Modeling Environment-Improving Technological Innovations Under Uncertainty

Download or read book Modeling Environment-Improving Technological Innovations Under Uncertainty written by Alexander Golub and published by Routledge. This book was released on 2008-12-08 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.