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Climate costs bolt upward. #auspol #science

jpratt27

President-elect Donald Trump stops taking climate change into account when making federal energy policy, he’ll do so just as a leading projection of climate-related costs bolts upward.

William Nordhaus of Yale University is a central figure in the study of climate change and economics. In the early 1990s he developed what became the leading computer model for studying the effects of warming on the global economy. The Dynamic Integrated model of Climate & the Economy (DICE) has long given resource economists, students, and policymakers an opportunity to test how different scenarios might lead to quite different future climates.
Nordhaus recently updated DICE. He published results of an early test-drive of it this week in a National Bureau of Economic Research working paper, titled “Projections and Uncertainties About Climate Change in an Era of Minimal Climate Policies.”
Readers of recent headlines might be forgiven for assuming the “era of minimal climate…

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December 27, 2016 - Posted by | Uncategorized

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