| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w16136
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| 来源ID | Working Paper 16136
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| GHG Targets as Insurance Against Catastrophic Climate Damages |
| Martin L. Weitzman
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| 发表日期 | 2010-06-24
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| 出版年 | 2010
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| 语种 | 英语
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| 摘要 | A critical issue in climate-change economics is the specification of the so-called "damages function" and its interaction with the unknown uncertainty of catastrophic outcomes. This paper asks how much we might be misled by our economic assessment of climate change when we employ a conventional quadratic damages function and/or a thin-tailed probability distribution for extreme temperatures. The paper gives some numerical examples of the indirect value of various GHG concentration targets as insurance against catastrophic climate-change temperatures and damages. These numerical examples suggest that we might be underestimating considerably the welfare losses from uncertainty by using a quadratic damages function and/or a thin-tailed temperature distribution. In these examples, the primary reason for keeping GHG levels down is to insure against high-temperature catastrophic climate risks. |
| 主题 | Environmental and Resource Economics
; Environment
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| URL | https://www.nber.org/papers/w16136
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573810
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推荐引用方式
GB/T 7714 |
Martin L. Weitzman. GHG Targets as Insurance Against Catastrophic Climate Damages. 2010.
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文件名：
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w16136.pdf
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格式：
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Adobe PDF
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