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Climate change is predicted to substantially alter forest growth. Optimally, forest owners should take these future changes into account when making rotation decisions today. However, the fundamental uncertainty surrounding climate change makes predicting these shifts hard. Hence, this paper...
Persistent link: https://www.econbiz.de/10012015877
Climate change is predicted to substantially alter forest growth. Optimally, forest owners should take these future changes into account when making rotation decisions today. However, the fundamental uncertainty surrounding climate change makes predicting these shifts hard. Hence, this paper...
Persistent link: https://www.econbiz.de/10012866409
Persistent link: https://www.econbiz.de/10013259967
Hurricanes are among the costliest natural disasters in the world, with a significant portion of their impact linked to the accuracy of their forecasts. In this paper, we estimate the economic impacts of the official hurricane forecasts in the US and develop a new approach for measuring the...
Persistent link: https://www.econbiz.de/10013426083
‘State of the Bay’ is an initiative of the Georgian Bay Biosphere Reserve (GBBR) which has forecast that water temperatures in Georgian Bay Ontario “are warming” and could rise by “10°C this century within coastal ecosystems”, and warns of “catastrophic events”. These claims are...
Persistent link: https://www.econbiz.de/10013230535
-of-the-art natural science with general equilibrium theory. We discuss challenges in solving dynamic stochastic IAMs with sharp …
Persistent link: https://www.econbiz.de/10015072904
This article proposes a way of introducing some organization and tractability in climate science, generating more widely credible evaluations of climate science, and imposing some discipline on the processing and interpretation of climate information. I propose a two-part policy instrument...
Persistent link: https://www.econbiz.de/10014185534
Persistent link: https://www.econbiz.de/10009316933
Persistent link: https://www.econbiz.de/10014306662
Putting a price on carbon - with taxes or developing carbon markets - is a widely used policy measure to achieve the target of net-zero emissions by 2050. This paper tackles the issue of producing point, direction-of-change, and density forecasts for the monthly real price of carbon within the...
Persistent link: https://www.econbiz.de/10014470036