In the past, deforestation, mainly driven by the conversion of natural forests to agricultural land, contributed up to one-fifth of global human induced carbon dioxide (CO2) emissions. Substitution of bioenergy for fossil energy is an intensely discussed option for mitigating CO2 emissions. This...

We introduce endogenous directed technical change into numerical integrated climate and development policy assessment. We distinguish expenditures on innovation (R&D) and imitation (international technology spillovers) and consider the role of capital investment in creating and implementing new...

Using cost-benefit analysis to determine an optimal climate mitigation target is criticised, especially because i) it fails to sufficiently take into account low-probability, high-impact events, and ii) results strongly depend on the discount rate used. One of the alternative suggestions to...