This project will contribute to Australian and international efforts on emission control by quantifying and
forecasting the relationships between variables such as energy production, emission and climate, and assessing
the real and financial risks associated with changing the ways in which economies produce and use energy. Given
the complex and changing trends in the relevant time series and the roles that risk and uncertainty play, the
project will develop new and appropriate estimation and inferential techniques to undertake the proposed
empirical work. Societal benefits will include a better understanding of human influence on the environment, and
improved forecasts for informing policy decisions.