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Economic impacts of tipping points in the climate system

Dietz, Simon; Rising, James; Stoerk, Thomas; Wagner, Gernot

Tipping points in the climate system are one of the principal reasons for concern about climate change. Climate economists have only recently begun incorporating them in economic models. We synthesize this emerging literature and provide unified, geophysically realistic estimates of the economic impacts of eight climate tipping points with an emphasis on the social cost of carbon, a key policy input.

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Business
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August 22, 2023