Climate and environmental crises

Climate change is increasingly being framed as a “climate crisis.” Such a crisis could be viewed both to unfold in the climate system, as well as to be induced by it in diverse areas of society. Following from current understandings of modern crises, it is clear that climate change indeed can be defined as a “crisis.” As the Intergovernmental Panel on Climate Change 1.5oC special…

Climate Tipping and Economic Growth: Precautionary Capital and the Price of Carbon

The optimal reaction to a climate tipping point that becomes more imminent with global warming is to be precautionary in adjusting capital to prepare for the calamity and to price carbon to make catastrophic change less imminent. The saving response can be positive or negative. If the mean lag for the impact of the catastrophe is long enough, the saving response will be negative, because…

The Tipping Game

This paper shows that in the presence of a tipping point in a natural system, stable partial cooperation may prevent tipping and if this is not possible, the remaining gains of cooperation are small. This is good news, because the big loss of ecosystem services from tipping can often be avoided. Moreover, the usual grim story that a high level of cooperation is hard to…

The Tipping Game

This paper shows that in the presence of a tipping point in a natural system, stable partial cooperation may prevent tipping and if this is not possible, the remaining gains of cooperation are small. This is good news, because the big loss of ecosystem services from tipping can often be avoided. Moreover, the usual grim story that a high level of cooperation is hard to…

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Query Monitor

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