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Yanovski
Located in PIK Members
QTFINANZ
Located in Output Projects Current Projects
FINFAIL
Located in Output Projects Current Projects
Gaitan
Located in PIK Members
Franks
Located in PIK Members
Lessmann
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An Economic Case for the UN Climate Targets: Early and strong climate action pays off
07/13/2020 - Climate action is not cheap – but climate damages aren’t, either. So what level of climate action is best, economically speaking? This question has puzzled economists for decades, and in particular since the 2018 Nobel Prize in Economics went to William Nordhaus, who found 3.5 degrees of warming by 2100 might be an economically desirable outcome. An international team of scientists led by the Potsdam Institute has now updated the computer simulation model used to come to this conclusion with latest data and insights from both climate science and economics. They found that limiting global warming to below 2 degrees strikes an economically optimal balance between future climate damages and today’s climate mitigation costs. This would require a price of CO2 of more than 100 US Dollar per ton.
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Bundesbank experts discuss climate risks for finance
13/02/2020 - Climate risks for finance were at the centre of a joint workshop at the Potsdam Institute for Climate Impact Research (PIK) with experts from the German Bundesbank. Both the physical impacts of global warming, for instance weather extremes, and the economical impacts of transitioning to net zero CO2 emissions have huge implications. The experts and scientists discussed potential future collaborations, namely on data exchange and computer simulation modelling.
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Yanovski
Located in PIK Members Boyan Yanovski
PIK and MCC deliver detailed assessment of German climate package
14/10/2019 - The climate protection programme adopted by the Federal Government last week, which is intended to limit greenhouse gas emissions especially in the transport and heating sectors, is unlikely to be sufficient to achieve the 2030 climate targets. Policymakers need to make four particular adjustments: first, they need to raise the level of ambition for the carbon price; second, they need to improve social balance; third, they need to develop further its integration with the EU level; and fourth, they need to introduce an effective monitoring process. This is the core message of a detailed assessment of the climate package, presented by the Berlin climate research institute MCC (Mercator Research Institute on Global Commons and Climate Change) and the Potsdam Institute for Climate Impact Research (PIK).
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