ECCUITY - Economics of Climate Change: Distribution, Efficiency, and Policy under Uncertainty
[01.07.2012 - 30.06.2015]
ECCUITY aims at analytical understanding of the combined effect of different wealth-distribution targets and risk externalities for intertemporal equity and efficiency under uncertainty, and development of decision-support for the design of international climate policies, i.e. instruments, insurance schemes and international agreements. We study the combined effect of alternative wealth-distribution targets and risk externalities in recently proposed climate policies, in particular emission trading schemes with refunding and climate engineering.