2011
DOI: 10.1086/661273
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Optimal Climate Change: Economics and Climate Science Policy Histories (from Heuristic to Normative)

Abstract: Historical accounts of climate change science and policy have reflected rather infrequently upon the debates, discussions, and policy advice proffered by economists in the 1980s. While there are many forms of economic analysis, this article focuses upon cost-benefit analysis, especially as adopted in the work of William Nordhaus. The article addresses the way in which climate change economics subtly altered debates about climate policy from the late 1970s through the 1990s. These debates are often technical an… Show more

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Cited by 31 publications
(11 citation statements)
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“…Trust might be also attributed to opportunism of policymakers in placing responsibility for action onto the scientists (Grundmann 2006) or on misinterpretation by policymakers of the meaning and implications of the 2°C target. In this regard, trust can be considered as intertwined with a pragmatic calculation by policymakers in balancing what looked reasonable and politically/economically feasible, but also responding to societal concerns and requests of environmental movements (Randalls 2010(Randalls , 2011. The target offered a unifying element for policy engagement to lock-in multiple actors into a long-term commitment (Boykoff et al 2010).…”
Section: Framingmentioning
confidence: 99%
“…Trust might be also attributed to opportunism of policymakers in placing responsibility for action onto the scientists (Grundmann 2006) or on misinterpretation by policymakers of the meaning and implications of the 2°C target. In this regard, trust can be considered as intertwined with a pragmatic calculation by policymakers in balancing what looked reasonable and politically/economically feasible, but also responding to societal concerns and requests of environmental movements (Randalls 2010(Randalls , 2011. The target offered a unifying element for policy engagement to lock-in multiple actors into a long-term commitment (Boykoff et al 2010).…”
Section: Framingmentioning
confidence: 99%
“…Therefore, a carbon budget was only seen as an ‘approximation’, because cumulative emissions for a given warming limit was expected to vary depending on their distribution over time (Krause et al, 1989: 37–42). The timing of emissions, in turn, was a question of economics – a matter of optimizing resource use – and therefore required assumptions drawn from scenario building and economic modelling (Randalls, 2011).…”
Section: The Ipcc Process As Modifying-workmentioning
confidence: 99%
“…This includes how climate modelling and physical climate science has been instrumental in constituting ‘global climate’ and ‘future climate’ as knowable and governable entities (Edwards, 2010; Lahsen, 2007; Shackley, 2001). It also includes, albeit to a lesser extent, the role of economics in articulating the central scientific and political problem of achieving ‘climate stabilization’ at optimal levels – that is, determining the exact concentration of greenhouse gases that ensures an economically optimal balance between the changes in the climate system following from greenhouse gas emissions, and the costly changes in social systems required to limit those emissions (Boykoff et al, 2009; Lohmann, 2009; Randalls, 2011).…”
Section: Introductionmentioning
confidence: 99%
“…Formal risk management is now normalized in most organizations and has already shaped much climate change policy . Although awareness of risk can encourage decisive emissions reduction policies and action, risk management tools encourage the decomposition and ranking of risks, which can reduce the perceived size, extent and interconnectedness of issues, and responses needed, bias conclusions against low probability high consequence threats, exclude nonnumerical factors from consideration and depoliticize embedded judgments .…”
Section: Network Organizational and Institutional Factorsmentioning
confidence: 99%