"The project was carried on in four work packages and delivered 3 deliverables in form of published papers. The first working package was concerned with the review of the existing work and study the decision making criteria. This working package included a summary of the latest research in the field of climate change economic modeling. In particular, the study was focused on how mitigation technologies have been modeled in the integrated assessment models of climate change and economy. The results from this work package were published in the form of a working paper (Shayegh, Soheil, Valentina Bosetti, Simon Dietz, Johannes Emmerling, Christoph Hambel, Svenn Jensen, Holger Kraft, Massimo Tavoni, Christian P. Traeger, and Rick Van der Ploeg. ""Recalculating the Social Cost of Carbon."" (2018)).
In the second working package the fellow demonstrated the avenues where uncertainties in calculating the social cost of carbon has overshadowed the significance of climate policy making and has led to divergence in policy recommendations from climate change economic modeling community. This led to the development of a new framework for studying uncertainties and designing robust climate policies. The framework was tested in the context of modeling carbon dioxide removal technologies and the results were tested under different policy preferences and decision criteria.
The third work package was devoted to developing a framework for studying risk and uncertainty and developing a robust policy. Different methodologies were used and the results were shown to be robust against a variety of uncertainties in the model. At the end of this work package too, a paper was developed to demonstrate the use of this framework in modeling climate change consequences of outgassing from the oceans (Manoussi, Vassiliki, Soheil Shayegh, and Massimo Tavoni. ""Optimal Carbon Dioxide Removal in Face of Ocean Carbon Sink Feedback."" (2017)).
Finally, the last work package was developed to generate new set of robust climate policies. The framework was also tested in the model of climate change-induced migration and the results were demonstrated to be significantly robust. The case of climate induced migration was studied under this work package and migration policies for future scenarios of climate change were developed (Shayegh, Soheil, and Gregory Casey. ""To Go or not to Go: Migration Alleviates Climate Damages even for Those Who Stay Behind."" (2017)).
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