Modeling Environment-Improving Technological Innovations Under Uncertainty

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Modeling Environment-Improving Technological Innovations Under Uncertainty is written by Alexander Golub and published by Routledge. It's available with International Standard Book Number or ISBN identification 1134041209 (ISBN 10) and 9781134041206 (ISBN 13).

This book presents a compendium of methodologies for evaluating the economic impact of technological innovation upon climate-change policy. There is a broad consensus on the key elements of climate-change science and agreement that near-term actions are needed to prevent dangerous anthropogenic interference with the climate system. However, there is little agreement on the costs and benefits of climate policy. Any policy implementation will result in an irreversible but environment-improving investment in alternative technologies; this change will generate immediately-realized costs but significantly-delayed benefits. Hence, a critical element in policy selection is the inherent uncertainty in the climate and economy that can be expected over time.