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Formulating Greenhouse Policies in a Sea of Uncertainty

To prevent major global climate change all countries must begin to act now. However, there is no agreement on how rapidly greenhouse gases will be emitted over the next century, how rapidly they will accumulate in the atmosphere, what will be the cost of abatement, how large the climate change will be, or even whether the change will be predominantly beneficial or harmful. Beyond agreeing that greenhouse gases are likely to result in atmospheric warming, other factors held constant, there is no consensus on any of these questions.

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Energy Specializations: Energy and the Environment – Climate Change and Greenhouse Gases; Energy and the Environment – Policy and Regulation

JEL Codes: Q54: Climate; Natural Disasters and Their Management; Global Warming, Q41: Energy: Demand and Supply; Prices, Q42: Alternative Energy Sources, Q16: Agricultural R&D; Agricultural Technology; Biofuels; Agricultural Extension Services, Q53: Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling, Q21: Renewable Resources and Conservation: Demand and Supply; Prices, Q35: Hydrocarbon Resources, Q24: Renewable Resources and Conservation: Land

Keywords: Greenhouse gases, Energy policy, Climate change, Uncertainty

DOI: 10.5547/ISSN0195-6574-EJ-Vol12-No1-2

Published in Volume 12, Number 1 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.


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