Uncertainty and Climate Change Policy

John Quiggin ()

Economic Analysis and Policy (EAP), 2008, vol. 38, issue 2, pages 203-210

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.

Keywords: global warming; human-caused global warming; climate change; economics of climate change; uncertainty (search for similar items in EconPapers)
JEL-codes: Q54 Q48 A12 Z12 (search for similar items in EconPapers)
Date: 2008
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Persistent link: http://EconPapers.repec.org/RePEc:eap:articl:v:38:y:2008:i:2:p:203-210

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