(a) The major task that could help (and probably the only one feasible over a 2 year time frame) would be a careful and comprehensive review of
existing damage estimates.
Not exact matches
«For
existing RPS policies, the lower - bound
estimates for human health benefits associated with improved air quality come in at least $ 48bn, plus $ 37bn in benefits from reduced
damage to the climate.»
Existing estimates are based not on testable (let alone tested) economic models of how changes in climate generate economic costs, but on conjecture, guesswork, and sometimes simply by asking «experts» — the people who construct SCC
estimates — what they think the
damages from climate change might be.»
How can the characterization of
damages used to
estimate the SCC be improved over the next 1 - 3 years through incorporation of
existing evidence or changes to modeling approaches?
Though his model is, by his own admission, somewhat simplistic, Nordhaus says his conclusions reflect an
estimated impact from global warming that is «larger than most
existing estimates of market
damages.»