A generalized framework of Economic Analysis of natural and man-made disasters is applied to the estimation of business interruption losses associated with an oil spill. Specifically, this framework is applied to the Deepwater Horizon incident which occurred on April 20, 2010 and resulted in the...

Decisions for climate policy will need to take place in advance of climate science resolving all relevant uncertainties. Further, if the concern of policy is to reduce risk, then the best-estimate of climate change impacts may not be so important as the currently understood uncertainty...

Policy makers will most likely need to make decisions about climate policy before climate scientists have resolved all relevant uncertainties about the impacts of climate change. This study demonstrates a risk-assessment methodology for evaluating uncertain future climatic conditions. We...

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