IDEAS home Printed from https://ideas.repec.org/a/wly/riskan/v15y1995i1p69-78.html

Managing the Risk of Global Climate Catastrophe: An Uncertainty Analysis

Author

Listed:
  • Hung‐po Chao

Abstract

Despite much scientific progress over many decades, the nature of global climate change remains highly uncertain, and the possibility of global climate catastrophe is one of the main concerns in public debates about global climate change. In this paper, we present a model which incorporates the risk of climate catastrophe in an analysis of greenhouse gas abatement strategy. In this model, the timing and severity of climate catastrophe are treated probabilistically. The impacts of key uncertainties on optimal policy are analyzed, and the expected values of additional information that reduces the uncertainty associated with the world economy, carbon cycle, climate change, and climate damage are estimated.

Suggested Citation

  • Hung‐po Chao, 1995. "Managing the Risk of Global Climate Catastrophe: An Uncertainty Analysis," Risk Analysis, John Wiley & Sons, vol. 15(1), pages 69-78, February.
    • Handle: RePEc:wly:riskan:v:15:y:1995:i:1:p:69-78
    DOI: 10.1111/j.1539-6924.1995.tb00094.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1539-6924.1995.tb00094.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1539-6924.1995.tb00094.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. repec:aen:journl:1992v13-01-a04 is not listed on IDEAS
    2. repec:aen:journl:1990v11-02-a03 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Pindyck, Robert S., 2000. "Irreversibilities and the timing of environmental policy," Resource and Energy Economics, Elsevier, vol. 22(3), pages 233-259, July.
    2. Toman, Michael & Shogren, Jason, 2000. "Climate Change Policy," RFF Working Paper Series dp-00-22, Resources for the Future.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:riskan:v:15:y:1995:i:1:p:69-78. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://doi.org/10.1111/(ISSN)1539-6924 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.