August 13, 2017

BC3 Journal Article “Valuation of Real Options in Crude Oil Production”

Oil producers are going through a hard period. They have a number of real options at their disposal. This paper addresses the valuation of two of them: the option to delay investment and the option to abandon a producing field.
July 24, 2017

BC3 Journal Article “The Green Climate Fund as an effective compensatory mechanism in global climate negotiations”

This paper investigates the role of the Green Climate Fund (GCF) as a potential compensating measure for both adaptation and mitigation actions under a global climate regime. A dynamic climate-economy computable general equilibrium model (GDynEP) is developed by including both a monetary valuation of climate change damage costs and two alternative methods to determine the allocation of GCF resources among receiving countries and between adaptation and mitigation contributions.
July 20, 2017

BC3 Journal Article “The effect of flooding on mental health: Lessons learned for building resilience”

Risk management and climate adaptation literature focuses mainly on reducing the impacts of, exposure to, and vulnerability to extreme events such as floods and droughts. Posttraumatic stress disorder is one of the most important impacts related to these events, but also a relatively under-researched topic outside original psychopathological contexts. We conduct a survey to investigate the mental stress caused by floods.
July 17, 2017

BC3 Journal Article “The Adaptive Marine Policy (AMP) toolbox: Supporting policy-makers developing adaptive policies in the Mediterranean and Black Sea”

Adaptive management is essential to the practical application of the Ecosystem-Based Approach (EBA). Despite there are frequent assertions that adaptive management is being used, evidence on its success is still limited. Indeed, it is difficult to bring the different elements of adaptive management together in a robust way and to choose the appropriate tools to do it.
July 17, 2017

“El Iceberg que cambiará el mapamundi” interview given by Prof. Sérgio H. Faría to the newspaper “La Razón”

Entrevista realizada por el medio "La Razón" al investigador de BC3 Sérgio H. Faría (2/07/2017). Ver páginas 16-17.

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Dissemination

Designed to disseminate and disclose rigorous information on climate change.

Science Education and Public Awareness

Raising awareness of Climate Change at Basque Country Scale

BC3 Initiatives in collaboration with external organizations