EESC 1174 Lecture Notes - Lecture 12: Loss Aversion, Sea Level Rise, Ocean Acidification
20 Jun 2016
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Document Summary
Human beings are now carrying out a large scale geophysical experiment that could only. Deep uncertainty: how sensitive is the climate to co2, not sure if we will cross tipping points, not exactly sure how the economy will respond to climate change, not sure how the market can find alternative energy solutions. There is also some deep certainty: more co2 = warming changing rainfall, sea level rising, more ocean acidification. A. 1. impacts and costs rise with each degree the biggest uncertainty over how temperatures will rise is if/when policy action starts. Analogy: we re on a ship approaching an iceberg in the fog. 48 million dollar federal grant to move 60 people. E. 1. massive super complicated issue: world is not thinking about this too clearly ocean acidification, sea level rise, shifting agriculture region shifting. 2% more money for a lot of environmental risk.
