Cost risk analysis (CRA) is currently emerging as a noticed decision-analytic framework within the field of climate economics. It combines the expected utility-based structure of cost benefit analysis (CBA) with the target-based approach of cost effectiveness analysis (CEA). As such, it offers a...

Side-effects of "solar-radiation management" (SRM) might be perceived as an important metric when society decides on implementing SRM as a climate policy option to alleviate anthropogenic global warming. We generalize cost-risk analysis that originally trades-off expected welfare-loss from...