Is there space for agreement on climate change? A non-parametric approach to policy evaluation

Simon Dietz and Anca N. Matei

No 165822, 2014 Conference (58th), February 4-7, 2014, Port Macquarie, Australia from Australian Agricultural and Resource Economics Society

Abstract: Economic evaluation of climate policy is notoriously dependent on assumptions about time and risk preferences, since reducing greenhouse gas emissions today has a highly uncertain payoff, far into the future. These assumptions have always been much debated. Rather than occupy a position in this debate, we take a non-parametric approach here, based on the concept of Time-Stochastic Dominance. Using an integrated assessment model, we apply Time-Stochastic Dominance analysis to climate change, asking are there global emissions abatement targets that everyone who shares a broad class of time and risk preferences would agree to prefer? Overall we find that even tough emissions targets would be chosen by almost everyone, barring those with arguably `extreme' preferences.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 29
Date: 2014
New Economics Papers: this item is included in nep-ene, nep-env and nep-res
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/165822/files/Dietz%20CP.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:aare14:165822

DOI: 10.22004/ag.econ.165822

Access Statistics for this paper

More papers in 2014 Conference (58th), February 4-7, 2014, Port Macquarie, Australia from Australian Agricultural and Resource Economics Society Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().