New study assesses two ways of pricing climate change costs
Researchers compared two methods for assigning a monetary value to climate change damage. One measures whether warming made extreme weather such as hurricanes more likely, the other whether it made such events more intense and destructive.
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What happened
A new study assesses two approaches to putting a price on climate change. One asks whether climate change made an event more likely, while the other asks whether it made an event more severe and damaging.
Why it matters
Pricing the costs of climate change is described as difficult, and the question covers extreme weather such as hurricanes.
Coverage
- The ambiguous costs of climate change (phys.org)
- The Ambiguous Costs of Climate Change (eos.org)
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