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Three Essays on the Economics of Climate Change.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Three Essays on the Economics of Climate Change./
作者:	Flaherty, Michael.
面頁冊數:	1 online resource (118 pages)
附註:	Source: Dissertations Abstracts International, Volume: 84-02, Section: B.
Contained By:	Dissertations Abstracts International84-02B.
標題:	Climate change. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=29210873click for full text (PQDT)
ISBN:	9798841749882

Three Essays on the Economics of Climate Change.
Flaherty, Michael.

Three Essays on the Economics of Climate Change. - 1 online resource (118 pages)

Source: Dissertations Abstracts International, Volume: 84-02, Section: B.

Thesis (Ph.D.)--The New School, 2022.

Includes bibliographical references

This research addresses topics related to the economics of climate change. There are two large objectives for climate change research and policy: mitigation and adaptation. Climate change mitigation is concerned with reducing greenhouse gas levels in the atmosphere, limiting future damages by preserving environmental sinks. Climate change adaptation, on the other hand, concerns matters related to minimizing damages of inevitable or projected climate change. In this research, there is one essay related to the financing of mitigation projects, there is one essay related to the adaptive benefits of insurance programs, and there is one essay considering the tradeoffs between mitigation and adaptation objectives.In the first essay, we adapt a Nordhaus (2008) model of economic growth with climate change damages to show how the issuance of green bonds can facilitate climate change mitigation effort, while sharing the burden of payment with the future generations that are likely to benefit from the more sustainable economy. This research builds adapts some of the basic framework of Nordhaus's RICE-DICE model as a starting point, and then attempts to elaborate the thesis posited by Sachs (2014) that the intertemporal burden sharing of climate change costs is a Pareto-improving outcome. The second essay explores the relationship between climate change disasters and property insurance. Insurance may be an important adaptation tool as the impacts of climate change become more frequent and more severe; insurance is ultimately a mechanism that spreads risk across a broad coverage base, and funnels funds to the most adversely affected in the aftermath of disaster events. Using disaster incidence data from the Federal Emergency Management Agency (FEMA) and insurance premium data from the National Association of Insurance Commissioners, we construct a set of empirical models to find how increasing disaster incidence influences property insurance prices. The research finds that increasing incidence of disaster-level events leads to an increase in insurance premiums; without proper public policy support, the effectiveness of insurance as a buffer to catastrophic outcomes may be lessened.The third paper explores the tradeoffs between mitigation and adaptation efforts. Mitigation of greenhouse gas emissions is the path to a sustainable economy, but it requires significant overhaul in infrastructure and behavior and its benefits are not realized for decades (if not generations). The benefits of adaptation are more immediate, both in terms of time and in terms of proximity, and don't necessarily require new energy sources or new behaviors; however, adaptation alone is not a sustainable long term solution if greenhouse gas emissions persist and exacerbate the climate pathways. We use a number of tools, from a simple 2x2 game to dynamic pathway analysis to Nonlinear Model Predictive Control modeling, to consider the tradeoffs.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2023

Mode of access: World Wide Web

ISBN: 9798841749882Subjects--Topical Terms:

2079509
Climate change.
Subjects--Index Terms:

AdaptationIndex Terms--Genre/Form:

542853
Electronic books.

Three Essays on the Economics of Climate Change.
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