Facing up to uncertainty in climate-change economics, Vox, - Grantham Research Institute on climate change and the environment<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/facing-up-to-uncertainty-in-climate-change-economics-vox\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Facing up to uncertainty in climate-change economics, Vox, - Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"og:description\" content=\"Uncertainty is intrinsic in climate-change economics. This column argues that it’s here to stay. There will be no accurate predictive...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/facing-up-to-uncertainty-in-climate-change-economics-vox\/\" \/>\n<meta property=\"og:site_name\" content=\"Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"article:modified_time\" content=\"2017-08-02T14:12:02+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news\\\/facing-up-to-uncertainty-in-climate-change-economics-vox\\\/\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news\\\/facing-up-to-uncertainty-in-climate-change-economics-vox\\\/\",\"name\":\"Facing up to uncertainty in climate-change economics, Vox, - Grantham Research Institute on climate change and the environment\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/#website\"},\"datePublished\":\"1970-01-01T00:00:00+00:00\",\"dateModified\":\"2017-08-02T14:12:02+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news\\\/facing-up-to-uncertainty-in-climate-change-economics-vox\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news\\\/facing-up-to-uncertainty-in-climate-change-economics-vox\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news\\\/facing-up-to-uncertainty-in-climate-change-economics-vox\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News & commentaries\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news-and-commentary\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Commentary\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news-category\\\/20-commentary\\\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Facing up to uncertainty in climate-change economics, Vox,\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/#website\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/\",\"name\":\"Grantham Research Institute on climate change and the environment\",\"description\":\"The Grantham Research Institute at LSE carries out world-class research on climate change and the environment.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"}]}<\/script>\n","yoast_head_json":{"title":"Facing up to uncertainty in climate-change economics, Vox, - Grantham Research Institute on climate change and the environment","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/facing-up-to-uncertainty-in-climate-change-economics-vox\/","og_locale":"en_GB","og_type":"article","og_title":"Facing up to uncertainty in climate-change economics, Vox, - Grantham Research Institute on climate change and the environment","og_description":"Uncertainty is intrinsic in climate-change economics. This column argues that it’s here to stay. There will be no accurate predictive...","og_url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/facing-up-to-uncertainty-in-climate-change-economics-vox\/","og_site_name":"Grantham Research Institute on climate change and the environment","article_modified_time":"2017-08-02T14:12:02+00:00","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/facing-up-to-uncertainty-in-climate-change-economics-vox\/","url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/facing-up-to-uncertainty-in-climate-change-economics-vox\/","name":"Facing up to uncertainty in climate-change economics, Vox, - Grantham Research Institute on climate change and the environment","isPartOf":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/#website"},"datePublished":"1970-01-01T00:00:00+00:00","dateModified":"2017-08-02T14:12:02+00:00","breadcrumb":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/facing-up-to-uncertainty-in-climate-change-economics-vox\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/facing-up-to-uncertainty-in-climate-change-economics-vox\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/facing-up-to-uncertainty-in-climate-change-economics-vox\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/"},{"@type":"ListItem","position":2,"name":"News & commentaries","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news-and-commentary\/"},{"@type":"ListItem","position":3,"name":"Commentary","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news-category\/20-commentary\/"},{"@type":"ListItem","position":4,"name":"Facing up to uncertainty in climate-change economics, Vox,"}]},{"@type":"WebSite","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/#website","url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/","name":"Grantham Research Institute on climate change and the environment","description":"The Grantham Research Institute at LSE carries out world-class research on climate change and the environment.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"}]}},"taxonomies":{"news-category":["Commentary"]},"_links":{"self":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/news\/7167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/users\/43"}],"version-history":[{"count":0,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/news\/7167\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/media?parent=7167"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/tags?post=7167"},{"taxonomy":"news-category","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/news-category?post=7167"},{"taxonomy":"topic_area","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/topic_area?post=7167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}

{"id":7167,"date":"2013-06-13T00:00:00","date_gmt":"1970-01-01T00:00:00","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/facing-up-to-uncertainty-in-climate-change-economics-vox\/"},"modified":"2017-08-02T15:12:02","modified_gmt":"2017-08-02T14:12:02","slug":"facing-up-to-uncertainty-in-climate-change-economics-vox","status":"publish","type":"news","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/facing-up-to-uncertainty-in-climate-change-economics-vox\/","title":{"rendered":"Facing up to uncertainty in climate-change economics, Vox,"},"content":{"rendered":"\n

Uncertainty is intrinsic in climate-change economics. This column argues that it’s here to stay. There will be no accurate predictive tool for predicting economic growth, the emergence of clean-energy technology, or economic vulnerability in light of climate change in the near future. But this is not an excuse not to think about climate economics. Research and policy would do well to be more explicit about what we don’t know. We should avoid subjective guesses, and focus more on credible forecasts from empirically sound, if uncertain, models.<\/p>\n

Vox<\/em><\/strong><\/p>\n\n","protected":false},"excerpt":{"rendered":"\n

Uncertainty is intrinsic in climate-change economics. This column argues that it’s here to stay. There will be no accurate predictive…<\/p>\n\n","protected":false},"author":43,"featured_media":0,"template":"","tags":[],"news-category":[16],"topic_area":[],"class_list":["post-7167","news","type-news","status-publish","hentry","news-category-20-commentary"],"acf":{"article_link":{"ref_value":"field_52eee3c7f0586","value":"https:\/\/www.voxeu.org\/article\/facing-uncertainty-climate-change-economics","type":false,"post_type":""},"profile_link":{"ref_value":"field_52f164b5189e9","value":["?post_type=profile&p=2253"],"type":"relationship","post_type":"profile"},"downloads":{"ref_value":"field_52f16cc1a80f2","value":false,"type":"repeater","post_type":""},"article_link_title":{"ref_value":"field_5322399d89d42","value":"","type":false,"post_type":""},"spotlight":{"ref_value":"field_52f80896506d3","value":"","type":false,"post_type":""},"exclude_from_sync":{"ref_value":"field_560538b0e7350","value":"0","type":false,"post_type":""},"rss_newsletter":{"ref_value":"field_54f5c2c1544d8","value":"","type":false,"post_type":""}},"yoast_head":"\nFacing up to uncertainty in climate-change economics, Vox, - Grantham Research Institute on climate change and the environment<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/facing-up-to-uncertainty-in-climate-change-economics-vox\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Facing up to uncertainty in climate-change economics, Vox, - Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"og:description\" content=\"Uncertainty is intrinsic in climate-change economics. This column argues that it’s here to stay. There will be no accurate predictive...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/facing-up-to-uncertainty-in-climate-change-economics-vox\/\" \/>\n<meta property=\"og:site_name\" content=\"Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"article:modified_time\" content=\"2017-08-02T14:12:02+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news\\\/facing-up-to-uncertainty-in-climate-change-economics-vox\\\/\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news\\\/facing-up-to-uncertainty-in-climate-change-economics-vox\\\/\",\"name\":\"Facing up to uncertainty in climate-change economics, Vox, - Grantham Research Institute on climate change and the environment\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/#website\"},\"datePublished\":\"1970-01-01T00:00:00+00:00\",\"dateModified\":\"2017-08-02T14:12:02+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news\\\/facing-up-to-uncertainty-in-climate-change-economics-vox\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news\\\/facing-up-to-uncertainty-in-climate-change-economics-vox\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news\\\/facing-up-to-uncertainty-in-climate-change-economics-vox\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News & commentaries\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news-and-commentary\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Commentary\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news-category\\\/20-commentary\\\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Facing up to uncertainty in climate-change economics, Vox,\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/#website\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/\",\"name\":\"Grantham Research Institute on climate change and the environment\",\"description\":\"The Grantham Research Institute at LSE carries out world-class research on climate change and the environment.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"}]}<\/script>\n","yoast_head_json":{"title":"Facing up to uncertainty in climate-change economics, Vox, - Grantham Research Institute on climate change and the environment","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/facing-up-to-uncertainty-in-climate-change-economics-vox\/","og_locale":"en_GB","og_type":"article","og_title":"Facing up to uncertainty in climate-change economics, Vox, - Grantham Research Institute on climate change and the environment","og_description":"Uncertainty is intrinsic in climate-change economics. This column argues that it’s here to stay. There will be no accurate predictive...","og_url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/facing-up-to-uncertainty-in-climate-change-economics-vox\/","og_site_name":"Grantham Research Institute on climate change and the environment","article_modified_time":"2017-08-02T14:12:02+00:00","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/facing-up-to-uncertainty-in-climate-change-economics-vox\/","url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/facing-up-to-uncertainty-in-climate-change-economics-vox\/","name":"Facing up to uncertainty in climate-change economics, Vox, - Grantham Research Institute on climate change and the environment","isPartOf":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/#website"},"datePublished":"1970-01-01T00:00:00+00:00","dateModified":"2017-08-02T14:12:02+00:00","breadcrumb":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/facing-up-to-uncertainty-in-climate-change-economics-vox\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/facing-up-to-uncertainty-in-climate-change-economics-vox\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/facing-up-to-uncertainty-in-climate-change-economics-vox\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/"},{"@type":"ListItem","position":2,"name":"News & commentaries","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news-and-commentary\/"},{"@type":"ListItem","position":3,"name":"Commentary","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news-category\/20-commentary\/"},{"@type":"ListItem","position":4,"name":"Facing up to uncertainty in climate-change economics, Vox,"}]},{"@type":"WebSite","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/#website","url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/","name":"Grantham Research Institute on climate change and the environment","description":"The Grantham Research Institute at LSE carries out world-class research on climate change and the environment.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"}]}},"taxonomies":{"news-category":["Commentary"]},"_links":{"self":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/news\/7167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/users\/43"}],"version-history":[{"count":0,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/news\/7167\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/media?parent=7167"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/tags?post=7167"},{"taxonomy":"news-category","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/news-category?post=7167"},{"taxonomy":"topic_area","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/topic_area?post=7167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}