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  1. No Access

    Article

    Portfolio selection with probabilistic utility

    Inspired by statistical physics, we present a probabilistic approach to portfolio selection. Instead of seeking the global extremum of some chosen utility function, we reinterpret the latter as a probability d...

    Robert Marschinski, Pietro Rossi, Massimo Tavoni in Annals of Operations Research (2007)

  2. No Access

    Article

    Delayed action and uncertain stabilisation targets. How much will the delay cost?

    Despite the growing concern about actual on-going climate change, there is little consensus on the scale and timing of actions needed to stabilise the concentrations of greenhouse gases. Many countries are unw...

    Valentina Bosetti, Carlo Carraro, Alessandra Sgobbi, Massimo Tavoni in Climatic Change (2009)

  3. Article

    Open Access

    A Chinese commitment to commit: can it break the negotiation stall?

    Preparatory talks to the next round of negotiations seem to indicate that a comprehensive agreement to mitigate climate change will not be easily attainable, despite the intentions of the US administration and...

    Valentina Bosetti, Carlo Carraro, Massimo Tavoni in Climatic Change (2009)

  4. Article

    Open Access

    Counting only the hits? The risk of underestimating the costs of stringent climate policy

    This paper warns against the risk of underestimating the costs—and the uncertainty about the costs—of achieving stringent stabilization targets. We argue that a straightforward review of integrated assessment ...

    Massimo Tavoni, Richard S. J. Tol in Climatic Change (2010)

  5. No Access

    Article

    Nuclear Versus Coal plus CCS: a Comparison of Two Competitive Base-Load Climate Control Options

    In this paper, we analyze the relative importance and mutual behavior of two competing base-load electricity generation options that each are capable of contributing significantly to the abatement of global CO2 e...

    Massimo Tavoni, Bob van der Zwaan in Environmental Modeling & Assessment (2011)

  6. No Access

    Article

    Timing of Mitigation and Technology Availability in Achieving a Low-Carbon World

    This paper analyzes the economic and investment implications of a series of climate mitigation scenarios, characterized by different levels of ambition for long-term stabilization goals and transitional pathwa...

    Valentina Bosetti, Carlo Carraro, Massimo Tavoni in Environmental and Resource Economics (2012)

  7. No Access

    Article

    Time to act now? Assessing the costs of delaying climate measures and benefits of early action

    This paper compares the results of the three state of the art climate-energy-economy models IMACLIM-R, ReMIND-R, and WITCH to assess the costs of climate change mitigation in scenarios in which the implementat...

    Michael Jakob, Gunnar Luderer, Jan Steckel, Massimo Tavoni in Climatic Change (2012)

  8. No Access

    Article

    The value of technology and of its evolution towards a low carbon economy

    This paper assesses the economic value associated with the development of various low-carbon technologies in the context of climate stabilization. We analyze the impact of restrictions on the development of sp...

    Massimo Tavoni, Enrica De Cian, Gunnar Luderer, Jan Christoph Steckel in Climatic Change (2012)

  9. No Access

    Article

    Technology innovation and diffusion in “less than ideal” climate policies: An assessment with the WITCH model

    This paper examines the dynamics of innovation in low-carbon energy technologies distinguishing between research and development and technology diffusion as a response to alternative climate policies. We asses...

    Enrica De Cian, Valentina Bosetti, Massimo Tavoni in Climatic Change (2012)

  10. Article

    Open Access

    Modeling meets science and technology: an introduction to a special issue on negative emissions

    This article introduces the Climatic Change special issue dedicated to negative emissions technologies, also known as carbon dioxide removal (CDR) from the atmosphere. CDR is the only class of mitigation optio...

    Massimo Tavoni, Robert Socolow in Climatic Change (2013)

  11. Article

    Open Access

    Direct air capture of CO2 and climate stabilization: A model based assessment

    This paper provides a novel assessment of the role of direct air capture of CO2 from ambient air (DAC) on the feasibility of achieving stringent climate stabilization. We use the WITCH energy-economy-climate mode...

    Chen Chen, Massimo Tavoni in Climatic Change (2013)

  12. Article

    Foreword to the special issue: climate change, extremes, and energy systems

    Michael Mastrandrea, Massimo Tavoni in Climatic Change (2013)

  13. No Access

    Article

    Counting only the hits—a rejoinder

    Massimo Tavoni, Richard S. J. Tol in Climatic Change (2013)

  14. No Access

    Article

    Human Capital, Innovation, and Climate Policy: an Integrated Assessment

    This paper looks at the interplay between human capital and innovation when climate and educational policies are implemented. Following recent empirical studies, human capital and general purpose research and ...

    Carlo Carraro, Enrica De Cian, Massimo Tavoni in Environmental Modeling & Assessment (2014)

  15. No Access

    Article

    Innovation benefits from nuclear phase-out: can they compensate the costs?

    This paper investigates whether an inefficient allocation of abatement due to constraints on the use of currently available low carbon mitigation options can promote innovation in new technologies and have a p...

    Enrica De Cian, Samuel Carrara, Massimo Tavoni in Climatic Change (2014)

  16. No Access

    Article

    The role of technology for achieving climate policy objectives: overview of the EMF 27 study on global technology and climate policy strategies

    This article presents the synthesis of results from the Stanford Energy Modeling Forum Study 27, an inter-comparison of 18 energy-economy and integrated assessment models. The study investigated the importance...

    Elmar Kriegler, John P. Weyant, Geoffrey J. Blanford, Volker Krey in Climatic Change (2014)

  17. No Access

    Article

    Harmonization vs. fragmentation: overview of climate policy scenarios in EMF27

    This paper synthesizes results of the multi-model Energy Modeling Forum 27 (EMF27) with a focus on climate policy scenarios. The study included two harmonized long-term climate targets of 450 ppm CO2-e (enforced ...

    Geoffrey J. Blanford, Elmar Kriegler, Massimo Tavoni in Climatic Change (2014)

  18. No Access

    Article

    Betting on negative emissions

    Bioenergy with carbon capture and storage could be used to remove carbon dioxide from the atmosphere. However, its credibility as a climate change mitigation option is unproven and its widespread deployment in...

    Sabine Fuss, Josep G. Canadell, Glen P. Peters, Massimo Tavoni in Nature Climate Change (2014)

  19. No Access

    Article

    Limited impact on decadal-scale climate change from increased use of natural gas

    It has been hoped that making abundant natural gas available by hydraulic fracturing (fracking) would reduce greenhouse gas emissions but now modelling shows that increased consumption will have limited effect...

    Haewon McJeon, Jae Edmonds, Nico Bauer, Leon Clarke, Brian Fisher in Nature (2014)

  20. No Access

    Article

    Post-2020 climate agreements in the major economies assessed in the light of global models

    Experts using integrated assessment models to analyse the effects of climate change policy, have recently engaged in model inter-comparison projects (MIPs) to generate conclusions robust to different models' s...

    Massimo Tavoni, Elmar Kriegler, Keywan Riahi, Detlef P. van Vuuren in Nature Climate Change (2015)

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