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ESD | Articles | Volume 10, issue 4
Earth Syst. Dynam., 10, 741–763, 2019
https://doi.org/10.5194/esd-10-741-2019
© Author(s) 2019. This work is distributed under
the Creative Commons Attribution 4.0 License.
Earth Syst. Dynam., 10, 741–763, 2019
https://doi.org/10.5194/esd-10-741-2019
© Author(s) 2019. This work is distributed under
the Creative Commons Attribution 4.0 License.

Research article 18 Nov 2019

Research article | 18 Nov 2019

The economically optimal warming limit of the planet

Falko Ueckerdt et al.
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Anthoff, D. and Tol, R. S.: The Climate Framework for Uncertainty, Negotiation and Distribution (FUND), Technical Description, version 3.9, available at: http://www.fund-model.org/files/documentation/Fund-3-9-Scientific-Documentation.pdf (last access: 1 November 2019), 2014. 
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Barreca, A., Clay, K., Deschenes, O., Greenstone, M., and Shapiro, J. S.: Adapting to Climate Change: The Remarkable Decline in the US Temperature-Mortality Relationship over the Twentieth Century, J. Polit. Econ., 124, 105–159, https://doi.org/10.1086/684582, 2016. 
Bastien-Olvera, B. A.: Business-as-usual redefined: Energy systems under climate-damaged economies warrant review of nationally determined contributions, Energy, 170, 862–868, https://doi.org/10.1016/j.energy.2018.12.205, 2019. 
Bertram, C., Luderer, G., Pietzcker, R. C., Schmid, E., Kriegler, E., and Edenhofer, O.: Complementing carbon prices with technology policies to keep climate targets within reach, Nat. Clim. Change, 5, 235–239, https://doi.org/10.1038/nclimate2514, 2015. 
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We compute the global mean temperature increase at which the costs from climate-change damages and climate-change mitigation are minimal. This temperature is computed robustly around 2 degrees of global warming across a wide range of normative assumptions on the valuation of future welfare and inequality aversion.
We compute the global mean temperature increase at which the costs from climate-change damages...
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