Together with six other scientists, Lindau Alumnus Frikk Nesje and young economist Martin C. Hänsel, who is invited to the upcoming Lindau Meeting on Economic Sciences in August 2021, published the paper "Climate economics support for the UN climate targets" in Nature Climate Change. They have updated the Dynamic Integrated Climate-Economy Model (DICE) of Nobel Laureate William Nordhaus, which recommends a limit of 3.5°C for global warming in 2100 as a desirable outcome to avoid economic climate damage caused for example by extreme weather events or health risks because of rising temperatures. William Nordhaus received the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in 2018 “for integrating climate change into long-run macroeconomic analysis”. In their paper Frikk Nesje and Martin Hänsel show that the UN climate targets to limit warming to well below 2°C may be optimal – even according to DICE.
Find an inteview with Frikk and Martin on our blog.