An abrupt stochastic damage function to analyse climate policy benefits

Minh Ha-Duong; Patrice Dumas

An abrupt stochastic damage function to analyse climate policy benefits

Minh Ha-Duong ¹ Patrice Dumas ¹

1 CIRED - Centre International de Recherche sur l'Environnement et le Développement

Abstract : This paper studies uncertainty about the non-linearity of climate change impact. The DIAM 2.3 model is used to compute the sensitivity of optimal CO2 emissions paths with respect to damage function parameters. This builds upon results of the EMF-14 uncertainty subgroup study by explicitly allowing for the possibility of threshold effects and hockey stick damage functions. It also extends to the cost-benefits framework previous studies about inertia of energy systems. Results show that the existence of a threshold in the damage function is critical to precautionary action. Optimal path are much less sensitive to uncertainty on the scale of the damages than on the threshold values.

Mots-clés : Changement climatique modélisation intégrée

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Book sections

Domain :

Humanities and Social Sciences / Economics and Finance

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https://halshs.archives-ouvertes.fr/halshs-00002451
Contributor : Minh Ha-Duong <>
Submitted on : Wednesday, August 4, 2004 - 6:58:43 PM
Last modification on : Friday, March 29, 2019 - 9:10:40 AM
Long-term archiving on : Monday, March 29, 2010 - 9:33:07 PM

An abrupt stochastic damage function to analyse climate policy benefits

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An abrupt stochastic damage function to analyse climate policy benefits

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