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Introduction, Alexander Golub and Anil Markandya, 1 Cost and benefits of climate policy under uncertainty, Alexander Golub, Elena Strukova and James Wang, 2 Trade-offs between expectations and uncertainties: Application of Real Option Methodology for Climate Policy Analysis, Jon Anda, Alexander Golub and Elena Strukova, 3 Learning about Climate Change and Implications for Near-term Policy, Mort Webster, Lisa Jakobovits and James Norton, 4 Structural Uncertainty in the DICE Model, AJ A. Bostian and Alexander Golub, 5 Abatement Cost Uncertainty and Policy Instrument Selection Under a Stringent Climate Policy. A Dynamic Analysis, Valentina Bosetti, Alexander Golub, Anil Markandya, Emanuele Massetti and Massimo Tavoni, 6 The Effects of Climate Policy on the Energy Technology Mix: An Integrated CVaR and Real Options Approach, Sabine Fuss, Nikolay Khabarov, Jana Szolgayova and Michael Obersteiner, 7 Risk-averse firm and new technologies, Alexander Golub, Dan Dudek and Elena Strukova, 8 The Evolution of Technological Complexity: An agent-based simulation model of the global energy system, Tieju Ma and Arnulf Grubler, Appendix A--Main Mathematical Formulations of the Model, 9 Does the Kyoto Protocol Cost too much and Create Unbreakable Barriers for Economic Growth?, Alexander Golub, Anil Markandya and Dominic Marcellino, 10 Improving the Contribution of Economic Models in Evaluating Energy and Climate Change Mitigation Policies, John A. "Skip" Laitner, 11 The Economic Benefits of an Energy-Efficient and Onsite Renewable Energy Strategy to Meet Growing Electricity Needs in Texas, John A. "Skip" Laitner, Maggie Eldridge and R. Neal Elliott, 12 Low-cost offsets and incentives for new technologies. Alexander Golub and Noah Greenberg.