losses. However, when applied to temperature targets under climate sensitivity uncertainty, decision-makers might be … exceeding climate targets, has been proposed as an extension of CEA under uncertainty. Here we build on this proposition and … develop an axiomatically sound CRA for the context of uncertainty and future learning. The main contributions of this paper …

. Traditional cost-benefit analysis under uncertainty has shortcomings when considering high-risk investment, largely due to the … choice of how to discount uncertainty outcomes. A corollary is that traditional cost-benefit analysis does not place a value … way of objectively placing a value on changes in the level of uncertainty that does not depend on an assumption about a …

circulation model. It also features Epstein-Zin utility and uncertainty about climate sensitivity that resolves after some time …

uncertainty over climate change and its impact, why there is so much uncertainty, and why we will continue to face uncertainty in … the near future. I also explain the policy implications of climate change uncertainty. First, the uncertainty … stronger actions to reduce CO2 emissions. Second, uncertainty interacts with two kinds of irreversibilities. First, CO2 remains …

circulation model. It also features Epstein-Zin utility and uncertainty about climate sensitivity that resolves after some time …