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Study: Accounting for value of nature reinforces Paris climate targets A new study in Nature Sustainability incorporates the damages that climate change does to healthy ecosystems into standard climate-economics models. The key finding in the study by Bernardo Bastien-Olvera and Frances Moore from the University of California at Davis: The models have been underestimating the cost of climate damages to society by a factor of more than five. Their study concludes that the most cost-effective emissions pathway results in just 1.5 degrees Celsius (2.7 degrees Fahrenheit) additional global warming by 2100, consistent with the “aspirational” objective of the 2015 Paris Climate Agreement. Models that combine climate science and economics, called “integrated assessment models” (IAMs), are critical tools in developing and implementing climate policies and regulations. In 2010, an Obama administration governmental interagency working group used IAMs to establish the social cost o

United statesFrance generalNoah kaufmanBernardo bastien olveraGary yoheWilliam nordhausFrances mooreInteragency working groupUniversity of california at davisNobel prize in economic sciencesColumbia universityWesleyan universityYale climateNature sustainabilityExecutive ordersPresident biden