| Description |
xvii, 114 pages : illustrations ; 30 cm |
| Series |
Staff working paper / Australia. Productivity Commission |
|
Staff working paper / Productivity Commission |
|
Staff working paper (Australia. Productivity Commission)
|
|
Staff working paper / Australia. Productivity Commission
|
| Contents |
1. Introduction -- 2. The science of climate change -- 3. Damages (and benefits) from climate change -- 4. Mitigation costs -- 5. Aggregating costs and benefits -- 6. Climate change policy -- A. Discount rates -- References |
| Summary |
"This technical paper contains a detailed examination of key elements of the Review's analytical approach. [...] The staff paper finds that the Stern Review made some important analytical advances. The Review sought to move beyond analysis based on the mean expected outcome to one that incorporates low probability, but potentially catastrophic, events at the tail of probability distributions. The Review also attempted a more comprehensive coverage of damage costs than most previous studies. The paper also finds that value judgements and ethical perspectives in key parts of the Stern Review's analysis led to estimates of future economic damages being substantially higher, and abatement costs lower, than most previous studies. The paper notes that the report could usefully have included more sensitivity analysis to highlight to decisionmakers the consequences of alternative assumptions or judgements."--Publisher's website |
| Analysis |
Environmental policy |
|
Environmental management |
|
Greenhouse effect |
|
Natural resources |
|
Economic conditions |
| Notes |
"January 2008" |
| Bibliography |
Includes bibliographical references (pages 105-114) |
| Notes |
Commonwealth of Australia 2008 |
| Subject |
Stern, N. H. (Nicholas Herbert). Stern Review
|
|
Climatic changes -- Economic aspects.
|
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Climatic changes -- Government policy.
|
|
Environmental policy.
|
| Author |
Baker, Rick.
|
|
Australia. Productivity Commission.
|
| ISBN |
9781740372404 |
|
