This enriching book presents a holistic overview of climate change
uncertainty and offers a number of pathways that could be used to
account for such uncertainties in the stated preference valuation
research. It shows that uncertainty plays an important role in
determining the values of climate change mitigation benefits and as
the authors say 'If this uncertainty remains unaccounted for, there
is a potential danger that the estimated economic values will
misrepresent social preferences for public policy interventions to
manage environmental externalities'. Valuing Climate Change
Mitigation discusses the role of uncertainty in valuing the
benefits of climate change mitigation policies using contingent
valuation and choice experiments techniques. It treats climate
change using three dimensions of uncertainty: scenario, policy and
preference. Conceptual frameworks are advanced to account
simultaneously for these various dimensions of uncertainty. The
authors then explore the impact of introducing these uncertainties
into benefit estimates for the Australian Carbon Pollutions
Reduction Scheme. The authors present frameworks to account for
multiple uncertainty in environmental decision analysis that will
prove invaluable for academics and students in the fields of
environmental economics and management. Policymakers will also gain
invaluable methodological insight.
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