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.
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| Format: | Working Papers biblioteca |
| Language: | English |
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Inter-American Development Bank
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| Subjects: | Climate Change, O44 - Environment and Growth, IDB-WP-212, |
| Online Access: | http://dx.doi.org/10.18235/0010829 https://publications.iadb.org/en/notes-optimal-growth-climate-change-calamities-adaptation-and-mitigation |
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dig-bid-node-99912024-05-30T20:25:17ZNotes on Optimal Growth, Climate Change Calamities, Adaptation and Mitigation 2010-09-23T00:00:00+0000 http://dx.doi.org/10.18235/0010829 https://publications.iadb.org/en/notes-optimal-growth-climate-change-calamities-adaptation-and-mitigation Inter-American Development Bank Climate Change O44 - Environment and Growth IDB-WP-212 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. Inter-American Development Bank Omar O. Chisari Working Papers application/pdf IDB Publications The Caribbean Central America South America en |
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BID |
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Estados Unidos |
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US |
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Bibliográfico |
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dig-bid |
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biblioteca |
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America del Norte |
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Biblioteca Felipe Herrera del BID |
| language |
English |
| topic |
Climate Change O44 - Environment and Growth IDB-WP-212 Climate Change O44 - Environment and Growth IDB-WP-212 |
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Climate Change O44 - Environment and Growth IDB-WP-212 Climate Change O44 - Environment and Growth IDB-WP-212 Inter-American Development Bank Notes on Optimal Growth, Climate Change Calamities, Adaptation and Mitigation |
| description |
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. |
| author2 |
Omar O. Chisari |
| author_facet |
Omar O. Chisari Inter-American Development Bank |
| format |
Working Papers |
| topic_facet |
Climate Change O44 - Environment and Growth IDB-WP-212 |
| author |
Inter-American Development Bank |
| author_sort |
Inter-American Development Bank |
| title |
Notes on Optimal Growth, Climate Change Calamities, Adaptation and Mitigation |
| title_short |
Notes on Optimal Growth, Climate Change Calamities, Adaptation and Mitigation |
| title_full |
Notes on Optimal Growth, Climate Change Calamities, Adaptation and Mitigation |
| title_fullStr |
Notes on Optimal Growth, Climate Change Calamities, Adaptation and Mitigation |
| title_full_unstemmed |
Notes on Optimal Growth, Climate Change Calamities, Adaptation and Mitigation |
| title_sort |
notes on optimal growth, climate change calamities, adaptation and mitigation |
| publisher |
Inter-American Development Bank |
| url |
http://dx.doi.org/10.18235/0010829 https://publications.iadb.org/en/notes-optimal-growth-climate-change-calamities-adaptation-and-mitigation |
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AT interamericandevelopmentbank notesonoptimalgrowthclimatechangecalamitiesadaptationandmitigation |
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1806236683869356032 |