Future generations will have to pay more for today's carbon emissions than what governments across the world currently understand. The climate models used by policymakers around the world to estimate the economic and social costs of CO2 emissions have to be improved according to Thomas Sterner, professor of Environmental Economics at the School of Business, Economics and Law, University of Gothenburg, and six other scientists in the prestigious journal Nature.
The seven scientists behind the article, due to be published 10 April, conclude that the reports by the UN climate panel serve an important function in setting the agenda for climate research. Yet the most important role of the Intergovernmental Panel on Climate Change (IPCC) is to inform the global political discussion on how the harm caused by climate change should be handled.
Thomas Sterner, expert on policy instruments to reduce greenhouse gas emissions, is a Coordinating Lead Author of one key chapter on policy instruments in the Working Group III of the Fifth Assessment Report of the UN (IPCC) climate report that is scheduled to be presented on Sunday 13 April in Berlin.
‘Our purpose with this article in Nature is to discuss models that will enable us to calculate a necessary minimum level for the global environmental damage of emitting an additional ton of carbon dioxide. This cost is very relevant given the attempts of the White House to raise the so-called social cost of carbon in the U.S. to 37 dollars per ton. All U.S. authorities (such as the Departments of Energy or Transport) must take this cost into account in calculations of investments in roads and energy supply,’ says Sterner.
The social cost of carbon correspond to the money saved when damages due to climate change are avoided as a result of the countries of the world undertaking policy that leads to reduced emissions of CO2.
‘Sweden has already gone further than what the U.S. is discussing, since we have a CO2 tax of about USD 150 per ton, or SEK 1 per kilo, of CO2 emissions from transports and energy,’ says Sterner.
The article in Nature is entitled Improve Economic Models of Climate Change. The authors point to several weaknesses of the most commonly used climate models. However, they write that the models are useful, notwithstanding the significant uncertainties – since they do provide a minimum level and thus enable politicians to reduce the effects of climate change to some extent.
Also, the authors continue, modelers, economists and natural scientists must leave their ivory towers and cooperate with each other in order to identify research gaps and weaknesses, with a view to continuously improve their models. Economic climate models need to be updated more often to keep up with new research findings. If this is not done, the damage caused by CO2 emissions will be underestimated also in the future, which means that political decision-making around the world will continue to underestimate the true economic effects of climate change.
Thomas Sterner, Professor of Environmental Economics, School of Business, Economics and Law, University of Gothenburg. Tel: +46 (0)708 163 306; e-mail: firstname.lastname@example.org
Karin Backteman, Communications Officer, +46 (0)31 786 25 95, email@example.com
Karin Backteman | idw - Informationsdienst Wissenschaft
Taking a molecular approach to conserving freshwater biodiversity
09.11.2015 | Universiti Putra Malaysia (UPM)
Faster digestion in kangaroos reduces methane emissions
05.11.2015 | Universität Zürich
Nerve cells cover their high energy demand with glucose and lactate. Scientists of the University of Zurich now provide new support for this. They show for the first time in the intact mouse brain evidence for an exchange of lactate between different brain cells. With this study they were able to confirm a 20-year old hypothesis.
In comparison to other organs, the human brain has the highest energy requirements. The supply of energy for nerve cells and the particular role of lactic acid...
In laser material processing, the simulation of processes has made great strides over the past few years. Today, the software can predict relatively well what will happen on the workpiece. Unfortunately, it is also highly complex and requires a lot of computing time. Thanks to clever simplification, experts from Fraunhofer ILT are now able to offer the first-ever simulation software that calculates processes in real time and also runs on tablet computers and smartphones. The fast software enables users to do without expensive experiments and to find optimum process parameters even more effectively.
Before now, the reliable simulation of laser processes was a job for experts. Armed with sophisticated software packages and after many hours on computer...
Researchers at Heidelberg University have devised a new way to study the phenomenon of magnetism. Using ultracold atoms at near absolute zero, they prepared a...
AWI researchers’ unique 15-year observation series reveals how sensitive marine ecosystems in polar regions are to change
The warming of arctic waters in the wake of climate change is likely to produce radical changes in the marine habitats of the High North. This is indicated by...
Berkeley Lab researchers develop nanoparticles that can carry therapeutics across the brain blood barrier
Glioblastoma multiforme, a cancer of the brain also known as "octopus tumors" because of the manner in which the cancer cells extend their tendrils into...
17.11.2015 | Event News
21.10.2015 | Event News
20.10.2015 | Event News
24.11.2015 | Trade Fair News
24.11.2015 | Trade Fair News
24.11.2015 | Life Sciences