Potential errors are revealed in a popular climate model, suggesting a recalibration that could significantly affect its forecasts. Additionally, their findings highlight how this adjustment alters estimates of the social cost of carbon.
The video, created by E4S, presents this research in a straightforward manner, offering valuable insights into climate economics and the forefront of climate change mitigation efforts.
More about E4S Research Snapchots on E4S website.
Doris Folini, Aleksandra Friedl, Felix Kübler, Simon Scheidegger, The Climate in Climate Economics, The Review of Economic Studies, 2024;, rdae011, https://doi.org/10.1093/restud/rdae011
