INTEGRATED RISK ANALYSIS OF GLOBAL CLIMATE-CHANGE

This paper discusses several factors that should be considered in inte grated risk analyses of global climate change. We begin by describing how the problem of global climate change can be subdivided into largel y independent parts that can he linked together in an analytically tra ctable fashion. Uncertainty ploys a central role in integrated risk an alyses of global climate change. Accordingly, we consider various aspe cts of uncertainty as they relate to the climate change problem. We al so consider the impacts of these uncertainties on various risk managem ent issues, such as sequential decision strategies, value of informati on, and problems of interregional and intergenerational equity.