Climatic Cost-benefit Analysis Under Uncertainty and Learning on Climate Sensitivity and Damages
Abstract
Cost-benefit analyses on climate change have drawn considerable critique, primarily due to contestable choices of discounting and high uncertainties in climate sensitivity and climatic damages. Consequentially, it is argued that cost-benefit analysis can suggest mitigation rates that are nearly arbitrary. This article investigates how firm conclusions can be made from cost-benefit analysis if the main uncertainties are considered endogenously in...
Paper Details
Title
Climatic Cost-benefit Analysis Under Uncertainty and Learning on Climate Sensitivity and Damages
Published Date
Dec 1, 2018
Journal
Volume
154
Pages
99 - 106
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