IDEAS home Printed from https://ideas.repec.org/a/bla/econpa/v33y2014i1p67-75.html
   My bibliography  Save this article

The Effect of the Inclusion of Uncertainty on the Optimal Allocation of Resources to Climate Change Mitigation and Adaptation Programmes

Author

Listed:
  • Bryan M. Maybee
  • Daniel J. Packey

Abstract

type="main" xml:id="ecpa12063-abs-0001"> How to deal with our changing climate is one of the most controversial topics facing modern society. The two most prevalent choices are to mitigate the effects through global programmes, or adapt to the changes at the local level. While both have positive and negative traits, the reality is that a combination of the two strategies is required. This is the second study in a series investigating the mitigation–adaptation balance from an economic perspective. Using an expected value approach, this study discusses the theoretical sources and impact of uncertainty associated with implementing a mitigation or adaptation programme on the strategic optimisation.

Suggested Citation

  • Bryan M. Maybee & Daniel J. Packey, 2014. "The Effect of the Inclusion of Uncertainty on the Optimal Allocation of Resources to Climate Change Mitigation and Adaptation Programmes," Economic Papers, The Economic Society of Australia, vol. 33(1), pages 67-75, March.
    • Handle: RePEc:bla:econpa:v:33:y:2014:i:1:p:67-75
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1111/ecpa.2014.33.issue-1
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. World Bank, 2010. "Economics of Adaptation to Climate Change : Synthesis Report," World Bank Publications - Reports 12750, The World Bank Group.
    2. Robert Mendelsohn, 2009. "Climate Change and Economic Growth," World Bank Publications - Books, The World Bank Group, number 28000.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ying Xu & Christopher Findlay, 2019. "Farmers’ constraints, governmental support and climate change adaptation: evidence from Guangdong Province, China," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 63(4), pages 866-880, October.
    2. Channing Arndt & William Farmer & Kenneth Strzepek & James Thurlow, 2012. "Climate Change, Agriculture and Food Security in Tanzania," Review of Development Economics, Wiley Blackwell, vol. 16(3), pages 378-393, August.
    3. Fran Sussman & Nisha Krishnan & Kathryn Maher & Rawlings Miller & Charlotte Mack & Paul Stewart & Kate Shouse & Bill Perkins, 2014. "Climate change adaptation cost in the US: what do we know?," Climate Policy, Taylor & Francis Journals, vol. 14(2), pages 242-282, March.
    4. Montaud, Jean-Marc & Pecastaing, Nicolas & Tankari, Mahamadou, 2017. "Potential socio-economic implications of future climate change and variability for Nigerien agriculture: A countrywide dynamic CGE-Microsimulation analysis," Economic Modelling, Elsevier, vol. 63(C), pages 128-142.
    5. Channing Arndt & Finn Tarp & James Thurlow, 2015. "The Economic Costs of Climate Change: A Multi-Sector Impact Assessment for Vietnam," Sustainability, MDPI, Open Access Journal, vol. 7(4), pages 1-15, April.
    6. Barnabas A. Amisigo & Alyssa McCluskey & Richard Swanson, 2015. "Modeling Impact of Climate Change on Water Resources and Agriculture Demand in the Volta Basin and other Basin Systems in Ghana," Sustainability, MDPI, vol. 7(6), pages 1-19, May.
    7. -, 2015. "La economía del cambio climático en América Latina y el Caribe: paradojas y desafíos del desarrollo sostenible," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 37310 edited by Cepal, September.
    8. Robert Mendelsohn, 2012. "The Economics Of Adaptation To Climate Change In Developing Countries," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 3(02), pages 1-21.
    9. Jing Gu & Richard Schiere, 2011. "Working Paper 124 - Post-Crisis Prospects for China-Africa Relations," Working Paper Series 292, African Development Bank.
    10. Sherman Robinson & Dirk Willenbockel & Kenneth Strzepek, 2012. "A Dynamic General Equilibrium Analysis of Adaptation to Climate Change in Ethiopia," Review of Development Economics, Wiley Blackwell, vol. 16(3), pages 489-502, August.
    11. Andrew Macintosh, 2013. "Coastal climate hazards and urban planning: how planning responses can lead to maladaptation," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 18(7), pages 1035-1055, October.
    12. Scrieciu, S. Şerban & Barker, Terry & Ackerman, Frank, 2013. "Pushing the boundaries of climate economics: critical issues to consider in climate policy analysis," Ecological Economics, Elsevier, vol. 85(C), pages 155-165.
    13. Patrice Dumas & Minh Ha-Duong, 2013. "Optimal growth with adaptation to climate change," Climatic Change, Springer, vol. 117(4), pages 691-710, April.
    14. Charles Sims & Sarah E. Null & Josue Medellin-Azuara & Augustina Odame, 2021. "Hurry Up Or Wait: Are Private Investments In Climate Change Adaptation Delayed?," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 12(04), pages 1-36, November.
    15. Govinda R. Timilsina, 2021. "Financing Climate Change Adaptation: International Initiatives," Sustainability, MDPI, vol. 13(12), pages 1-19, June.
    16. Antony Millner & Simon Dietz, 2011. "Adaptation to climate change and economic growth in developing countries," GRI Working Papers 60, Grantham Research Institute on Climate Change and the Environment.
    17. -, 2011. "An assessment of the economic impact of climate change on the health sector In Trinidad And Tobago," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 38598, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    18. Wiebelt, Manfred & Breisinger, Clemens & Ecker, Olivier & Al-Riffai, Perrihan & Robertson, Richard & Thiele, Rainer, 2013. "Compounding food and income insecurity in Yemen: Challenges from climate change," Food Policy, Elsevier, vol. 43(C), pages 77-89.
    19. Condé, Sidafa & Jalloh, Abdulai & Nelson, Gerald C. & Thomas, Timothy S., 2013. "Guinea [In West African agriculture and climate change: A comprehensive analysis]," IFPRI book chapters, in: Jalloh, Abdulai; Nelson, Gerald C.; Roy-Macauley, Harold; Thomas, Timothy S.; Zougmore, Robert (ed.), West African agriculture and climate change: A comprehensive analysis, chapter 7, pages 173-202, International Food Policy Research Institute (IFPRI).
    20. Taeil Park & Changyoon Kim & Hyoungkwan Kim, 2014. "Valuation of Drainage Infrastructure Improvement Under Climate Change Using Real Options," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 28(2), pages 445-457, January.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:econpa:v:33:y:2014:i:1:p:67-75. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/esausea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.