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Related papers: The Role of Uncertainty in Controlling Climate Cha…

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Integrated Assessment Models (IAMs) are pivotal tools that synthesize knowledge from climate science, economics, and policy to evaluate the interactions between human activities and the climate system. They serve as essential instruments…

General Economics · Economics 2025-11-04 Yongyang Cai

Integrated Assessment Models (IAMs) are mainstay tools for assessing the long-term interactions between climate and the economy and for deriving optimal policy responses in the form of carbon prices. IAMs have been criticized for…

General Finance · Quantitative Finance 2016-03-22 Sgouris Sgouridis , Abdulla Kaya , Denes Csala

The economic impacts of climate change are highly uncertain. Two of the most important uncertainties are the sensitivity of the climate system and the so-called damage functions, which relate climate change to economic damages and benefits.…

Atmospheric and Oceanic Physics · Physics 2022-08-24 Jenny Bjordal , Trude Storelvmo , Anthony A. Smith

Damage functions in integrated assessment models (IAMs) map changes in climate to economic impacts and form the basis for most of estimates of the social cost of carbon. Implicit in these functions lies an unwarranted assumption that…

General Economics · Economics 2023-04-18 Francisco Estrada , Richard S. J. Tol , Wouter Botzen

The rapid adoption of AI in Earth system science promises unprecedented speed and fidelity in the generation of climate information. However, this technological prowess rests on a fragile and unequal foundation: the current trajectory of AI…

Climate policy has become increasingly politicized in many countries including the US, with some political parties unwilling to pursue strong measures. Therefore, to be successful in mitigation, climate policies must be politically…

Physics and Society · Physics 2024-03-13 Andrea Di Benedetto , Claudia E. Wieners , Anna S. von der Heydt

Current techniques for predicting climate change are mainly based on "massive" deterministic numerical modeling. However, the ocean-atmosphere system is a so-called "complex system", made up of a large number of interacting elements. We…

Atmospheric and Oceanic Physics · Physics 2022-05-31 Francois Louchet

Economic assessment in environmental science concerns the measurement or valuation of environmental impacts, adaptation, and vulnerability. Integrated assessment modeling is a unifying framework of environmental economics, which attempts to…

General Economics · Economics 2020-09-02 Ruda Zhang , Patrick Wingo , Rodrigo Duran , Kelly Rose , Jennifer Bauer , Roger Ghanem

Addressing climate change requires coordinated policy efforts of nations worldwide. These efforts are informed by scientific reports, which rely in part on Integrated Assessment Models (IAMs), prominent tools used to assess the economic…

Emissions pathways used in climate policy analysis are often derived from integrated assessment models. However, such emissions pathways do not typically include climate feedbacks on socioeconomic systems and by extension do not consider…

General Economics · Economics 2023-08-21 Christopher J. Smith , Alaa Al Khourdajie , Pu Yang , Doris Folini

Ice storms are extreme weather events that can have devastating implications for the sustainability of natural ecosystems as well as man made infrastructure. Ice storms are caused by a complex mix of atmospheric conditions and are among the…

Atmospheric and Oceanic Physics · Physics 2018-05-15 Ranjini Swaminathan , Mohan Sridharan , Katharine Hayhoe

Models of complex dynamical systems like the Earth's climate often involve large numbers of uncertain parameters. Comprehensive exploration of the parameter space is typically prohibitive due to excessive computational costs. Systematic…

Atmospheric and Oceanic Physics · Physics 2026-03-27 Daniel Pals , Sebastian Bathiany , Richard Wood , Joel Kuettel , Niklas Boers

We present a critical analysis of the simulation framework RICE-N, an integrated assessment model (IAM) for evaluating the impacts of climate change on the economy. We identify key issues with RICE-N, including action masking and irrelevant…

Computers and Society · Computer Science 2023-08-08 Bram Renting , Phillip Wozny , Robert Loftin , Claudia Wieners , Erman Acar

Thermal history models, that have been used to understand the geological history of Earth, are now being coupled to climate models to map conditions that allow planets to maintain surface water over geologic time - a criteria considered…

Earth and Planetary Astrophysics · Physics 2020-01-08 Johnny Seales , Adrian Lenardic , William Moore

Scientific and technological advances in numerical modelling have improved the quality of climate predictions over recent decades, but predictive skill remains limited in many aspects. Extreme events such as heat and cold waves, droughts,…

Integrated assessment models (IAMs) are valuable tools that consider the interactions between socioeconomic systems and the climate system. Decision-makers and policy analysts employ IAMs to calculate the marginalized monetary cost of…

Atmospheric and Oceanic Physics · Physics 2020-12-09 Kristina R. Colbert , Frank C. Errickson , David Anthoff , Chris E. Forest

We build a novel stochastic dynamic regional integrated assessment model (IAM) of the climate and economic system including a number of important climate science elements that are missing in most IAMs. These elements are spatial heat…

General Economics · Economics 2019-09-10 Yongyang Cai , William Brock , Anastasios Xepapadeas , Kenneth Judd

Decadal climate predictions, which are initialized with observed conditions, are characterized by two main sources of uncertainties--internal and model variabilities. Using an ensemble of climate model simulations from the CMIP5 decadal…

Atmospheric and Oceanic Physics · Physics 2015-08-10 Ehud Strobach , Golan Bel

Using observational data and an elementary rigorous statistical fact it is easily shown that the distribution of Earth's climate is non-stationary. Examination of records of hundreds of local Industrial Era temperature histories in the…

Atmospheric and Oceanic Physics · Physics 2022-01-21 Juan M. Restrepo , Michael E. Mann

Multi-model ensembles provide a pragmatic approach to the representation of model uncertainty in climate prediction. However, such representations are inherently ad hoc, and, as shown, probability distributions of climate variables based on…

Atmospheric and Oceanic Physics · Physics 2009-08-26 T. N. Palmer , F. J. Doblas-Reyes , A. Weisheimer , G. J. Shutts , J. Berner , J. M. Murphy
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