Please use this identifier to cite or link to this item: http://dspace.mediu.edu.my:8181/xmlui/handle/1721.1/4057
Title: Informing Climate Policy Given Incommensurable Benefits Estimates
Keywords: climate policy
benefit estimation
uncertainty
non-monetary valuation
Issue Date: 9-Oct-2013
Publisher: MIT Joint Program on the Science and Policy of Global Change
Description: The determination of long-term goals for climate policy, or of near-term mitigation effort, requires a shared conception among nations of what is at stake. Unfortunately, because of different attitudes to risk, problems of valuing non-market effects, and disagreements about aggregation across rich and poor nations, no single benefit measure is possible that can provide commonly accepted basis for judgment. In response to this circumstance, a portfolio of estimates is recommended, including global variables that can be represented in probabilistic terms, regional impacts expressed in natural units, and integrated monetary valuation. Development of such a portfolio is a research task, and the needed program of work suggested.
Abstract in HTML and technical report in PDF available on the Massachusetts Institute of Technology Joint Program on the Science and Policy of Global Change website (http://mit.edu/globalchange/www/).
Results cited from the MIT Joint Program on the Science and Policy of Global Change were developed with the support of the US Department of Energy, Office of Biological and Environmental Research [BER] (DE-FG02-94ER61937) the US Environmental Protection Agency (X-827703-01-0), the Electric Power Research Institute, and by a consortium of industry and foundation sponsors.
URI: http://koha.mediu.edu.my:8181/xmlui/handle/1721
Other Identifiers: http://mit.edu/globalchange/www/abstracts.html#a107
http://hdl.handle.net/1721.1/4057
Report no. 107
Appears in Collections:MIT Items

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