OceanIronFertilizationEconomics,CarbonPolicy,andValue.pptVIP

Ocean Iron Fertilization:Economics, Carbon Policy, and Value of Information Hauke Kite-Powell Marine Policy Center Woods Hole Oceanographic Institution Ocean Iron Fertilization Symposium Woods Hole 27 September 2007 Outline General Framework for Economic Value of Information Information about the Ocean Iron Option: Uncertainty and Assumptions An Estimate of Potential Value Implications for Research Value of Information:General Framework Information has value when it changes decisions/actions/outcomes Information changes decisions outcomes by reducing uncertainty Value of Informa