Uncertain outcomes and climate change policy
نویسندگان
چکیده
منابع مشابه
Uncertain Outcomes and Climate Change Policy
Focusing on tail effects, I incorporate distributions for temperature change and its economic impact in an analysis of climate change policy. I estimate the fraction of consumption w(τ ) that society would be willing to sacrifice to ensure that any increase in temperature at a future point is limited to τ . Using information on the distributions for temperature change and economic impact from s...
متن کاملUncertain Outcomes and Climate
Focusing on tail effects, I incorporate distributions for temperature change and its economic impact in an analysis of climate change policy. I estimate the fraction of consumption w(τ ) that society would be willing to sacrifice to ensure that any increase in temperature at a future point is limited to τ . Using information on the distributions for temperature change and economic impact from s...
متن کاملClimate Change and Industrial Policy
This paper explores the implications of climate change for industrial policy (IP). Five implications are discussed, namely the need for international coordination of IPs; for putting human development, and not emission targets, as the overriding objective of low-carbon IP; of stimulating innovation for energy efficiency, energy diversification, and carbon capture and storage; and for aligning I...
متن کاملUncertainty and Climate Change Policy
Uncertainty is a pervasive feature of climate change analysis. This paper explores the consequences for policymakers. Importantly, uncertainty means that every policy has a range of possible outcomes rather than a single estimate. At a minimum, this requires policymakers to decide how to compare these different outcomes and to determine the likelihood that each outcome occurs. While objective a...
متن کاملSequential climate change policy
Successfully managing global climate change will require a process of sequential, or iterative, decision-making, whereby policies and other decisions are revised repeatedly over multiple decades in response to changes in scientific knowledge, technological capabilities, or other conditions. Sequential decisions are required by the combined presence of long lags and uncertainty in climate and en...
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ژورنال
عنوان ژورنال: Journal of Environmental Economics and Management
سال: 2012
ISSN: 0095-0696
DOI: 10.1016/j.jeem.2011.12.001