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Uncertainty and climate change policy

Author

Listed:
  • John Quiggin

    (Department of Economics, University of Queensland)

Abstract

The paper consists of a summary of the main sources of uncertainty about climate change, and a discussion of the major implications for economic analysis and the formulation of climate policy. Uncertainty typically implies that the optimal policy is more risk-averse than otherwise, and therefore enhances the case for action to mitigate climate change.

Suggested Citation

  • John Quiggin, 2008. "Uncertainty and climate change policy," Climate Change Working Papers WPC08_2, Risk and Sustainable Management Group, University of Queensland, revised Sep 2008.
    • Handle: RePEc:rsm:climte:c08_2
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    File URL: http://www.uq.edu.au/rsmg/WP/WPC08_2.pdf
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    Citations

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    Cited by:

    1. Dritsas, Sophoclis E., 2020. "The effect of sea level rise on coastal populations: The case of the Gironde (Estuaries of Gironde)," Economic Analysis and Policy, Elsevier, vol. 66(C), pages 41-50.
    2. Aldred, Jonathan, 2013. "Justifying precautionary policies: Incommensurability and uncertainty," Ecological Economics, Elsevier, vol. 96(C), pages 132-140.
    3. Noah Kaufman, 2012. "The bias of integrated assessment models that ignore climate catastrophes," Climatic Change, Springer, vol. 110(3), pages 575-595, February.
    4. Seifert, Stefan & Low, Guy & Kodama, Wataru & Britz, Wolfgang & Heckelei, Thomas & Hüttel, Silke, 2025. "Climate extremes, irrigation and farms’ adaptation to climate change: The Danish case," EconStor Conference Papers 324746, ZBW - Leibniz Information Centre for Economics.
    5. Jason Alexandra, 2021. "Navigating the Anthropocene’s rivers of risk—climatic change and science-policy dilemmas in Australia’s Murray-Darling Basin," Climatic Change, Springer, vol. 165(1), pages 1-21, March.
    6. Pedro Conceição & Yanchun Zhang, 2010. "Discounting in the context of climate change economics: the policy implications of uncertainty and global asymmetries," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 12(1), pages 31-57, June.
    7. Halkos, George & Kitsos, Christos, 2018. "Uncertainty in environmental economics: The problem of entropy and model choice," Economic Analysis and Policy, Elsevier, vol. 60(C), pages 127-140.

    More about this item

    Keywords

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    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion

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