Climate Change Uncertainty Quantification: Lessons Learned from the Joint EU-USNRC Project on Uncertainty Analysis of Probabilistic Accident Consequence Codes
AbstractBetween 1990 and 2000 the U.S. Nuclear Regulatory Commission and the Commission of the European Communities conducted a joint uncertainty analysis of accident consequences for nuclear power plants. This study remains a benchmark for uncertainty analysis of large models involving high risks with high public visibility, and where substantial uncertainty exists. The study set standards with regard to structured expert judgment, performance assessment, dependence elicitation and modeling and uncertainty propagation of high dimensional distributions with complex dependence. The integrated assessment models for the economic effects of climate change also involve high risks and large uncertainties, and interest in conducting a proper uncertainty analysis is growing. This article reviews the EU-USNRC effort and extracts lessons learned, with a view toward informing a comparable effort for the economic effects of climate change.
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Bibliographic InfoPaper provided by Resources For the Future in its series Discussion Papers with number dp-10-29.
Date of creation: 20 May 2010
Date of revision:
uncertainty analysis; expert judgment; expert elicitation; probabilistic inversion; dependence modeling; nuclear safety;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-05-29 (All new papers)
- NEP-ENE-2010-05-29 (Energy Economics)
- NEP-ENV-2010-05-29 (Environmental Economics)
- NEP-EUR-2010-05-29 (Microeconomic European Issues)
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