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Complexity, climate change and the precautionary principle

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  • Quiggin, John

Abstract

The precautionary principle has been proposed as a basis making decisions about environmental health under conditions of uncertainty, but remains controversial. This paper shows how the precautionary principle may be interpreted as a guide to decision making in complex systems characterised by unfavorable surprises. The application of the precautionary principle to the problem of climate change is discussed.

Suggested Citation

  • Quiggin, John, 2007. "Complexity, climate change and the precautionary principle," Risk and Sustainable Management Group Working Papers 152089, University of Queensland, School of Economics.
    • Handle: RePEc:ags:uqsers:152089
    DOI: 10.22004/ag.econ.152089
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    File URL: https://ageconsearch.umn.edu/record/152089/files/WPC07_03.pdf
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    References listed on IDEAS

    as
    1. Joshua Gans & John Quiggin, 2007. "The Practicalities of Emissions Trading," Climate Change Working Papers WPC07_4, Risk and Sustainable Management Group, University of Queensland.
    2. Itzhak Gilboa & David Schmeidler, 1995. "Case-Based Decision Theory," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(3), pages 605-639.
    3. Simon Grant & John Quiggin, 2005. "Learning and Discovery," Risk & Uncertainty Working Papers WP7R05, Risk and Sustainable Management Group, University of Queensland.
    4. Gollier, Christian & Jullien, Bruno & Treich, Nicolas, 2000. "Scientific progress and irreversibility: an economic interpretation of the 'Precautionary Principle'," Journal of Public Economics, Elsevier, vol. 75(2), pages 229-253, February.
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    Cited by:

    1. Marshall, Graham R., 2013. "Transaction Costs, Collective Action And Adaptation In Managing Social-Ecological Systems," 2013 Conference (57th), February 5-8, 2013, Sydney, Australia 152166, Australian Agricultural and Resource Economics Society.
    2. Marshall, Graham R., 2013. "Transaction costs, collective action and adaptation in managing complex social–ecological systems," Ecological Economics, Elsevier, vol. 88(C), pages 185-194.
    3. Randall, Alan, 2009. "We Already Have Risk Management - Do We Really Need the Precautionary Principle?," International Review of Environmental and Resource Economics, now publishers, vol. 3(1), pages 39-74, August.

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    More about this item

    Keywords

    Environmental Economics and Policy; Resource /Energy Economics and Policy;

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General

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