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Managing Climate Change Under Uncertainty: Recursive Integrated Assessment at an Inflection Point

Managing Climate Change Under Uncertainty: Recursive Integrated Assessment at an Inflection Point Uncertainty is critical to questions about climate change policy. Recently developed recursive integrated assessment models have become the primary tools for studying and quantifying the policy implications of uncertainty. We decompose the channels through which uncertainty affects policy and quantify them in a recursive extension of a benchmark integrated assessment model. The first wave of recursive models has made valuable, pioneering efforts at analyzing disparate sources of uncertainty. We argue that frontier numerical methods will enable the next generation of recursive models to better capture the information structure of climate change and to thereby ask new types of questions about climate change policy. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Annual Review of Resource Economics Annual Reviews

Managing Climate Change Under Uncertainty: Recursive Integrated Assessment at an Inflection Point

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Publisher
Annual Reviews
Copyright
Copyright 2017 by Annual Reviews. All rights reserved
ISSN
1941-1340
eISSN
1941-1359
DOI
10.1146/annurev-resource-100516-053516
Publisher site
See Article on Publisher Site

Abstract

Uncertainty is critical to questions about climate change policy. Recently developed recursive integrated assessment models have become the primary tools for studying and quantifying the policy implications of uncertainty. We decompose the channels through which uncertainty affects policy and quantify them in a recursive extension of a benchmark integrated assessment model. The first wave of recursive models has made valuable, pioneering efforts at analyzing disparate sources of uncertainty. We argue that frontier numerical methods will enable the next generation of recursive models to better capture the information structure of climate change and to thereby ask new types of questions about climate change policy.

Journal

Annual Review of Resource Economics – Annual Reviews

Published: Oct 5, 2017

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