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Energy transitioning: why bother with uncertainty and why does risk tolerance really matter?

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  • Magda Osman

Abstract

The target article ‘Risk analysis, uncertainty and innovation: what does this mean for the Dutch energy transition?’ sets out some broad factors (e.g. uncertainty, risk tolerance) that should inform public policy making on energy transition, and in particular the Dutch Ministry for Economic Affairs and Climate Policy. This commentary further clarifies and expands on them by answering: (1) Why is the concept of uncertainty of value in risk analysis? (2) What benefit is there to integrating risk tolerance in risk management and policy decisions?

Suggested Citation

  • Magda Osman, 2024. "Energy transitioning: why bother with uncertainty and why does risk tolerance really matter?," Journal of Risk Research, Taylor & Francis Journals, vol. 27(5-6), pages 676-683, June.
    • Handle: RePEc:taf:jriskr:v:27:y:2024:i:5-6:p:676-683
    DOI: 10.1080/13669877.2024.2360924
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