
The Climate Pod
Groundbreaking Economic Study Suggests Greater Climate Damages (w/ Dr. Adrien Bilal and Dr. Diego Kaenzig)
May 15, 2024
Economists Dr. Adrien Bilal and Dr. Diego Kaenzig challenge traditional economic models on climate change impacts, revealing a 12% global GDP decrease per one degree Celsius rise. They discuss the flaws in current forecasting methods, advocate for urgent action on emissions, and highlight the significance of their groundbreaking study in shaping climate policy decisions.
51:07
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Quick takeaways
- Challenging conventional economic models, the study predicts a 12% GDP decrease per one-degree Celsius rise in temperatures.
- The study reveals a higher social cost of carbon, emphasizing the need to reevaluate climate policy decisions.
Deep dives
Impact of Groundbreaking Academic Study on Climate Change
A groundbreaking academic study reveals groundbreaking implications for how society approaches climate change, specifically in understanding its economic threat. The study challenges conventional economic models like William Nordhaus's dice model, aligning more closely with scientific community predictions on future climate disasters. Drs. Balal and Kanzig discuss the critical importance of this contribution to economics, policymaking, and the science of climate change.
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