The paper presents an adjusted Faustmann Rule for optimal harvest of a forest when there is a social cost of carbon … a social cost of carbon implies longer optimal rotation periods and that if the social cost of carbon exceeds a certain … threshold value the forest should not be harvested. At the same time we show that it could be a net social benefit from …

The paper presents an adjusted Faustmann Rule for optimal harvest of a forest when there is a social cost of carbon … a social cost of carbon implies longer optimal rotation periods and that if the social cost of carbon exceeds a certain … threshold value the forest should not be harvested. At the same time we show that it could be a net social benefit from …

Adaptation to climate change is gaining increasing relevance in the public debate of climate policy. However, detailed … adaptation in Europe, and in particular Germany, Finland and Italy. Furthermore, a systematic overview on fiscal aspects of … adaptation is provided, with focus on budgetary effects of adaptation in the different impact sectors. Combining cost estimates …

This paper assesses the role of the public sector in adaptation to climate change. We first offer a definition and … categorisation of climate change adaptation. We then consider the primary economic principles that can guide the assignment of … adaptation tasks to either the private or the public sector, as well as those guiding assignment within the public sector itself …

widely unknown. Governments try to cope with these risks by investing in mitigation and adaptation measures. Mitigation aims … at a reduction of greenhouse gas emissions whereas adaptation reduces the follow-up costs of climate change. In contrast … to the existing literature, we explicitly model the decision of risk-averse governments on mitigation and adaptation …

Adaptation to climate change is gaining increasing relevance in the public debate of climate policy. However, detailed … adaptation in Europe, and in particular Germany, Finland and Italy. Furthermore, a systematic overview on fiscal aspects of … adaptation is provided, with focus on budgetary effects of adaptation in the different impact sectors. Combining cost estimates …

costs, hide the presence of a third category, namely adaptation costs. This dodges the determination of an appropriate level … for them. Including adaptation costs explicitly in the total environmental cost function allows one to characterize the … for cost benefit analysis of adaptation expenditures …

with access to sanitation and hygiene. Finally, both direct and indirect risks associated with flood and drought on health …