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Forecasting for Environmental Decision Making

J. Armstrong ()

General Economics and Teaching from University Library of Munich, Germany

Abstract: Those making environmental decisions must not only characterize the present, they must also forecast the future. They must do so for at least two reasons. First, if a no-action alternative is pursued, they must consider whether current trends will be favorable or unfavorable in the future. Second, if an intervention is pursued instead, they must evaluate both its probable success given future trends and its impacts on the human and natural environment. Forecasting, by which I mean explicit processes for determining what is likely to happen in the future, can help address each of these areas.

Keywords: forecasting; environment; decision making; environmental decision making (search for similar items in EconPapers)
JEL-codes: A (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-env
Date: 2004-12-10
Note: Type of Document - pdf; pages: 25
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Working Paper: Forecasting for Environmental Decision Making (2005) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpgt:0412023

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