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    The effect of the inclusion of uncertainty on the optimal allocation of resources to climate change mitigation and adaptation programmes

    Access Status
    Fulltext not available
    Authors
    Maybee, Bryan
    Packey, Daniel J.
    Date
    2014
    Type
    Journal Article
    
    Metadata
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    Citation
    Maybee, B. and Packey, D.J. 2014. The effect of the inlcusion of uncertainty on the optimal allocation of resources to climate change mitigation and adaptation programmes. Economic Papers. 33 (1): pp. 67-75.
    Source Title
    Economic Papers
    DOI
    10.1111/1759-3441-12063
    ISSN
    0812-0439
    School
    Graduate School of Business
    URI
    http://hdl.handle.net/20.500.11937/2932
    Collection
    • Curtin Research Publications
    Abstract

    How to deal with our changing climate is one of the most controversial topics facing modern society. The two most prevalent choices are to mitigate the effects through global programmes, or adapt to the changes at the local level. While both have positive and negative traits, the reality is that a combination of the two strategies is required. This is the second study in a series investigating the mitigation–adaptation balance from an economic perspective. Using an expected value approach, this study discusses the theoretical sources and impact of uncertainty associated with implementing a mitigation or adaptation programme on the strategic optimisation.

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