Economic impacts of tipping points in the climate system
Tipping points in the climate system are one of the principal reasons for concern about climate change. Climate economists have only recently begun incorporating them in economic models. The authors of this paper synthesize this emerging literature and provide unified, geophysically realistic estimates of the economic impacts of eight climate tipping points with an emphasis on the social cost of carbon, a key policy input.
Simon Dietz, James Rising, Thomas Stoerk, Gernot Wagner
Proceedings of the National Academy of Sciences Aug 2021, 118 (34) e2103081118; DOI: 10.1073/pnas.2103081118