气候变化领域集成服务门户(CCPortal): Carbon Dioxide as a Risky Asset

CCPortal

DOI	10.1007/s10584-024-03724-3
	Carbon Dioxide as a Risky Asset
	Bauer, Adam Michael; Proistosescu, Cristian; Wagner, Gernot
发表日期	2024
ISSN	0165-0009
EISSN	1573-1480
起始页码	177
结束页码	5
卷号	177 期号:5
英文摘要	We develop a financial-economic model for carbon pricing with an explicit representation of decision making under risk and uncertainty that is consistent with the Intergovernmental Panel on Climate Change's sixth assessment report. We show that risk associated with high damages in the long term leads to stringent mitigation of carbon dioxide emissions in the near term, and find that this approach provides economic support for stringent warming targets across a variety of specifications. Our results provide insight into how a systematic incorporation of climate-related risk influences optimal emissions abatement pathways.
英文关键词	Climate risk; Climate policy; Asset pricing; Cost of carbon
语种	英语
WOS研究方向	Environmental Sciences & Ecology ; Meteorology & Atmospheric Sciences
WOS类目	Environmental Sciences ; Meteorology & Atmospheric Sciences
WOS记录号	WOS:001214816100002
来源期刊	CLIMATIC CHANGE
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/308663
作者单位	University of Illinois System; University of Illinois Urbana-Champaign; University of Illinois System; University of Illinois Urbana-Champaign; University of Illinois System; University of Illinois Urbana-Champaign; Columbia University
推荐引用方式 GB/T 7714	Bauer, Adam Michael,Proistosescu, Cristian,Wagner, Gernot. Carbon Dioxide as a Risky Asset[J],2024,177(5).
APA	Bauer, Adam Michael,Proistosescu, Cristian,&Wagner, Gernot.(2024).Carbon Dioxide as a Risky Asset.CLIMATIC CHANGE,177(5).
MLA	Bauer, Adam Michael,et al."Carbon Dioxide as a Risky Asset".CLIMATIC CHANGE 177.5(2024).