Uncertainty and climate change policy
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.
|Date of creation:||Sep 2008|
|Date of revision:||Sep 2008|
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- David Adamson & Thilak Mallawaarachchi & John Quiggin, 2007.
"Climate change and climate uncertainty in the Murray-Darling Basin,"
Murray-Darling Program Working Papers
WP2M07, Risk and Sustainable Management Group, University of Queensland.
- Adamson, David & Mallawaarachchi, Thilak & Quiggin, John C., 2007. "Climate change and climate uncertainty in the Murray-Darling Basin," 2007 Conference (51st), February 13-16, 2007, Queenstown, New Zealand 10361, Australian Agricultural and Resource Economics Society.
- Adamson, David & Mallawaarachchi, Thilak & Quiggin, John, 2007. "Climate change and climate uncertainty in the Murray-Darling Basin," Risk and Sustainable Management Group Working Papers 149868, University of Queensland, School of Economics.
- Lenos Trigeorgis, 1993. "Real Options and Interactions With Financial Flexibility," Financial Management, Financial Management Association, vol. 22(3), Fall.
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