The need for multiple types of information to inform climate change assessment

Michael Toman ()

No 7094, Policy Research Working Paper Series from The World Bank

Abstract: Information on ecosystem characteristics as well as economic statistics is needed to more fully inform decision makers on the impacts of climate change on human well-being. Climate change risks involve potentially large and irreversible as well as highly uncertain impacts that need to be evaluated with information that complements cost-benefit analysis. Information on the irreversibility of impacts also is relevant for evaluating implications for intergenerational equity. In addition, climate change is subject to a large degree of Knightian uncertainty, making it useful to understand how individuals perceive and evaluate climate change risks.

Keywords: Climate Change Economics; Environmental Economics&Policies; Climate Change Mitigation and Green House Gases; Science of Climate Change; Biodiversity (search for similar items in EconPapers)
Date: 2014-11-01
New Economics Papers: this item is included in nep-ene and nep-env
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Citations: View citations in EconPapers (8)

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Related works:
Journal Article: The need for multiple types of information to inform climate change assessment (2014)
Journal Article: The need for multiple types of information to inform climate change assessment (2014)
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