How Can We “Take Urgent Action to Combat Climate Change and its Impact” (UN SDG N.13) under Ambiguity Aversion?
Journal Title: European Journal of Sustainable Development Research - Year 2018, Vol 2, Issue 2
Abstract
The objective of this paper is to study in which way the strategies to combat climate change, as prescribed in the UN SDG number 13, are influenced by ambiguity aversion. Countries can tailor the UN SDGs to their priorities and situations, but the urgency in their planned actions to combat climate change and its impact is affected by the form of uncertainty surrounding their decisions. Following a Choquet-Brownian process to model ambiguity aversion on the dynamics of environmental damage, we study an international pollution control problem where countries may behave cooperatively or non-cooperatively. We show that carbon emissions decrease, as perceived ambiguity increases, in keeping with the precautionary principle, and such decrease is lower if countries behave non-cooperatively. We also examine the interrelation between the precautionary principle and the effects of a declining social discount rate and increase in population, and find that optimal policies induce more precaution. Our results have important implications for national strategies and actions to combat climate change.
Authors and Affiliations
Elettra Agliardi
Keywords
Related Articles
- EP ID EP323866
- DOI 10.20897/ejosdr/85339
- Views 107
- Downloads 0
Descriptive Analysis of Viewpoint of Students and Faculty towards Information and Communication Technology in Relation to Gender: A Case Study of Indian Universities
This paper explores the current scenario of Information and communication technology (ICT) awareness in Government and Private Universities located in two northern states in India. It emphasizes on the faculty and studen...
Regulation of Nanorefrigerant Use: A Proactive Measure Against Possible Undesirable Health and Environmental Implications
Recent research studies have shown the very high potentials nanotechnology application has in the refrigeration and air conditioning industry for improving the thermophysical properties of refrigerants and lubricants hen...
The Circular Economy and the Leading European Retailers: A Research Note
The concept of the circular economy is gaining momentum in political and business thinking about the transition to a more sustainable future. EuroCommerce and the European Retail Round Table, for example, have argued tha...
Identification of Skills Needed for Central Areas of Green and Low-Carbon Economy, for the Needs of Labor Market, in Finland
EU has set sustainable growth as a goal for 2020, by which a transition to a more resource efficient greener and competitive economy should be achieved. This requires new skills in business life. We have studied how voca...
One Year of Sustainable Development Research
This issue of the European Journal of Sustainable Development Research marks its first anniversary, and demonstrates that the journal has already made a notable impact on the field of sustainable development through havi...