Abstract
The concentration of greenhouse gases in the atmosphere could be perceived as a non degradable stock pollutant which causes unknown environmental costs. In view of designing commonly agreed (globally negotiated) regulatory strategies against a perceived but on its scale unknown threat the problem is one of preserving regulatory options, and placing values on the preservation of such options before irreversible but uncertain damage can occur.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Bertsekas, D. P., Dynamic Programming and Stochastic Control, Academic Press: New York 1976.
Conrad, J. M., “Stopping Rules and the Control of Stock Pollutants”, Seminar on Uncertainty in Management of Natural Resources and the Environment, Central Statistical Bureau, Oslo 1992.
De Finetti, B., Probability, Induction and Statistics, Wiley: New York 1972.
Fishburn, P., The Foundations of Expected Utility, Reidel: Dordrecht 1982
Flohn, H., “Treibhauseffekt der Atmosphäre: Neue Fakten und Perspektiven” (”Greenhouse effect of the atmosphere: new facts and perspectives”). Rheinisch-Westfälische Akademie der Wissenschaften Vorträge N 379, 1990, pp.9–48.
Gottinger, H. W., and P. Barnes, “Energy, Economy and the CO2 Problem”, Chapter 2–6 L. Hens (ed.), Hand book of Environmental Management, Free University of Brussels Press: Brussels, 1993.
Gottinger, H. W., Elements of Statistical Analysis, de Gruyter: Berlin, New York, 1980.
Hammitt, J. K., R. J Lempert and M. E. Schlesinger, “A Sequential-Decision Strategy for Abating Climate Change” Nature 357, 1992, pp. 315–318.
Henrion, M. and M.G. Morgan, Uncertainty: Guide to dealing with Uncertainty in Quantitative Risk and Policy Analysis, Cambridge Univ. Press: Cambridge 1990.
Kahneman, D., P. Slovic, and A. Tversky, Judgement under Uncertainty: Heuristics and Biases, Cambridge University Press, 1982.
Kelly, D. L. and C. D. Kolstad, “Tracking the Climate Change Footprint: Stochastic Learning about Climate Change”, University of California, Santa Barbara, WP in Economics #3-96R, 1996
Kolstad, C. D., “Looking vs. Leaping: The Timing of CO2 Control in the Face of Uncertainty and Learning”, IIASA Workshop on Costs, Impacts and Possible Benefits of CO2 Mitigation, IIASA, Laxenberg, Austria, September 1992.
Lave, L. B., “Formulating Greenhouse Policies in a Sea of Uncertainty”, The Energy Journal 12(1), 1991, pp. 9–21.
Lempert, R. J., Schlesinger, M. E. and J. K. Hammitt, “The Impact of Potential Abrupt Climate Changes on Near-Term Policy Choices”, Climatic Change 26, 1994, 351–376.
Manne, A. S. and R. G. Richels, Buying Greenhouse Insurance, MTT Press: Cambridge, Mass., 1992.
Parry, I. W. H., “Some Estimates of the Insurance Values against Climate change from Reducing Greenhouse Gas Emissions“, Resource and Energy Economics 15, 1993, pp. 99–115.
Peck, St. C. and T. J. Teisberg, “Global Warming Uncertainties and the Value of Information: An Analysis using CETA”, Resource and Energy Economics 15, 1993, pp. 71–97.
Ross, S.M. Introduction to Stochastic Dynamic Programming, Academic Press: San Diego, California 1983.
Schelling, T., “Global Environmental Forces”, Energy and Environmental Policy Center, Harvard University, E-88-10, November 1988.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 1998 Springer Science+Business Media Dordrecht
About this chapter
Cite this chapter
Gottinger, H.W. (1998). Uncertainty, Value of Information and Greenhouse Gas Emissions. In: Global Environmental Economics. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-5435-6_9
Download citation
DOI: https://doi.org/10.1007/978-1-4615-5435-6_9
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4613-7482-4
Online ISBN: 978-1-4615-5435-6
eBook Packages: Springer Book Archive