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.


Issue Date:
2008
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/152092
Total Pages:
16
JEL Codes:
Q54; Q48; A12; Z12
Series Statement:
Climate Change
C08_2




 Record created 2017-04-01, last modified 2017-08-27

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