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Lessmann
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Martin
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Schauberger
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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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Road access for all would be costly, but not so much for the climate
07/10/2020 - One of the UN’s Sustainable Development Goals aims to ensure access to transport infrastructure for all. A team of researchers led by the Potsdam Institute for Climate Impact Research (PIK) has now brought together various data sets to quantify the economic costs as well as climate implications of achieving this goal by providing universal road access. The result: While such road extension would weigh very heavily on individual countries’ budgets, on the global CO2 emissions budget it would not. To connect almost all the world’s population, the global road network would only need to be extended by 8 per cent, causing a total CO2 emissions of about 1.5 per cent of what we can emit while keeping global warming below 2 degree Celsius.
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Lange
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Gupta
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Climate research informing global finance: Scenarios can serve as yardstick for central banks’ risk assessment
06/24/2020 – Stability is at the core of central banks’ objectives. To assess climate destabilization risks, major central banks and supervisors plan to utilise climate scenarios developed by a team of researchers led by the Potsdam Institute for Climate Impact Research. These scenarios will inform the climate stress tests that central banks like the Bank of England or the Banque de France are planning to apply to the financial institutions they regulate. The work was commissioned by the “Network of Central Banks and Supervisors for Greening the Financial System” (NGFS), a group of 66 central banks and supervisors around the globe which aims to develop climate risk management in the financial sector.
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Berlin Climate and Security Conference Kicks Off Major New Risk Assessment
06/23/2020 - Climate destabilization increases risks to peace and security - to address these risks, scientists and policy-makers are teaming up to find solutions. The Berlin Climate and Security Conference (BCSC) is the global meeting place for leaders from governments, international organisations, the scientific community, the private sector and civil society to explore how climate change is impacting peace and security—and what action the international community can take to tackle climate-fragility risks. This year the high-level event, which features statements from over 14 foreign ministers, heads of state, and UN chiefs, explores the steps necessary to ensure we build a climate- and conflict-sensitive post-Covid world. It is organised by the German Federal Foreign Office, in partnership with adelphi and Potsdam Institute for Climate Impact Research (PIK).
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Excellency rewarded
June 2020 - The research of two young scientists from the Potsdam Institute for Climate Impact Research has recently been awarded for its excellence: Xiaoxi Wang wins China Council Scholarship, Andrew McConnell receives prize from Oxford's Martin School.
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