LORENZ, ALEXANDER; KRIEGLER, ELMAR; HELD, HERMANN; … - In: Climate Change Economics (CCE) 03 (2012) 01, pp. 1250004-1
We investigate the importance of explicitly accounting for uncertainty in the determination of optimal global climate policy. We demonstrate that the marginal risk premium determines the importance of adapting the optimal policy to uncertainty. Common integrated assessment models (IAM) of...