Governments Urged to Fix Faulty Radar in Economic Models Disregarding Climate Risk

Governments urged to fix faulty radar in economic models disregarding climate risk

Economic models used by governments, central banks and investors are increasingly understating physical climate risk because they rely on assumptions that break down as the world moves toward higher levels of warming, according to a new report from University of Exeter and Carbon Tracker. The report Recalibrating Climate Risk—drawing on expert judgment from more than 60 climate scientists—finds that many economic models are failing to capture th…

How Climate Economics Got the Risks Wrong - CleanTechnica

The publication of a new study by researchers associated with the University of Exeter and Carbon Tracker has reopened a debate that many policymakers and economists falsely assumed was settled. The study argues that widely used economic models underestimate the risks of climate change because they smooth impacts over time, ... [continued] The post How Climate Economics Got the Risks Wrong appeared first on CleanTechnica.

How Climate Economics Got the Risks Wrong

The publication of a new study by researchers associated with the University of Exeter and Carbon Tracker has reopened a debate that many policymakers and economists falsely assumed was settled. The study argues that widely used economic models underestimate the risks of climate change because they smooth impacts over time, ... [continued] The post How Climate Economics Got the Risks Wrong appeared first on CleanTechnica.