The risk of climate ruin
Author
Abstract
Suggested Citation
DOI: 10.1007/s10584-016-1846-3
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Ian W. R. Martin & Robert S. Pindyck, 2015.
"Averting Catastrophes: The Strange Economics of Scylla and Charybdis,"
American Economic Review, American Economic Association, vol. 105(10), pages 2947-2985, October.
- Ian W.R. Martin & Robert S. Pindyck, 2014. "Averting Catastrophes: The Strange Economics of Scylla and Charybdis," NBER Working Papers 20215, National Bureau of Economic Research, Inc.
- Pindyck, Robert S. & Martin, Ian, 2015. "Averting Catastrophes: The Strange Economics of Scylla and Charybdis," CEPR Discussion Papers 10730, C.E.P.R. Discussion Papers.
- Martin, Ian & Pindyck, R. S., 2015. "Averting catastrophes: the strange economics of Scylla and Charybdis," LSE Research Online Documents on Economics 62139, London School of Economics and Political Science, LSE Library.
- Naomi Vaughan & Timothy Lenton, 2011. "A review of climate geoengineering proposals," Climatic Change, Springer, vol. 109(3), pages 745-790, December.
- Derek Lemoine & Christian Traeger, 2014. "Watch Your Step: Optimal Policy in a Tipping Climate," American Economic Journal: Economic Policy, American Economic Association, vol. 6(1), pages 137-166, February.
- Robert S. Pindyck, 2013.
"Climate Change Policy: What Do the Models Tell Us?,"
Journal of Economic Literature, American Economic Association, vol. 51(3), pages 860-872, September.
- Robert S. Pindyck, 2013. "Climate Change Policy: What Do the Models Tell Us?," NBER Working Papers 19244, National Bureau of Economic Research, Inc.
- Martin L. Weitzman, 2009.
"On Modeling and Interpreting the Economics of Catastrophic Climate Change,"
The Review of Economics and Statistics, MIT Press, vol. 91(1), pages 1-19, February.
- Weitzman, Martin L., 2009. "On Modeling and Interpreting the Economics of Catastrophic Climate Change," Scholarly Articles 3693423, Harvard University Department of Economics.
- Swain, Robin & Swallow, David, 2015. "The prudential regulation of insurers under Solvency II," Bank of England Quarterly Bulletin, Bank of England, vol. 55(2), pages 139-153.
- Dietz, Simon & Stern, Nicholas, 2015. "Endogenous growth, convexity of damage and climate risk: how Nordhaus’ framework supports deep cuts in carbon emissions," LSE Research Online Documents on Economics 58406, London School of Economics and Political Science, LSE Library.
- Robert J. Barro, 2006.
"Rare Disasters and Asset Markets in the Twentieth Century,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 121(3), pages 823-866.
- Barro, Robert, 2006. "Rare Disasters and Asset Markets in the Twentieth Century," Scholarly Articles 3208215, Harvard University Department of Economics.
- Robert J. Barro, 2024. "Rare Disasters and Asset Markets in the Twentieth Century," CEMA Working Papers 620, China Economics and Management Academy, Central University of Finance and Economics.
- Richard L. Revesz & Peter H. Howard & Kenneth Arrow & Lawrence H. Goulder & Robert E. Kopp & Michael A. Livermore & Michael Oppenheimer & Thomas Sterner, 2014. "Global warming: Improve economic models of climate change," Nature, Nature, vol. 508(7495), pages 173-175, April.
- Martin L. Weitzman, 2012.
"GHG Targets as Insurance Against Catastrophic Climate Damages,"
Journal of Public Economic Theory, Association for Public Economic Theory, vol. 14(2), pages 221-244, March.
- Martin L. Weitzman, 2010. "GHG Targets as Insurance Against Catastrophic Climate Damages," NBER Working Papers 16136, National Bureau of Economic Research, Inc.
- Weitzman, Martin L., 2012. "GHG Targets as Insurance Against Catastrophic Climate Damages," Scholarly Articles 11315435, Harvard University Department of Economics.
- Howard Kunreuther & Geoffrey Heal & Myles Allen & Ottmar Edenhofer & Christopher B. Field & Gary Yohe, 2013.
"Risk management and climate change,"
Nature Climate Change, Nature, vol. 3(5), pages 447-450, May.
- Howard Kunreuther & Geoffrey Heal & Myles Allen & Ottmar Edenhofer & Christopher B. Field & Gary Yohe, 2012. "Risk Management and Climate Change," NBER Working Papers 18607, National Bureau of Economic Research, Inc.
- Scott Barrett & Timothy M. Lenton & Antony Millner & Alessandro Tavoni & Stephen Carpenter & John M. Anderies & F. Stuart Chapin & Anne-Sophie Crépin & Gretchen Daily & Paul Ehrlich & Carl Folke & Vic, 2014.
"Climate engineering reconsidered,"
Nature Climate Change, Nature, vol. 4(7), pages 527-529, July.
- Barrett, Scott & Lenton, Timothy M. & Millner, Antony & Tavoni, Alessandro & Carpenter, Stephen & Anderies, John M. & Chapin, F. Stuart & Crépin, Anne-Sophie & Daily, Gretchen & Ehrlich, Paul & Folke,, 2014. "Climate engineering reconsidered," LSE Research Online Documents on Economics 58139, London School of Economics and Political Science, LSE Library.
- Barrett, S. & Lenton, T.M. & Millner, A. & Tavoni, A. & Carpenter, S.R. & Anderies, J.M. & Chapin III, F.S. & Crépin, A.S. & Daily, G. & Ehrlich, P. & Folke, C. & Galaz, V. & Hughes, T.P. & Kautsky, N, 2014. "Climate engineering reconsidered," Other publications TiSEM 880b526e-6ba9-4e48-8463-1, Tilburg University, School of Economics and Management.
- Myles R. Allen & David J. Frame & Chris Huntingford & Chris D. Jones & Jason A. Lowe & Malte Meinshausen & Nicolai Meinshausen, 2009. "Warming caused by cumulative carbon emissions towards the trillionth tonne," Nature, Nature, vol. 458(7242), pages 1163-1166, April.
- Nicholas Stern, 2013. "The Structure of Economic Modeling of the Potential Impacts of Climate Change: Grafting Gross Underestimation of Risk onto Already Narrow Science Models," Journal of Economic Literature, American Economic Association, vol. 51(3), pages 838-859, September.
- Keller, Klaus & Bolker, Benjamin M. & Bradford, D.F.David F., 2004. "Uncertain climate thresholds and optimal economic growth," Journal of Environmental Economics and Management, Elsevier, vol. 48(1), pages 723-741, July.
- -, 2009. "The economics of climate change," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 38679, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
- Simon Dietz & Nicholas Stern, 2015. "Endogenous Growth, Convexity of Damage and Climate Risk: How Nordhaus' Framework Supports Deep Cuts in Carbon Emissions," Economic Journal, Royal Economic Society, vol. 0(583), pages 574-620, March.
- Gail Whiteman & Chris Hope & Peter Wadhams, 2013. "Vast costs of Arctic change," Nature, Nature, vol. 499(7459), pages 401-403, July.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Frederick van der Ploeg & Armon Rezai, 2020.
"Stranded Assets in the Transition to a Carbon-Free Economy,"
Annual Review of Resource Economics, Annual Reviews, vol. 12(1), pages 281-298, October.
- Rick Van der Ploeg & Armon Rezai, 2019. "Stranded Assets In The Transition To A Carbon-Free Economy," Economics Series Working Papers 894, University of Oxford, Department of Economics.
- Rick van der Ploeg & Armon Rezai, 2019. "Stranded Assets in the Transition to a Carbon-Free Economy," CESifo Working Paper Series 8025, CESifo.
- Cardenas, J. C. & Jaramillo, F & León, D & López, M. & Rodríguez, M & Zuleta, H, 2021.
"With a little help from my friends: Debt Renegotiation and Climate Change,"
Documentos de Trabajo
19732, Universidad del Rosario.
- Juan Camilo Cárdenas & Fernando Jaramillo & Diana León & María del Pilar López Uribe & Mauricio Rodriguez & Hernando Zuleta, 2021. "With a little help from my friends: Debt renegotiation and climate change," Documentos CEDE 19715, Universidad de los Andes, Facultad de Economía, CEDE.
- Daniel Steel & Kian Mintz-Woo & C. Tyler DesRoches, 2024. "Collapse, social tipping dynamics, and framing climate change," Politics, Philosophy & Economics, , vol. 23(3), pages 230-251, August.
- Rick Van der Ploeg & Armon Rezai, 2018. "Climate Policy and Stranded Carbon Assets: A Financial Perspective," OxCarre Working Papers 206, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Rising, James A. & Taylor, Charlotte & Ives, Matthew C. & Ward, Robert E.t., 2022. "Challenges and innovations in the economic evaluation of the risks of climate change," LSE Research Online Documents on Economics 114941, London School of Economics and Political Science, LSE Library.
- Rising, James A. & Taylor, Charlotte & Ives, Matthew C. & Ward, Robert E.T., 2022. "Challenges and innovations in the economic evaluation of the risks of climate change," Ecological Economics, Elsevier, vol. 197(C).
- Hjort, Ingrid, 2016. "Potential Climate Risks in Financial Markets: A Literature Overview," Memorandum 01/2016, Oslo University, Department of Economics.
- Nicolas Taconet & Céline Guivarch & Antonin Pottier, 2021. "Social Cost of Carbon Under Stochastic Tipping Points," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 78(4), pages 709-737, April.
- J. Farmer & Cameron Hepburn & Penny Mealy & Alexander Teytelboym, 2015. "A Third Wave in the Economics of Climate Change," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 62(2), pages 329-357, October.
- Loïc Berger & Johannes Emmerling & Massimo Tavoni, 2017.
"Managing Catastrophic Climate Risks Under Model Uncertainty Aversion,"
Post-Print
hal-03027150, HAL.
- Loïc Berger & Johannes Emmerling & Massimo Tavoni, 2017. "Managing Catastrophic Climate Risks Under Model Uncertainty Aversion," Post-Print hal-01744501, HAL.
- Oliver Bettis & Simon Dietz & Nick Silver, 2015. "The risk of climate ruin," GRI Working Papers 217, Grantham Research Institute on Climate Change and the Environment.
- Wonjun Chang & Thomas F. Rutherford, 2017. "Catastrophic Thresholds, Bayesian Learning And The Robustness Of Climate Policy Recommendations," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 8(04), pages 1-23, November.
- Richard S J Tol, 2018.
"The Economic Impacts of Climate Change,"
Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 12(1), pages 4-25.
- Richard S. J. Tol, 2010. "The Economic Impact of Climate Change," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 11(s1), pages 13-37, May.
- Tol, Richard S. J., 2008. "The Economic Impact of Climate Change," Papers WP255, Economic and Social Research Institute (ESRI).
- Richard S. J. Tol, 2015. "Economic impacts of climate change," Working Paper Series 7515, Department of Economics, University of Sussex Business School.
- Nicolas Taconet & Céline Guivarch & Antonin Pottier, 2019.
"Social Cost of Carbon under stochastic tipping points: when does risk play a role?,"
Working Papers
hal-02408904, HAL.
- Nicolas Taconet & Céline Guivarch & Antonin Pottier, 2019. "Social Cost of Carbon under stochastic tipping points: when does risk play a role?," Working Papers 2019.11, FAERE - French Association of Environmental and Resource Economists.
- Nicolas Taconet & Céline Guivarch & Antonin Pottier, 2021. "Social Cost of Carbon Under Stochastic Tipping Points: when does risk play a role?," Post-Print hal-03167567, HAL.
- Nicolas Taconet & Céline Guivarch & Antonin Pottier, 2019. "Social Cost of Carbon under stochastic tipping points: when does risk play a role?," CIRED Working Papers hal-02408904, HAL.
- Olijslagers, Stan & van der Ploeg, Frederick & van Wijnbergen, Sweder, 2023.
"On current and future carbon prices in a risky world,"
Journal of Economic Dynamics and Control, Elsevier, vol. 146(C).
- Stan W.J. Olijslagers & Rick van der Ploeg & Sweder van Wijnbergen, 2021. "On Current and Future Carbon Prices in a Risky World," CESifo Working Paper Series 9092, CESifo.
- Stan Olijslagers & Rick van der Ploeg & Sweder van Wijnbergen, 2021. "On current and future carbon prices in a risky world," Tinbergen Institute Discussion Papers 21-045/VI, Tinbergen Institute.
- Loïc Berger & Johannes Emmerling & Massimo Tavoni, 2017.
"Managing Catastrophic Climate Risks Under Model Uncertainty Aversion,"
Management Science, INFORMS, vol. 63(3), pages 749-765, March.
- Loïc Berger & Johannes Emmerling & Massimo Tavoni, 2017. "Managing Catastrophic Climate Risks Under Model Uncertainty Aversion," Post-Print hal-03027150, HAL.
- Loïc Berger & Johannes Emmerling & Massimo Tavoni, 2017. "Managing Catastrophic Climate Risks Under Model Uncertainty Aversion," Post-Print hal-01744501, HAL.
- Pindyck, Robert S., 2019.
"The social cost of carbon revisited,"
Journal of Environmental Economics and Management, Elsevier, vol. 94(C), pages 140-160.
- Robert S. Pindyck, 2016. "The Social Cost of Carbon Revisited," NBER Working Papers 22807, National Bureau of Economic Research, Inc.
- Ton S. van den Bremer & Frederick van der Ploeg, 2021.
"The Risk-Adjusted Carbon Price,"
American Economic Review, American Economic Association, vol. 111(9), pages 2782-2810, September.
- Rick Van der Ploeg & Ton S. Van den Bremer, 2018. "The Risk-Adjusted Carbon Price," OxCarre Working Papers 203, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- Ton S. van den Bremer & Rick van der Ploeg, 2019. "The risk-adjusted carbon price," CESifo Working Paper Series 7592, CESifo.
- Rick van der Ploeg & Ton van den Bremer, 2021. "The risk-adjusted carbon price," Tinbergen Institute Discussion Papers 21-046/VI, Tinbergen Institute.
- van der Ploeg, Frederick & ,, 2018. "Pricing Carbon Under Economic and Climactic Risks: Leading-Order Results from Asymptotic Analysis," CEPR Discussion Papers 12642, C.E.P.R. Discussion Papers.
- Tsigaris, Panagiotis & Wood, Joel, 2016. "A simple climate-Solow model for introducing the economics of climate change to undergraduate students," International Review of Economics Education, Elsevier, vol. 23(C), pages 65-81.
- Dietz, Simon & Gollier, Christian & Kessler, Louise, 2018.
"The climate beta,"
Journal of Environmental Economics and Management, Elsevier, vol. 87(C), pages 258-274.
- Simon Dietz & Christian Gollier & Louise Kessler, 2015. "The climate beta," GRI Working Papers 190, Grantham Research Institute on Climate Change and the Environment.
- Dietz, Simon & Gollier, Christian & Kessler, Louise, 2015. "The climate beta," TSE Working Papers 15-608, Toulouse School of Economics (TSE).
- Dietz, Simon & Gollier, Christian & Kessler, Louise, 2018. "The climate beta," LSE Research Online Documents on Economics 83605, London School of Economics and Political Science, LSE Library.
- Dietz, Simon & Gollier, Christian & Kessler, Louise, 2015. "The climate beta," IDEI Working Papers 856, Institut d'Économie Industrielle (IDEI), Toulouse.
- Ottmar Edenhofer & Susanne Kadner & Christoph von Stechow & Gregor Schwerhoff & Gunnar Luderer, 2014. "Linking climate change mitigation research to sustainable development," Chapters, in: Giles Atkinson & Simon Dietz & Eric Neumayer & Matthew Agarwala (ed.), Handbook of Sustainable Development, chapter 30, pages 476-499, Edward Elgar Publishing.
- Dietz, Simon & Venmans, Frank, 2019.
"Cumulative carbon emissions and economic policy: In search of general principles,"
Journal of Environmental Economics and Management, Elsevier, vol. 96(C), pages 108-129.
- Simon Dietz, Frank Venmans, 2017. "Cumulative carbon emissions and economic policy: in search of general principles," GRI Working Papers 283, Grantham Research Institute on Climate Change and the Environment.
- Dietz, Simon & Venmans, Frank, 2019. "Cumulative carbon emissions and economic policy: in search of general principles," LSE Research Online Documents on Economics 100733, London School of Economics and Political Science, LSE Library.
- Baldwin, Elizabeth & Cai, Yongyang & Kuralbayeva, Karlygash, 2020. "To build or not to build? Capital stocks and climate policy∗," Journal of Environmental Economics and Management, Elsevier, vol. 100(C).
More about this item
Keywords
Climate System; Capital Requirement; Climate Risk; Solar Radiation Management; Cumulative Emission;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:climat:v:140:y:2017:i:2:d:10.1007_s10584-016-1846-3. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.