Some thoughts on the Social Cost of Carbon hearing. Discussions on sensitivity, greening, discount rates are mostly beside the point. 1/n
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These are simplistic functions of the global temperature w/o considerations of regions, vulnerability, sea level issues, extremes etc. 4/n
IMO (despite well-meaning effort by DICE/FUND/PAGES authors) these kinds of model aren't fit for purpose in estimating economic damages 5/n
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would these be better without 100% caused climate change?pic.twitter.com/H49BSqTt57
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The kind of effort required is something else entirely - bottom-up/sector based/regionally defined/using more climate information. 6/n
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There are efforts in this direction: AgMIP, SIM-EARTH (at U. Chicago) but more is needed. But until this is ready, SCC estimates... 7/n
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Agreed. I argue that this is especially true for sea level-related risks. I make this point in public talks regularly.
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Sorry for my ignorance, but IMO refers here to International Maritime Organization? I'm trying to read more reports on -1/2
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topic, and I would like to completely understand your comments
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"in my opinion"
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