Cost-Benefit Analysis of Climate Change: Stern Revisited

This paper explores the challenges facing orthodox economic approaches to assessing climate control as if it were appraisal of an investment project. Serious flaws are noted in the work of economists with especial attention to the UK Government report by Stern and colleagues. The opinions expressed in this paper are those of the authors and may not be taken to reflect the views CSIRO or the Australian Government.

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Year of publication:	2008-05
Authors:	Baer, Paul ; Spash, Clive L
Institutions:	Ecosystems Sciences Division, Commonwealth Scientific and Industrial Research Organisation (CSIRO)
Subject:	enhanced greenhouse effect \| global CBA \| Stern Report

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Extent:	application/pdf
Series:	Socio-Economics and the Environment in Discussion (SEED) Working Paper Series.
Type of publication:	Book / Working Paper
Notes:	Number 2008-07 32 pages
Classification:	Q51 - Valuation of Environmental Effects ; Q54 - Climate; Natural Disasters ; Q58 - Government Policy ; D61 - Allocative Efficiency; Cost-Benefit Analysis ; D62 - Externalities ; D81 - Criteria for Decision-Making under Risk and Uncertainty ; D90 - Intertemporal Choice and Growth. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005670830