We extend the WITCH model to consider the possibility to produce and trade electricity generated by large-scale concentrated solar power plants (CSP) in highly productive areas that are connected to demand centers through High Voltage Direct Current cables. We test the attractiveness of the CSP...

With a focus on the interaction between long-term climate targets and personal transport we review the electrification of light duty vehicles (LDVs) within a model that utilizes a learning-by-researching structure. By modeling the demand of vehicles, the use of fuels and emissions implied, the...

This paper provides a novel and comprehensive model-based assessment of possible outcomes of the Durban Platform negotiations with a focus on emissions reduction requirements, the consistency with the 2°C target and global economic impacts. The Durban Platform scenarios investigated in the...

Increasingly there appears to be recognition of the need to simultaneously implement adaptation and mitigation. However, the optimal combination of adaptation and mitigation is an open question. The literature on this is rather small, and is inconsistent in conclusions. Here we explore the...

Uncertainty plays a significant role in evaluating climate policy, and fat-tailed uncertainty may dominate policy advice. Should we make our utmost effort to prevent the arbitrarily large impacts of climate change under deep uncertainty? In order to answer to this question, we propose a new way...

With the global expansion of renewable energy (RE) technologies, the provision of optimal RE policy packages becomes an important task. We review pivotal aspects regarding the economics of renewables that are relevant to the design of an optimal RE policy, many of which are to date unresolved....

Climate change involves uncertain probabilities of catastrophic risks, and very longterm consequences of current actions. Climate economics, therefore, is centrally concerned with the treatment of risk and time. Yet conventional assumptions about utility and optimal economic growth create a...

To avoid dangerous changes to the climate system, the global mean temperature must not rise more than 2 °C from the 19th century level. The German Advisory Council on Global Change recommends maintaining the rate of change in temperature to within 0.2 °C per decade. This paper supposes that...