The Curious Role of “ Learning ” in Climate Policy : Should We Wait for More Data ?

@inproceedings{Webster2000TheCR,
  title={The Curious Role of “ Learning ” in Climate Policy : Should We Wait for More Data ?},
  author={Mort D. Webster},
  year={2000}
}
Given the large uncertainties regarding potential damages from climate change and the significant but also uncertain costs of reducing greenhouse emissions, the debate over a policy response is often framed as a choice of either acting now or waiting until the uncertainty is reduced. Implicit behind the “wait to learn” argument is the notion that the ability to learn in the future necessarily implies that less restrictive policies should be chosen in the near-term. I demonstrate in the general… CONTINUE READING
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