Stochastic integrated assessment of climate tipping points indicates the need for strict climate policy

Thomas S. Lontzek (), Yongyang Cai, Kenneth Judd and Timothy M. Lenton ()
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Thomas S. Lontzek: University of Zurich
Timothy M. Lenton: Earth System Science Group, College of Life and Environmental Sciences, University of Exeter

Nature Climate Change, 2015, vol. 5, issue 5, 441-444

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.

Date: 2015
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DOI: 10.1038/nclimate2570

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