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License: CC BY
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Project deliverable . 2025
License: CC BY
Data sources: Datacite
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Innovating Climate-Economy Modelling: Dealing with Uncertainty, Risk and Complexity

Authors: Keliauskaite, Ugne; Fragkiadakis,, Kostas; Tsiaras,, Stelios; Charalampidis, Giannis; Haas, Jonas; Bacca, Sebastiano; Mechler, Reinhard; +2 Authors

Innovating Climate-Economy Modelling: Dealing with Uncertainty, Risk and Complexity

Abstract

This policy brief presents five recent modelling advances that strengthen the evidence base for climate and biodiversity action and economic decision-making amidst uncertainty based on DECIPHER research:1.Emulation for Uncertainty Quantification – enabling thousands of simulations to identify which policies are robust across many futures.2.Rational Expectations in Computable General Equilibrium (CGE) Models – showing how forward-looking investment behavior can lower transition costs and smooth shocks.3.Cost of Financing in Technology Diffusion – reflecting how interest rates and capital costs affect the uptake of clean technologies.4.Flood and Coastal Damage Assessment – linking detailed coastal risk assessment with macroeconomic models to reveal the economic value of adaptation.5.Multiple Resilience Dividend – capturing avoided losses, development co-benefits and inequality reductions from risk-management investments, strengthening the case for sustained adaptation and mitigation.

Keywords

Uncertainty, IAM, Modelling

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
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