Equity and Risk in Integrated Assessment Models

May 29, 2015

Integrated Assessment Models (IAM) are models of the climate and the
economy used to investigate the consequences of climate policies on the
future evolution of climate and their impacts. Such models often
consider risk in a crude way, by focusing on most likely or expected
outcomes (through Monte-Carlo simulations). They rarely deal with the
questions of inter- and intragenerational. The worskop aims at
discussing how richer evaluations of risk (through risk and ambiguity
aversion) and of equity can be implemented in IAMs.