Valuing Climate Change Mitigation: Applying Stated Preferences in the Presence of Uncertainty
Author(s): Sonia Akter (Author), Jeff Bennett (Author)
Publisher: Edward Elgar Publishing
Publication Date: September 30, 2012
Language: English
Print length: 192 pages
ISBN-10: 1781003327
ISBN-13: 9781781003329
Book Description
This enriching book presents a holistic overview of climate change uncertainty and offers a number of pathways that could be used to account for such uncertainties in the stated preference valuation research. It shows that uncertainty plays an important role in determining the values of climate change mitigation benefits and as the authors say ‘If this uncertainty remains unaccounted for, there is a potential danger that the estimated economic values will misrepresent social preferences for public policy interventions to manage environmental externalities’.
Valuing Climate Change Mitigation discusses the role of uncertainty in valuing the benefits of climate change mitigation policies using contingent valuation and choice experiments techniques. It treats climate change using three dimensions of uncertainty: scenario, policy and preference. Conceptual frameworks are advanced to account simultaneously for these various dimensions of uncertainty. The authors then explore the impact of introducing these uncertainties into benefit estimates for the Australian Carbon Pollutions Reduction Scheme.
The authors present frameworks to account for multiple uncertainty in environmental decision analysis that will prove invaluable for academics and students in the fields of environmental economics and management. Policymakers will also gain invaluable methodological insight.
Editorial Reviews
Review
‘Written in a clear and mostly nontechnical manner, while offering the right amount of details, this book would be certainly useful to academics and practitioners aiming at understanding peoples’ attitudes towards different climate change mitigation options. Ultimately, different sources of uncertainty are important not only for climate change policies, but also for many other environmental issues. This book provides a useful road map, together with numerous practical details, that would be very helpful for anybody wanting to encompass uncertainty in SP surveys.’ — Carlo Fezzi, Journal of Economic Literature Reviews
‘The findings of the book are an important contribution to the successful implementation of climate change policy and communicating climate change risk to a general audience.’ — Helen Adams, Environmental Values
About the Author
Sonia Akter and Jeff Bennett, Professor of Environmental Management, Crawford School of Economics and Government, The Australian National University, Canberra, Australia
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