AI Snips
Chapters
Transcript
Episode notes
Persistent Climate Sensitivity Uncertainty
- Climate sensitivity remains highly uncertain decades to centuries ahead, defined roughly as 1.5–4.5°C per CO2 doubling.
- That persistent uncertainty raises the probability of extreme outcomes and makes risk management urgent.
Tails Matter More Than The Median
- Probability distributions show a meaningful chance of very high warming even if median estimates are lower.
- Small increases in CO2 concentration dramatically raise the tail probability of catastrophic warming.
Price Carbon As Insurance
- Treat climate change like an insurance problem by pricing CO2 today to avoid future catastrophic losses.
- Implementing a positive carbon price aligns market incentives and reduces emissions efficiently.