An Extended Integrated Assessment Model for Mitigation and Adaptation Policies on Climate Change

Semmler, Willi; Maurer, Helmut; Bonen, Anthony

doi:10.1007/978-3-319-75169-6_15

Cited by 10 publications

(11 citation statements)

References 17 publications

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“…• Investments should be fully tailored to the improvement of renewable energy sources instead of making fossil fuel energy sources more efficient, pointing to the need for policy instruments (like green bonds) that can fulfill this role (Semmler et al 2018).…”

Section: Combining Carbon Taxes With Green Bondsmentioning

confidence: 99%

Fiscal Policies for a Low-Carbon Economy

Semmler¹,

Braga²,

Lichtenberger³

et al. 2021

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This work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent.The World Bank does not guarantee the accuracy, completeness, or currency of the data included in this work and does not assume responsibility for any errors, omissions, or discrepancies in the information, or liability with respect to the use of or failure to use the information, methods, processes, or conclusions set forth. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries.Nothing herein shall constitute or be construed or considered to be a limitation upon or waiver of the privileges and immunities of The World Bank, all of which are specifically reserved.

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Section: Combining Carbon Taxes With Green Bondsmentioning

confidence: 99%

Fiscal Policies for a Low-Carbon Economy

Semmler¹,

Braga²,

Lichtenberger³

et al. 2021

Self Cite

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“…We selected this limited parameter range for φ for which reasonable results appear (see Semmler and Maurer, 2015) Figure 5 presents the steady state values of the allocation decisions, ν 1 , ν 2 and ν 3 as the nonlinear parameter φ rises from 0.22 to unity (i.e., the linear cost case).…”

Section: Dynamic Allocation Of Public Capitalmentioning

confidence: 99%

“…26 For details of how this algorithm works see Semmler and Maurer (2015). 27 That is, there are likely to be only corner solutions when the θν 3 g term in (9) linearly affectṡ M , the change in CO 2 atmospheric concentration.…”

Section: Dynamic Allocation Of Public Capitalmentioning

confidence: 99%

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Investing to Mitigate and Adapt to Climate Change: A Framework Model

Bonen

Loungani²,

Semmler³

et al. 2016

IMF Working Papers

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We propose a macroeconomic model to assess optimal public policy decisions in the the face of competing funding demands for climate change action versus traditional welfare-enhancing capital investment. How to properly delineate the costs and benefits of traditional versus adaption-focused development remains an open question. The paper places particular emphasis on the changing level of risk and vulnerabilities faced by developing countries as they allocate investment toward growth strategies, adapting to climate change and emissions mitigation.

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“…We build on a macro model developed by Bonen et al (2016), Semmler et al (2018b) and Semmler et al (2018a) which allows for studying the issue of large climate-related disaster shocks and climate change policies. Our model explicitly solves for fiscal and financial resources to deal with trade-offs between mitigation and adaptation policies.…”

Section: Introductionmentioning

confidence: 99%

Climate Disaster Risks—Empirics and a Multi-Phase Dynamic Model

2020

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Recent research in financial economics has shown that rare large disasters have the potential to disrupt financial sectors via the destruction of capital stocks and jumps in risk premia. These disruptions often entail negative feedback effects on the macroeconomy. Research on disaster risks has also actively been pursued in the macroeconomic models of climate change. Our paper uses insights from the former work to study disaster risks in the macroeconomics of climate change and to spell out policy needs. Empirically, the link between carbon dioxide emission and the frequency of climate related disaster is investigated using a panel data approach. The modeling part then uses a multi-phase dynamic macro model to explore the effects of rare large disasters resulting in capital losses and rising risk premia. Our proposed multi-phase dynamic model, incorporating climate-related disaster shocks and their aftermath as a distressed phase, is suitable for studying mitigation and adaptation policies as well as recovery policies.

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An Extended Integrated Assessment Model for Mitigation and Adaptation Policies on Climate Change

Cited by 10 publications

References 17 publications

Fiscal Policies for a Low-Carbon Economy

Fiscal Policies for a Low-Carbon Economy

Investing to Mitigate and Adapt to Climate Change: A Framework Model

Climate Disaster Risks—Empirics and a Multi-Phase Dynamic Model

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