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Do climate dynamics matter for economics?

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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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).

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