According to an international study featuring CMCC scientists, the true economic damage of climate change has been vastly underestimated – because the ocean has been left out of the equation. By integrating the latest ocean science into climate-economic models, researchers found that accounting for climate impacts on marine ecosystems and ocean-dependent infrastructure nearly doubles the social cost of carbon. The hidden ocean cost is estimated at $48 per tonne of CO₂, a figure they say should be added to current policy calculations. A new paper involving CMCC scientists Francesco Granella,…
Read MoreTHE HIDDEN OCEAN COST OF CARBON: WHY CLIMATE DAMAGE IS NEARLY TWICE AS HIGH AS WE THOUGHT
