Global Melting" The Economics of Disintegration of the Greenland Ice Sheet
Concerns about the impact on large-scale earth systems have taken center stage in the scientific and economic analysis of climate change. The present study analyzes the economic impact of a potential disintegration of the Greenland Ice Sheet (GIS). The method is to combine a small geophysical model...
Main Author: | |
---|---|
Format: | Report |
Language: | unknown |
Subjects: | |
Online Access: | https://cowles.yale.edu/sites/default/files/files/pub/d21/d2130.pdf |
id |
ftrepec:oai:RePEc:cwl:cwldpp:2130 |
---|---|
record_format |
openpolar |
spelling |
ftrepec:oai:RePEc:cwl:cwldpp:2130 2024-04-14T08:12:21+00:00 Global Melting" The Economics of Disintegration of the Greenland Ice Sheet William D. Nordhaus https://cowles.yale.edu/sites/default/files/files/pub/d21/d2130.pdf unknown https://cowles.yale.edu/sites/default/files/files/pub/d21/d2130.pdf preprint ftrepec 2024-03-19T10:40:06Z Concerns about the impact on large-scale earth systems have taken center stage in the scientific and economic analysis of climate change. The present study analyzes the economic impact of a potential disintegration of the Greenland Ice Sheet (GIS). The method is to combine a small geophysical model of the GIS with the DICE integrated assessment model. The result shows that the GIS is likely to disappear over the next millennium or so without climate policy, but an active climate policy may prevent the GIS from crossing the threshold of irreversibility. Additionally, the study estimates the impact of the GIS on the social cost of carbon (SCC) and finds that adding GIS dynamics would add less than 5% to the SCC under alternative discount rates and estimates of the GIS dynamics. Simulations of geo-engineering options indicate that the dynamics of disintegration and rebuilding are extremely asymmetric, implying that GIS disintegration should be treated as irreversible. Climate change, Environment, Ice sheets, DICE model Report Greenland Ice Sheet RePEc (Research Papers in Economics) Greenland |
institution |
Open Polar |
collection |
RePEc (Research Papers in Economics) |
op_collection_id |
ftrepec |
language |
unknown |
description |
Concerns about the impact on large-scale earth systems have taken center stage in the scientific and economic analysis of climate change. The present study analyzes the economic impact of a potential disintegration of the Greenland Ice Sheet (GIS). The method is to combine a small geophysical model of the GIS with the DICE integrated assessment model. The result shows that the GIS is likely to disappear over the next millennium or so without climate policy, but an active climate policy may prevent the GIS from crossing the threshold of irreversibility. Additionally, the study estimates the impact of the GIS on the social cost of carbon (SCC) and finds that adding GIS dynamics would add less than 5% to the SCC under alternative discount rates and estimates of the GIS dynamics. Simulations of geo-engineering options indicate that the dynamics of disintegration and rebuilding are extremely asymmetric, implying that GIS disintegration should be treated as irreversible. Climate change, Environment, Ice sheets, DICE model |
format |
Report |
author |
William D. Nordhaus |
spellingShingle |
William D. Nordhaus Global Melting" The Economics of Disintegration of the Greenland Ice Sheet |
author_facet |
William D. Nordhaus |
author_sort |
William D. Nordhaus |
title |
Global Melting" The Economics of Disintegration of the Greenland Ice Sheet |
title_short |
Global Melting" The Economics of Disintegration of the Greenland Ice Sheet |
title_full |
Global Melting" The Economics of Disintegration of the Greenland Ice Sheet |
title_fullStr |
Global Melting" The Economics of Disintegration of the Greenland Ice Sheet |
title_full_unstemmed |
Global Melting" The Economics of Disintegration of the Greenland Ice Sheet |
title_sort |
global melting" the economics of disintegration of the greenland ice sheet |
url |
https://cowles.yale.edu/sites/default/files/files/pub/d21/d2130.pdf |
geographic |
Greenland |
geographic_facet |
Greenland |
genre |
Greenland Ice Sheet |
genre_facet |
Greenland Ice Sheet |
op_relation |
https://cowles.yale.edu/sites/default/files/files/pub/d21/d2130.pdf |
_version_ |
1796310157472301056 |