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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)

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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Bibliographic 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;

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References

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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  1. John Quiggin, 2005. "The precautionary principle in environmental policy and the theory of choice under uncertainty," Murray-Darling Program Working Papers WPM05_3, Risk and Sustainable Management Group, University of Queensland.
  2. Lenos Trigeorgis, 1993. "Real Options and Interactions With Financial Flexibility," Financial Management, Financial Management Association, vol. 22(3), Fall.
  3. David Adamson & Thilak Mallawaarachchi & John Quiggin, 2007. "Climate change and climate uncertainty in the Murray-Darling Basin," Murray-Darling Program Working Papers WP2M07, Risk and Sustainable Management Group, University of Queensland.
  4. John Quiggin, 2007. "Counting the cost of climate change at an agricultural level," Climate Change Working Papers WPC07_5, Risk and Sustainable Management Group, University of Queensland.
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Cited by:
  1. Pedro Conceição & Yanchun Zhang, 2010. "Discounting in the context of climate change economics: the policy implications of uncertainty and global asymmetries," Environmental Economics and Policy Studies, Society for Environmental Economics and Policy Studies - SEEPS, vol. 12(1), pages 31-57, June.

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