Stochastic integrated assessment of climate tipping points indicates the need for strict climate policy
Abstract
Analysis of the uncertainty associated with the timing of climate tipping points suggests that carbon taxes need to be increased by a minimum of 50%. If considering a rapid, high-impact tipping event, these taxes should be more than 200% higher. This implies that the discount rate to delay stochastic tipping points is much lower than that for deterministic climate damages.
- Publication:
-
Nature Climate Change
- Pub Date:
- May 2015
- DOI:
- Bibcode:
- 2015NatCC...5..441L