New study examines impacts of economic damages from on-going climate change

A new study examines the consequences of an accounting for climate impacts already occurring in the modeling of pathways towards limiting global warming to well below 2°C. The results show accounting for damages on economic growth increases the gap between the currently pledged nationally determined contributions and the welfare-optimal 2030 emissions by two thirds.

The paper will be published as open access and is already available:

Schultes, A., F. Piontek„, B. Soergel„, J. Rogelj…, L. Baumstark„, E. Kriegler„, O. Edenhofer„†, G. Luderer„. 2021. Economic damages from on-going climate change imply deeper near-term emission cuts. Environmental Research Letters, in press.