Uncertainty and climate change policy design

Wilcoxen, Peter; McKibbin, Warwick

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Uncertainty and climate change policy design

Date

2009

Authors

Wilcoxen, Peter

McKibbin, Warwick

Publisher

Elsevier

Abstract

This paper argues that the problem with the targets and timetable approach to climate policy is that it ignores uncertainty about costs. An alternative approach on coordinating short run prices within a long run emissions targeting framework is outlined.