Paris Climate Agreement passes the cost-benefit test

Relative economic benefits of achieving temperature targets have not properly accounted for damages at higher temperatures. Here the authors integrate dynamic cost-benefit analysis with a damage-cost curve and show that the Paris Climate Agreement constitutes the economically optimal policy pathway...

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Autores principales: Nicole Glanemann, Sven N. Willner, Anders Levermann
Formato: article
Lenguaje:EN
Publicado: Nature Portfolio 2020
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Acceso en línea:https://doaj.org/article/9a9513caafdc43bf925b57c7c95be59c
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Sumario:Relative economic benefits of achieving temperature targets have not properly accounted for damages at higher temperatures. Here the authors integrate dynamic cost-benefit analysis with a damage-cost curve and show that the Paris Climate Agreement constitutes the economically optimal policy pathway for the future.