Current climate models are grossly misleading

By N. Stern. 2016

294 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/15a0607f0796d80f195f3a755e3def4da762f537

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Citations in the corpus

Complexity and the Economics of Climate Change: A Survey and a Look Forward (2017, unknown): “, 2015, among many contributions) and that IAMs may underestimate both the cost of climate change and the benefits resulting from the transition to a low carbon-emission economy (Stern, 2016).”
A report on the Paris Climate Change Agreement and its implications for tourism: why we will always have Paris (2016, background): “2016) and by some economists (Stern, 2016), who are aware that current economic models tend to underestimate seriously both the potential impacts of climate change and the wider benefits of a low-carbon transition.”
Faraway, So Close: Coupled Climate and Economic Dynamics in an Agent-based Integrated Assessment Model (2018, unknown): “Agent-based models (Tesfatsion and Judd, 2006; Fagiolo and Roventini, 2012, 2017) constitute a valuable and promising alternative to IAMs (Smajgl et al., 2011; Farmer et al., 2015; Stern, 2016; Mer-cure et al., 2016; Balint et al., 2017).”
A Review of Criticisms of Integrated Assessment Models and Proposed Approaches to Address These, through the Lens of BECCS (2019, background): “In addition, Stern [51] notes that other damages from business-as-usual base cases, principally from local air pollution, are not costed into these cases.”
The impact of climate conditions on economic production. Evidence from a global panel of regions (2020, background): “The poor theoretical and empirical foundation for such damage functions has widely been criticized (Pindyck, 2013; Farmer et al., 2015; Moore and Diaz, 2015; Stern, 2016; National Academies of Sciences and Medicine, 2017).”
The Effects of Climate Change on GDP by Country and the Global Economic Gains From Complying With the Paris Climate Accord (2018, unknown): “Both Weitzman (2012) and Stern (2016), among others, have warned that current economic modeling may seriously underestimate the impacts of potentially catastrophic climate change and emphasize the need for a new generation of models that give a more accurate picture of damages.”
Managing climate change risks in global supply chains: a review and research agenda (2019, unknown): “There is an urgent need for developing analytical models to manage the impact of climate change (Stern, 2016).”
Economic growth and development with low‐carbon energy (2017, background): “A related criticism is that the models by focus on marginal changes when the problem at hand is one of system-wide and non-marginal change.(16,84) Other critics point out that models typically ignore structural rigidities, particularly in the labor market, which can either increase costs (under full”