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Flawed Economic Models on Global Warming Risks

https://www.theguardian.com/environment/2026/feb/05/flawed-economic-models-mean-climate-crisis-could-crash-global-economy-experts-warn

Interesting article regarding how the economic risks of Global Warming are being assessed. Note this is not saying the physical risks are increasing, it is that the economic impact of a consequences event are not being properly analysed. It is the classic high risk / low consequences versus low risk / high consequences event. Whether you think a high consequence event is likely to happen that Government's, Bank's, etc are failing to examine those consequences is extremely concerning.
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I certainly believe that anthropogenic emissions of GHGs is warming the planet. But I have no confidence in the the social cost of carbon estimates employed by the USA which is based on climate models including the 2022 updated model used by EPA. I’m an economist. I’d like to believe them, but they are so crude as to be misleading.