Skip to main content

Thank you for visiting nature.com. You are using a browser version with limited support for CSS. To obtain the best experience, we recommend you use a more up to date browser (or turn off compatibility mode in Internet Explorer). In the meantime, to ensure continued support, we are displaying the site without styles and JavaScript.

  • News & Views
  • Published:

Climate change economics

Reacting to multiple tipping points

When setting carbon prices in a warming world, policymakers must be cognizant of the potential economic and environmental consequences of the risk of multiple, interrelated catastrophes.

This is a preview of subscription content, access via your institution

Access options

Buy this article

Prices may be subject to local taxes which are calculated during checkout

References

  1. Nordhaus, W. D. A Question of Balance: Weighing the Options of Global Warming (Yale Univ. Press, 2008).

    Google Scholar 

  2. Stern, N. The Economics of Climate Change: The Stern Review (Cambridge Univ. Press, 2007).

    Book  Google Scholar 

  3. Lemoine, D. & Traeger, C. Am. Econ. J. Econ. Policy 6, 137–166 (2014).

    Article  Google Scholar 

  4. Lontzek, T. S., Cai, Y., Judd, K. L. & Lenton, T. M. Nature Clim. Change 5, 441–444 (2015).

    Article  Google Scholar 

  5. van der Ploeg, F. & de Zeeuw, A. J. Climate Tipping and Economic Growth: Precautionary Saving and the Social Cost of Carbon OxCarre Research Paper 118 (Oxford Centre for the Analysis of Resource Rich Economies, Univ. Oxford, 2015).

    Google Scholar 

  6. Lemoine, D. & Traeger, C. Nature Clim. Change http://dx.doi.org/10.1038/nclimate2902 (2016).

    Google Scholar 

  7. Cai, Y., Lenton, T. M. & Lontzek, T. S. Nature Clim. Change http://dx.doi.org/10.1038/nclimate2964 (2016).

    Google Scholar 

  8. Andersson, M., Bolton, P. & Samama, F. Hedging Climate Risk (Columbia Univ., 2014).

    Book  Google Scholar 

  9. Pindyck, R. S. & Wang, N. Am. Econ. J. Econ. Policy 5, 306–339 (2013).

    Article  Google Scholar 

  10. Martin, I. W. R. & Pindyck, R. S. Am. Econ. Review 105, 2947–2985 (2015).

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Frederick van der Ploeg.

Rights and permissions

Reprints and permissions

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

van der Ploeg, F. Reacting to multiple tipping points. Nature Clim Change 6, 442–443 (2016). https://doi.org/10.1038/nclimate2962

Download citation

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1038/nclimate2962

This article is cited by

Search

Quick links

Nature Briefing

Sign up for the Nature Briefing newsletter — what matters in science, free to your inbox daily.

Get the most important science stories of the day, free in your inbox. Sign up for Nature Briefing