View Item 

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

Access Status
Fulltext not available
Authors
Date
2012
Type
Conference Paper

Metadata
Show full item record
Citation
Maybee, Bryan M. and Packey, Daniel J. 2012. The effect of the inclusion of uncertainty on the optimal allocation of resources to climate change mitigation and adaptation programs, in Doughney, J. and Hoa, T.V. (ed), Proceedings of the 41st Australian conference of economists (ACE), Jul 8 2012. Melbourne, Australia: Victoria University.
Source Title
The Proceedings of the 41st Australian Conference of Economists (ACE)
Source Conference
41st Australian conference of economists (ACE)
DOI
URI
Collection
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.