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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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File URL: http://eap-journal.com/archive/v38_i2_03_quiggin.pdf
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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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Web page: http://www.journals.elsevier.com/economic-analysis-and-policy/
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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. Adamson, David & Mallawaarachchi, Thilak & Quiggin, John C., 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.
  2. 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.
  3. Lenos Trigeorgis, 1993. "Real Options and Interactions With Financial Flexibility," Financial Management, Financial Management Association, vol. 22(3), Fall.
  4. Quiggin, John, 2005. "The Precautionary Principle in Environmental Policy and the Theory of Choice under Uncertainty," Risk and Sustainable Management Group Working Papers 149847, University of Queensland, School of Economics.
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Citations

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Cited by:
  1. Noah Kaufman, 2012. "The bias of integrated assessment models that ignore climate catastrophes," Climatic Change, Springer, vol. 110(3), pages 575-595, February.
  2. 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.
  3. Aldred, Jonathan, 2013. "Justifying precautionary policies: Incommensurability and uncertainty," Ecological Economics, Elsevier, vol. 96(C), pages 132-140.

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