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The Political Economy of Global Warming. From Data to Decisions

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Author Info
Erling Røed Larsen () (Statistics Norway)
Abstract

This article studies the process from data acquisition to policy decision in relation to an optimum policy on global warming. Policymakers must be reasonably skeptical before proposing remedies to curb warming, but policymakers cannot await the final proof of any proposal's merit. Balancing evidence with doubt requires an informed approach, in which information is converted to knowledge and used to illuminate and compare human welfare connected to different scenarios. This article suggests, normatively, three essential elements for data based policies: evidence, consequence, and strategy. The presented framework for data based policymaking combines results from decision theory, economics, and political theory.

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Paper provided by Research Department of Statistics Norway in its series Discussion Papers with number 322.

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Date of creation: Jul 2002
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Handle: RePEc:ssb:dispap:322

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Related research
Keywords: data based; decision making; global warming; loss function; policymaking; social welfare; strategy; type-I error;

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Find related papers by JEL classification:
C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Statistical Decision Theory; Operations Research
D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy-Making and Implementation
H10 - Public Economics - - Structure and Scope of Government - - - General
Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy

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