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Modeling Environment-Improving Technological Innovations under Uncertainty

Modeling Environment-Improving Technological Innovations under Uncertainty

Paperback

Series: Routledge Explorations in Environmental Economics

Business GeneralEconomicsGifts & Stationery General

ISBN10: 0415541719
ISBN13: 9780415541718
Publisher: Routledge
Published: May 15 2012
Pages: 352
Weight: 1.14
Height: 0.81 Width: 6.01 Depth: 9.11
Language: English
This book presents a compendium of methodologies for evaluating the economic impact of technological innovation upon climate-change policy. There is a broad consensus on the key elements of climate-change science and agreement that near-term actions are needed to prevent dangerous anthropogenic interference with the climate system. However, there is little agreement on the costs and benefits of climate policy. Any policy implementation will result in an irreversible but environment-improving investment in alternative technologies; this change will generate immediately-realized costs but significantly-delayed benefits. Hence, a critical element in policy selection is the inherent uncertainty in the climate and economy that can be expected over time.

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Gifts & Stationery General