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Uncertainty and Climate Change Policy

Author

Listed:
  • Quiggin, John

    (School of Economics and School of Political Science and International Studies, University of Queensland)

Abstract

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.

Suggested Citation

  • Quiggin, John, 2008. "Uncertainty and Climate Change Policy," Economic Analysis and Policy, Elsevier, vol. 38(2), pages 203-210, September.
    • Handle: RePEc:eee:ecanpo:v:38:y:2008:i:2:p:203-210
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    References listed on IDEAS

    as
    1. Stern,Nicholas, 2007. "The Economics of Climate Change," Cambridge Books, Cambridge University Press, number 9780521700801, October.
    2. Adamson, David & Mallawaarachchi, Thilak & Quiggin, John C., 2007. "Climate change and climate uncertainty in the Murray-Darling Basin," 2007 Conference (51st), February 13-16, 2007, Queenstown, New Zealand 10361, Australian Agricultural and Resource Economics Society.
    3. Lenos Trigeorgis, 1993. "Real Options and Interactions With Financial Flexibility," Financial Management, Financial Management Association, vol. 22(3), Fall.
    4. Quiggin, John, 2005. "The Precautionary Principle in Environmental Policy and the Theory of Choice under Uncertainty," Risk and Sustainable Management Group Working Papers 149847, University of Queensland, School of Economics.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Dritsas, Sophoclis E., 2020. "The effect of sea level rise on coastal populations: The case of the Gironde (Estuaries of Gironde)," Economic Analysis and Policy, Elsevier, vol. 66(C), pages 41-50.
    2. Aldred, Jonathan, 2013. "Justifying precautionary policies: Incommensurability and uncertainty," Ecological Economics, Elsevier, vol. 96(C), pages 132-140.
    3. Noah Kaufman, 2012. "The bias of integrated assessment models that ignore climate catastrophes," Climatic Change, Springer, vol. 110(3), pages 575-595, February.
    4. Jason Alexandra, 2021. "Navigating the Anthropocene’s rivers of risk—climatic change and science-policy dilemmas in Australia’s Murray-Darling Basin," Climatic Change, Springer, vol. 165(1), pages 1-21, March.
    5. Pedro Conceição & Yanchun Zhang, 2010. "Discounting in the context of climate change economics: the policy implications of uncertainty and global asymmetries," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 12(1), pages 31-57, June.
    6. Halkos, George & Kitsos, Christos, 2018. "Uncertainty in environmental economics: The problem of entropy and model choice," Economic Analysis and Policy, Elsevier, vol. 60(C), pages 127-140.

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    More about this item

    Keywords

    global warming; human-caused global warming; climate change; economics of climate change; uncertainty;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion

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