National responsibilities for adaptation strategies: Lessons from four modelling frameworks

Aaheim, A., Dokken, T., Hochrainer-Stigler, S., Hof, A., Jochem, E., Mechler, R. ORCID:, van Vuuren, D.P., Neufeldt, H., et al. (2010). National responsibilities for adaptation strategies: Lessons from four modelling frameworks. In: Making Climate Change Work for Us. Eds. Hulme, M. & Neufedlt, H., Cambridge: Cambridge University Press. ISBN 980521119412

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In this work we present an approach toward the sensitivity analysis of optimal economic growth to a negative environmental impact driven by random natural hazards that damage the production output. We use a simplified model of the GDP growth. We assume that production leads to th increase of the atmospheric GHG provided investment in cleaning is insufficient. The hypothesis of the Poisson probability distribution of the frequency of natural hazards is used at the this research stage. We apply the standard utility function-the discounted integral consumption and construct an optimal investment policy in production and cleaning together with optiml GDP trajectories. We calibrate the model in the global scale and analyze the sensitivity of obtained optimal growth scenarios with respect to uncertain parameters of the Poisson distribution.

Item Type: Book Section
Research Programs: Risk and Vulnerability (RAV)
Bibliographic Reference: In: M. Hulme and H. Neufedlt (eds); Making Climate Change Work for Us; Cambridge University Press, Cambridge, UK, pp.87-112
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Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 08:44
Last Modified: 27 Aug 2021 17:21

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