Arbeitspapier

Notes on Optimal Growth, Climate Change Calamities, Adaptation and Mitigation

A strategy of inclusion of adaptation and mitigation expenses in a model of optimal growth under threat of climate change calamities is discussed in these exploratory notes. Calamity is the result of a shock that reduces the utility level (even to extinction forever) and/or triggers a fundamental change of the economic structure. Mitigation expenses reduce the long-run probability of a calamity or the speed of convergence to it; adaptation expenses help to improve the standard of living after the calamity. The willingness to contribute to those expenses and the effects on the long-run capital stock of the economy depend on perceptions on how they will modify the law of evolution of probabilities of the shock and the standard of living after the shock. The choice between a clean technology and one that increases GHG emissions is also discussed.

Sprache
Englisch

Erschienen in
Series: IDB Working Paper Series ; No. IDB-WP-212

Klassifikation
Wirtschaft
Environment and Growth
Thema
Climate Change
Growth
Adaptation
Mitigation

Ereignis
Geistige Schöpfung
(wer)
Chisari, Omar
Ereignis
Veröffentlichung
(wer)
Inter-American Development Bank (IDB)
(wo)
Washington, DC
(wann)
2010

Handle
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Chisari, Omar
  • Inter-American Development Bank (IDB)

Entstanden

  • 2010

Ähnliche Objekte (12)