The Climate in Climate Economics
Presenter
DescriptionIn "The climate in climate economics," Doris Folini et al. derive a set of four computational tests any climate emulator needs to pass to replicate the basic features of fully-fledged climate models so it can be used safely as a "black-box" module in dynamic (stochastic) economic models to compute for instance the social cost of carbon, or optimal carbon taxes. After that, they showcase their developments by recalibrating the DICE-2016 climate emulator and using a highly-scalable deep learning-based solution method to compute the related optimal policies.
TimeWednesday, June 2912:00 - 12:30 CEST
LocationSydney Room
Session Chair
Event Type
Minisymposium
Climate, Weather and Earth Sciences
Humanities and Social Sciences