COST-BENEFITS METHODS AND THE EVALUATION OF CLIMATIC CHANGE

This paper analyzes the economic effects of climate change and the ways in which economists attempt to measure such effects, particularly with cost-benefit analysis. It is concluded that many of these methods are inappropriate as measures of the resource allocation effects of climate change and tend to overstate the associated costs because they ignore the adaptability of the economy to such changes. Methods of compensating cost-benefit analyses for this defect are suggested.

• Corporate Authors:

  Institute for Defense Analyses

  Science and Technology Division
  Arlington, VA  United States  22202

  Department of Transportation

  Climatic Impact Assessment Program, 1200 New Jersey Avenue, SE
  Washington, DC  United States  20590
• Authors:
  • Daly, G
• Publication Date: 1975-6

Media Info

• Pagination: 51 p.

Subject/Index Terms

• TRT Terms: Benefit cost analysis; Climate; Cost allocation; Economic analysis; Pollution
• Old TRIS Terms: Allocations; Weather modification
• Subject Areas: Economics; Environment;

Filing Info

• Accession Number: 00092474
• Record Type: Publication
• Source Agency: National Technical Information Service
• Report/Paper Numbers: P-1114 Final Rpt., DOT/TST-75-113
• Contract Numbers: DOT-OS-30057
• Files: NTIS, USDOT
• Created Date: Nov 5 1976 12:00AM