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Uncertainty and Climate Change Policy

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Author Info
Quiggin, John () (School of Economics and School of Political Science and International Studies, University of Queensland)

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Abstract

The paper consists of a summary of the main sources of uncertainty about climate change, and a discussion of the major implications for economic analysis and the formulation of climate policy. Uncertainty typically implies that the optimal policy is more risk-averse than otherwise, and therefore enhances the case for action to mitigate climate change.

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Publisher Info
Article provided by Queensland University of Technology (QUT), School of Economics and Finance in its journal Economic Analysis and Policy (EAP).

Volume (Year): 38 (2008)
Issue (Month): 2 (September)
Pages: 203-210
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Handle: RePEc:eap:articl:v:38:y:2008:i:2:p:203-210

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Related research
Keywords: global warming; human-caused global warming; climate change; economics of climate change; uncertainty;

Find related papers by JEL classification:
Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters
Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
Z12 - Other Special Topics - - Cultural Economics - - - Religion

References listed on IDEAS
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  1. Lenos Trigeorgis, 1993. "Real Options and Interactions With Financial Flexibility," Financial Management, Financial Management Association, vol. 22(3), Fall.
  2. Adamson, David & Mallawaarachchi, Thilak & Quiggin, John, 2007. "Climate change and climate uncertainty in the Murray-Darling Basin," 2007 Conference (51st), February 13-16, 2007, Queenstown, New Zealand 10361, Australian Agricultural and Resource Economics Society. [Downloadable!]
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This page was last updated on 2009-11-22.

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