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Formulating Greenhouse Policies in a Sea of Uncertainty

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  • Lester B. Lave

Abstract

To prevent major global climate change all countries must begin to act now. However, there is no agreement on how rapidly greenhouse gases will be emitted over the next century, how rapidly they will accumulate in the atmosphere, what will be the cost of abatement, how large the climate change will be, or even whether the change will be predominantly beneficial or harmful. Beyond agreeing that greenhouse gases are likely to result in atmospheric warming, other factors held constant, there is no consensus on any of these questions.

Suggested Citation

  • Lester B. Lave, 1991. "Formulating Greenhouse Policies in a Sea of Uncertainty," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 9-22.
    • Handle: RePEc:aen:journl:1991v12-01-a02
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    References listed on IDEAS

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    1. Lester B. Lave & Kathleen Heffernan Vickland, 1989. "Adjusting to Greenhouse Effects: The Demise of Traditional Cultures and the Cost to the USA," Risk Analysis, John Wiley & Sons, vol. 9(3), pages 283-291, September.
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    Cited by:

    1. Lawrence H. Goulder, 1992. "Carbon Tax Design and US Industry Performance," NBER Chapters, in: Tax Policy and the Economy, Volume 6, pages 59-104, National Bureau of Economic Research, Inc.
    2. Olivier Godard, 1996. "Economic Expertise And Decision-Making In Controversial Universes," Post-Print halshs-00625518, HAL.
    3. Marschinski, Robert & Lecocq, Franck, 2006. "Do intensity targets control uncertainty better than quotas ? Conditions, calibrations, and caveats," Policy Research Working Paper Series 4033, The World Bank.
    4. Lecocq, Franck & Hourcade, Jean-Charles & Ha Duong, Minh, 1998. "Decision making under uncertainty and inertia constraints: sectoral implications of the when flexibility," Energy Economics, Elsevier, vol. 20(5-6), pages 539-555, December.
    5. Henri de Groot, 2001. "On the optimal timing of reductions of CO2 emissions; an economists' perspective on the debate on "when flexibility"," CPB Discussion Paper 1.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    6. Olivier Godard, 1997. "Social Decision-Making under Scientific Controversy, Expertise, and the Precautionary Principle," Post-Print halshs-00624027, HAL.
    7. Lawrence H. Goulder, 1992. "Do the Costs of a Carbon Tax Vanish When Interactions With Other Taxes are Accounted For?," NBER Working Papers 4061, National Bureau of Economic Research, Inc.
    8. Hourcade, Jean-Charles & Chapuis, Thierry, 1995. "No-regret potentials and technical innovation : A viability approach to integrated assessment of climate policies," Energy Policy, Elsevier, vol. 23(4-5), pages 433-445.
    9. Gottinger, Hans W, 1995. "Regulatory policies under uncertainty, value of information and greenhouse gas emissions," Energy Policy, Elsevier, vol. 23(1), pages 51-56, January.
    10. Gottinger, Hans W., 1996. "Choosing regulatory options when environmental costs are uncertain," European Journal of Operational Research, Elsevier, vol. 88(1), pages 28-41, January.

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      JEL classification:

      • F0 - International Economics - - General

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