Arbeitspapier
Modeling Uncertainty in Climate Change: A Multi-Model Comparison
The economics of climate change involves a vast array of uncertainties, complicating both the analysis and development of climate policy. This study presents the results of the first comprehensive study of uncertainty in climate change using multiple integrated assessment models. The study looks at model and parametric uncertainties for population, total factor productivity, and climate sensitivity. It estimates the pdfs of key output variables, including CO2 concentrations, temperature, damages, and the social cost of carbon (SCC). One key finding is that parametric uncertainty is more important than uncertainty in model structure. Our resulting pdfs also provide insights on tail events.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 5538
- Klassifikation
-
Wirtschaft
Climate; Natural Disasters and Their Management; Global Warming
- Thema
-
climate change
integrated assessment models
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Gillingham, Kenneth
Nordhaus, William
Anthoff, David
Blanford, Geoffrey
Bosetti, Valentina
Christensen, Peter
McJeon, Haewon
Reilly, John
Sztorc, Paul
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2015
- 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.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Gillingham, Kenneth
- Nordhaus, William
- Anthoff, David
- Blanford, Geoffrey
- Bosetti, Valentina
- Christensen, Peter
- McJeon, Haewon
- Reilly, John
- Sztorc, Paul
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2015
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