Models ‘grossly underestimate’ costs of global warming, Nicholas Stern says

Posted on 16 Jun 2014 in In the news

Existing economic models “grossly underestimate” the costs of global warming, undermining the urgency for deep cuts in greenhouse gas emissions, according to a new paper by leading UK climate change economist Lord Nicholas Stern.
The Sydney Morning Herald

http://www.smh.com.au/environment/climate-change/models-grossly-underestimate-costs-of-global-warming-nicholas-stern-says-20140616-zs8tr.html