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IPCC 6th Assessment Report: Physical Science Basis
This briefing by Zero Carbon Analytics prepares readers for the release of the IPCC's 6th Assessment Report (AR6) 'The Physical Science Basis'. It outlines major climate science developments since the 5th Assessment Report (AR5), focusing on human attribution of extreme weather, updated carbon budgets, refined climate sensitivity models, the role of non-CO2 greenhouse gases, and the complexities of net-zero and carbon dioxide removal.
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Document type: Briefing
Reason, Empathy, and Fair Play: the Climate Policy Gap
This research paper by the Stockholm Environment Institute uses the Climate and Regional Economics of Development (CRED) model to analyze the gap between current climate-economic policy recommendations and the emission reductions required to limit global warming to 2°C. The authors argue that conventional models, such as DICE, often underestimate climate damages and ignore international equity and the needs of future generations. By incorporating updated science, lower discount rates, and cross-regional investments from rich to poor countries, the CRED Optimal scenario demonstrates that it is possible to achieve a high probability of staying below 2°C while simultaneously reducing global income inequality.
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Document type: Research paper
Epstein-Zin utility in DICE: Is risk aversion irrelevant to climate policy?
This research paper introduces a hybrid "EZ-DICE" model that implements Epstein-Zin recursive utility into the Dynamic Integrated Climate-Economy (DICE) model. The authors aim to separate risk aversion from time preference, a conflation present in standard expected-utility frameworks that often leads to a perverse relationship where higher risk aversion implies less concern for future outcomes.
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Document type: Research paper
Climate Economics: The State of the Art
This report by the Stockholm Environment Institute evaluates the current state of climate economics, arguing that economic modeling has lagged behind climate science. The authors advocate for a precautionary, standards-based approach to policy—such as maintaining a 2°C warming limit—rather than relying on traditional cost-benefit frameworks that often underestimate catastrophic risks and the importance of future generations.
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Document type: Report
Environmental Governance and Climate Change in Africa, Legal Perspectives
This research paper examines the legal perspectives surrounding the effects of climate change in Africa, specifically focusing on the role of environmental law and legal mechanisms as tools to enforce policy decisions and shape human behavior regarding the environment.
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This summary is written by a language model reading the source document. It is not the publisher's words and is not a substitute for the original.
Document type: Research paper