Complexity, climate change and the precautionary principle
John Quiggin ()
No 152089, Risk and Sustainable Management Group Working Papers from University of Queensland, School of Economics
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.
Keywords: Environmental Economics and Policy; Resource /Energy Economics and Policy (search for similar items in EconPapers)
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Working Paper: Complexity, Climate Change and the Precautionary Principle
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uqsers:152089
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