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CLIMATE ECONOMICS

Do climate dynamics matter for economics?

Nature Climate Change volume 11, pages 802–803 (2021)Cite this article

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Economic models of climate change are the basis for climate policy design. However, incorrect representation of physical dynamics in these models could lead to biased advice.

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Fig. 1: The uncertainty about the social cost of carbon.

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Authors and Affiliations

  1. Department of Economics, University of Sussex, Jubilee Building, Falmer, UK

    Richard S. J. Tol

  2. Institute for Environmental Studies, Vrije Universiteit, Amsterdam, the Netherlands

    Richard S. J. Tol

  3. Department of Spatial Economics, Vrije Universiteit, Amsterdam, the Netherlands

    Richard S. J. Tol

  4. Tinbergen Institute, Amsterdam, the Netherlands

    Richard S. J. Tol

  5. CESifo, Munich, Germany

    Richard S. J. Tol

  6. Payne Institute for Public Policy, Colorado School of Mines, Golden, CO, USA

    Richard S. J. Tol

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  1. Richard S. J. Tol
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Correspondence to Richard S. J. Tol.

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Tol, R.S.J. Do climate dynamics matter for economics?. Nat. Clim. Chang. 11, 802–803 (2021). https://doi.org/10.1038/s41558-021-01169-5

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