search query: @author Manne, A. S. / total: 6
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| Author: | Manne, A. S. Richels, R. G. |
| Title: | Buying greenhouse insurance. |
| Journal: | Energy Policy
1991 : JUL-AUG, VOL. 19:6, p. 543-552 |
| Index terms: | ENVIRONMENTAL PROTECTION INSURANCE DECISION ANALYSIS INFORMATION |
| Language: | eng |
| Abstract: | The importance of immediate and sizeable reductions in CO 2 emissions as a hedge against unacceptably rapid changes in climate is investigated by a decision tree analysis of the problem. The paper examines how the optimal hedging strategy might vary with probability of eventual carbon limitations; the accuracy and timing of the climate research programme; and the prospects for supply and conservation technologies. It was found that the size of hedge is quite sensitive to the quality and timing of the climate research results. The optimal hedging strategy is also sensitive to the prospects for new supply and conservation technologies. |
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