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Journal Article

Uncertainty in Integrated Assessment Models of Climate Change: Alternative Analytical Approaches

Authors

  • Golubb
  • A.
  • Narita
  • D.
  • Schmidt
  • M.G.

Publication Date

JEL Classification

D81 Q54 C61

Key Words

economics of climate change

integrated assessment models

Learnng

real options

uncertainty

Unsichderheit

Related Topics

Climate

Uncertainty plays a key role in the economics of climate change, and research on this topic has led to a large body of literature. However, the discussion on the policy implications of uncertainty is still far from settled. Due to the complexity of the problem, an increasing number of analytical approaches have been used to examine the policy implications of uncertainty in integrated assessment models of climate change. We review these approaches, the corresponding literature and respective policy implications.

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Subject Dossiers

  • Two women inspect a solar panel

    Climate and Energy

Research Center

  • Global Transformation