caa a22 4500 477058507 CHVBK 20180405111353.0 cr unu---uuuuu 170330e19960301xx s 000 0 eng 10.1007/BF01874846 doi (NATIONALLICENCE)springer-10.1007/BF01874846 Near term mitigation policy for global change under uncertainty: Minimizing the expected cost of meeting unknown concentration thresholds [Elektronische Daten] [Gary Yohe, Rodney Wallace] An aggregate integrated assessment model is used to investigate the relative merits of hedging over the near term against the chance that atmospheric concentrations of carbon dioxide will be limited as a matter of global policy. Hedging strategies are evaluated given near term uncertainty about the targeted level of limited concentrationsand the trajectory of future carbon emissions. All uncertainty is resolved in the year 2020, and strategies that minimize the expected discounted value of the long term cost of abatement, including the extra cost of adjusting downstream to meet unexpected concentration limits along unanticipated emission trajectories, are identified. Even with uncertainties that span current wisdom on emission futures and restriction thresholds that run from 550 ppm through 850 ppm, the results offer support for at most modest abatement response over the next several decades to the threat of global change. Baltzer Science Publishers, 1996 Yohe Gary Department of Economics, Wesleyan University, 06459, Middletown, CT, USA aut Wallace Rodney Department of Economics, University of Michigan, 48109, Ann Arbor, MI, USA aut Environmental Modeling & Assessment Baltzer Science Publishers, Baarn/Kluwer Academic Publishers 1/1-2(1996-03-01), 47-57 1420-2026 1:1-2<47 1996 1 10666 https://doi.org/10.1007/BF01874846 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF01874846 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Yohe Gary Department of Economics, Wesleyan University, 06459, Middletown, CT, USA aut NATIONALLICENCE 700 1- Wallace Rodney Department of Economics, University of Michigan, 48109, Ann Arbor, MI, USA aut NATIONALLICENCE 773 0- Environmental Modeling & Assessment Baltzer Science Publishers, Baarn/Kluwer Academic Publishers 1/1-2(1996-03-01), 47-57 1420-2026 1:1-2<47 1996 1 10666 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer