The Contribution of Economics to the Analysis of Climate Change and Uncertainty: A Survey of Approaches and Findings
AbstractThere is a general agreement that (a) climate change is one of the most serious environmental problems, that (b) the analysis of climate change is confronted with a large degree of uncertainty and (c) that these uncertainties need to be taken into account to arrive at meaningful policy recommendations. The main contribution of economics to this interdisciplinary task is to provide formal frameworks and techniques for analyzing climate policy in the context of uncertainty. The aim of this paper is to give a comprehensive survey of existing approaches and findings and thus to give a broad picture of what economics has contributed and can contribute to the debate.
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Bibliographic InfoPaper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number 1212.
Length: 36 pages
Date of creation: May 2004
Date of revision:
Climate change; uncertainty; survey; modeling;
Find related papers by JEL classification:
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters
- C60 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - General
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
This paper has been announced in the following NEP Reports:
- NEP-ACC-2004-09-05 (Accounting & Auditing)
- NEP-ALL-2004-09-05 (All new papers)
- NEP-HPE-2004-09-05 (History & Philosophy of Economics)
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