| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| Delayed Action and Uncertain Targets. How Much Will Climate Policy Cost? | |
| Valentina Bosetti; Carlo Carraro; Alessandra Sgobbi; Massimo Tavoni | |
| 发表日期 | 2008 |
| 出处 | Climate Change and Sustainable Development |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | Despite the growing concern about actual on-going climate change, there is little consensus about the scale and timing of actions needed to stabilise the concentrations of greenhouse gases. Many countries are unwilling to implement effective mitigation strategies, at least in the short-term, and no agreement on an ambitious global stabilisation target has yet been reached. It is thus likely that some, if not all countries, will delay the adoption of effective climate policies. This delay will affect the cost of future policy measures that will be required to abate an even larger amount of emissions. What additional economic cost of mitigation measures will this delay imply? At the same time, the uncertainty surrounding the global stabilisation target to be achieved crucially affects short-term investment and policy decisions. What will this uncertainty cost? Is there a hedging strategy that decision makers can adopt to cope with delayed action and uncertain targets? This paper addresses these questions by quantifying the economic implications of delayed mitigation action, and by computing the optimal abatement strategy in the presence of uncertainty about a global stabilisation target (which will be agreed upon in future climate negotiations). Results point to short-term inaction as the key determinant for the economic costs of ambitious climate policies. They also indicate that there is an effective hedging strategy that could minimise the cost of climate policy under uncertainty, and that a short-term moderate climate policy would be a good strategy to reduce the costs of delayed action and to cope with uncertainty about the outcome of future climate negotiations. By contrast, an insufficient short-term effort significantly increases the costs of compliance in the long-term. *** Suggested citation: Valentina Bosetti, Carlo Carraro, Alessandra Sgobbi, Massimo Tavoni, Delayed action and uncertain stabilisation targets. How much will the delay cost?, Climatic Change, October 2009, Volume 96, Issue 3, pp 299-312, http://rd.springer.com/article/10.1007%2Fs10584-009-9630-2 |
| 特色分类 | C72,H23,Q25,Q28 |
| 关键词 | Uncertainty,Climate Policy,Stabilisation Costs,Delayed Action |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/delayed-action-and-uncertain-targets-how-much-will-climate-policy-cost/ |
| 来源智库 | Fondazione Eni Enrico Mattei (Italy) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117594 |
| 推荐引用方式 GB/T 7714 | Valentina Bosetti,Carlo Carraro,Alessandra Sgobbi,et al. Delayed Action and Uncertain Targets. How Much Will Climate Policy Cost?. 2008. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| NDL2008-069.pdf（169KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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