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Climate change and climate uncertainty in the Murray-Darling Basin

Author

Listed:
  • David Adamson

    (Risk and Sustainable Management Group, University of Queensland)

  • Thilak Mallawaarachchi

    (Risk and Sustainable Management Group, University of Queensland)

  • John Quiggin

    (Risk & Sustainable Management Group, School of Economics, University of Queensland)

Abstract

It is likely that climate change will be associated with reductions in inflows of water to the Murray–Darling Basin In this paper, we analyse the effects of climate change in the Murray–Darling Basin, using a simulation model that incorporates a state-contingent representation of uncertainty. The severity of the impact depends, in large measure, on the extent to which climate change is manifested as an increase in the frequency of drought conditions. Adaptation will partially offset the adverse impact of climate change.

Suggested Citation

  • 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.
    • Handle: RePEc:rsm:murray:m07_2
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    File URL: http://www.uq.edu.au/rsmg/WP/WPM07_2.pdf
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    Cited by:

    1. Hughes, Neal, 2009. "Management of irrigation water storages: carryover rights and capacity sharing," 2009 Conference (53rd), February 11-13, 2009, Cairns, Australia 47642, Australian Agricultural and Resource Economics Society.
    2. Quiggin, John, 2008. "Uncertainty and Climate Change Policy," Economic Analysis and Policy, Elsevier, vol. 38(2), pages 203-210, September.

    More about this item

    Keywords

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    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water

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