This activity aims to work with the economics and finance communities to improve the quality and reliability of modelling the economics of climate change. This includes exploring the assumptions and simplifications made in models such as Integrated Assessment Models and economic damage calculations, and seeking new ways of doing this type of modelling. We also aim to broaden the scope of economic measures that are considered, increase the understanding and awareness of climate change economic modelling in the physical climate science community, and increase the awareness of climate phenomena and the latest climate science in other disciplines. This activity touches on pathways, scenario development, and human-climate interactions, the potential for tipping points and regime changes, and quantification of the effects of extreme events on society.
Reports
- Sherwood, S., Thompson, T., Amiot, M., Gruenwald, P., Hegerl, G., Kaveri, M., Lontzek, T., Robinson, M., Schmedders, K. and van der Wel, N. (2024). Coupled Physical, Economic, and Financial Impact Modelling Workshop Report. 20-22 November 2024. WMO Headquarters, Geneva, Switzerland.
- Amiot, M., Gruenwald, P. 2025, S&P Global Ratings Report: Acknowledging Cross-Disciplinary Gaps Can Improve Macroclimate Modeling.
Workshops
- Coupled Physical, Economic, and Financial Impact Modelling Workshop. Geneva, Switzerland. 20-22 November 2024.
