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Uncertain climate results and a rational climate policy

Author

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  • Heike Auerswald
  • Kai A. Konrad
  • Marcel Thum

Abstract

In the opinion of Heike Auerswald, Technical University of Dresden, Kai A. Konrad, Max-Planck-Institute for Tax Law and Public Finance, and Marcel Thum, Technical University of Dresden and Ifo Dresden, not only the global importance of the problem plays a role in the climate policies of individual countries but also the great uncertainty regarding potential future damage. Unilateral climate-policy action in a world of risk-averse decision-makers can actually lead to an increase in global greenhouse gas emissions. They recommend a strategy concentrated on adaptation measures. These not only protect one’s own country from the consequences of climate change but also force other stakeholders to increase investment in emission abatement and thus reduce the global risks from climate change.

Suggested Citation

  • Heike Auerswald & Kai A. Konrad & Marcel Thum, 2011. "Uncertain climate results and a rational climate policy," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 64(18), pages 40-43, October.
    • Handle: RePEc:ces:ifosdt:v:64:y:2011:i:18:p:40-43
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    References listed on IDEAS

    as
    1. Hans‐Werner Sinn, 2008. "Das grüne Paradoxon: Warum man das Angebot bei der Klimapolitik nicht vergessen darf," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 9(s1), pages 109-142, May.
    2. Richard S J Tol, 2018. "The Economic Impacts of Climate Change," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 12(1), pages 4-25.
    3. Hans-Werner Sinn, 2008. "Das grüne Paradoxon: Warum man das Angebot bei der Klimapolitik nicht vergessen darf," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 9(s1), pages 109-142, May.
    4. Heike Auerswald & Kai A. Konrad & Marcel Thum, 2018. "Adaptation, mitigation and risk-taking in climate policy," Journal of Economics, Springer, vol. 124(3), pages 269-287, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General

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