eprintid: 1931
rev_number: 8
eprint_status: archive
userid: 1
dir: disk0/00/00/19/31
datestamp: 2002-02-20 00:00:00
lastmod: 2014-04-03 11:35:08
status_changed: 2012-08-14 15:03:20
type: doctoralThesis
metadata_visibility: show
creators_name: Klimpel, Susanne
title: Betting on Global Warming : The Impact of Insurance Instruments on Mitigation of Climate Change
title_de: Wetten auf den Klimawandel : Der Einfluss von Versicherungsinstrumenten auf die Vermeidung von Treibhausgasen
ispublished: pub
subjects: 330
divisions: 181000
adv_faculty: af-18
keywords: Endogene Risikenclimate change , mitigation , insurance , incomplete information , endogenous risk
cterms_swd: Klima
cterms_swd: Versicherung ,Unvollkommene Information
abstract_translated_text: Since the 1980's the phenomenon of potential climate change or 'global warming' has been one of the predominant topics in environmental economics. Uncertainty is one of the main characteristics of climate change since many important scientific relationships are not yet well enough understood. Note that due to human activity, including abatement activity, climate uncertainty is endogenous uncertainty.  Facing the uncertainty associated with global warming different types of response could be taken, as for example mitigation and insurance.  This doctoral thesis focuses on the relation between the insurance and the  mitigation approach. It studies the impact of insurance instruments on  mitigation of climate change. The main characteristic of the financial  instruments considered, called 'climate securities', is that their payoff  depends on the future state of the climate, i.e. a set of climate-relevant data.  Broadly speaking, buying or selling of such assets amounts to 'betting on the  climate state.'  A large part of the analysis is concerned, in particular, with the specific  claim that financial instruments defined on the climate state can reduce free  riding behaviour with respect to abatement of greenhouse gases. This claim  originates from the Intergovernmental Panel on Climate Change's Second  Assessment Report in 1995. However, there is no formal analysis of this claim  in the literature.  The impact of markets for climate securities is investigated within two  different modelling frameworks. The first approach focuses on incomplete  information with respect to countries' assessments of climate uncertainty  whereas the second approach concentrates on endogenity of climate uncertainty.  Uncertainty with respect to the climate state is common to both models. 
abstract_translated_lang: eng
class_scheme: thes_soz
date: 2001
date_type: published
id_scheme: DOI
id_number: 10.11588/heidok.00001931
ppn_swb: 1643272306
own_urn: urn:nbn:de:bsz:16-opus-19319
date_accepted: 2002-01-29
advisor: HASH(0x564e1c5cca70)
language: eng
bibsort: KLIMPELSUSBETTINGONG2001
full_text_status: public
citation:   Klimpel, Susanne  (2001) Betting on Global Warming : The Impact of Insurance Instruments on Mitigation of Climate Change.  [Dissertation]     
document_url: https://archiv.ub.uni-heidelberg.de/volltextserver/1931/1/Dissertation-Klimpel.pdf