Climate policy decisions and decision analysis

Environmental Protection and MIT News report on a paper by Mort Webster from MIT in the most recent issue of Decision Analysis that applies decision analysis tools to climate change policies. Policy changes are typically sequential, path-dependent, and slow to change. EP online reports that

Applying decision analysis in the context of idealized government decision makers over a century raises the question of how to deal with the fact that political systems tend to exhibit “path dependency,” a force that makes large policy shifts difficult and rare, and limits most decisions to small incremental changes.

In his paper, [Webster] argues that consideration of path dependence in the context of climate policy justifies greater near-term emissions reductions in what amounts to a hedging strategy.

Advertisements

One response to “Climate policy decisions and decision analysis

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: