Author(s): Stanton, E.A., F. Ackerman, and R. Bueno In: SEI
Discussion Brief. SEI: Somerville, MA, US Type: Discussion Brief
Link to SEI author(s): Reason, Empathy, and Fair Play: the
Climate Policy Gap (Discussion Brief) This brief addresses why
CRED recommends such stringent reductions when some other
climate-economics models say that very slow emission reductions
are the best policy. To achieve the greatest possible human
welfare, SEI’s Climate and Regional Economics of Development
(CRED) model calls for a rapid reduction of greenhouse gas
emissions, beginning in the next decade and keeping cumulative
twenty-first century carbon dioxide (CO2) emissions below 2,000
Gt (gigatonnes, or thousand million tons). • To make good
decisions about an uncertain future, we need to know not only
the most likely pace and economic impacts of global warming, but
also the worst-case risks. In these crucial areas, the latest
findings of climate scientists paint a more ominous picture than
conventional climate economics. • A