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PIK_climate (pik_climate@wisskomm.social)'s status on Thursday, 21-Dec-2023 03:11:52 JST PIK_climate

Intense tropical #cyclones have the power to slow down the economic development of a country for more than a decade, a study by PIK scientists shows. They analysed economic damages caused by storms in 41 countries (1981-2015).
Since long-term effects of extreme events are not taken into account so far, current Social Cost of Carbon estimates only reflect a part of the actual costs, they conclude: https://www.pik-potsdam.de/en/news/latest-news/a-fifth-higher-tropical-cyclones-substantially-raise-the-social-cost-of-carbon
In conversation Thursday, 21-Dec-2023 03:11:52 JST from wisskomm.social permalink
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  A fifth higher: Tropical cyclones substantially raise the Social Cost of Carbon
  
  11/23/2023 - Extreme events like tropical cyclones have immediate impacts, but also long-term implications for societies. A new study published in the journal Nature Communications now finds: Accounting for the long-term impacts of these storms raises the global Social Cost of Carbon by more than 20 percent, compared to the estimates currently used for policy evaluations. This increase is mainly driven by the projected rise of tropical-cyclone damages to the major economies of India, USA, China, Taiwan, and Japan under global warming.
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