...Kevin R. Kaushal; Ståle Navrud Climate change will have a major negative impact on global biodiversity. Our review of integrated assessment models (IAMs) show that biodiversity damage costs are not included or incompletely captured. We provide improved damage cost estimates of species loss based...

... discuss the value of and method by which to modify social-cost integrated assessment models (SC-IAMs), like Nordhaus' Dynamic Integrated Climate Economy. As it is critical that climate policy include these risks to the stability of the climate舑economy system, we conclude with a research agenda...