers should give serious consideration to broadening the range of management strategies beyond those conventionally defined as “mitigation”. According to the Intergovernmental Panel on Climate Change (IPCC) mitigation concerns “implementing policies to re...

Beyond Mitigation: Planning for Climate Change Adaptation