Using computer simulations of a model by US Nobel Laureate William Nordhaus, researchers weight climate damages from, for instance, increasing weather extremes or decreasing labor productivity against the costs of cutting greenhouse gas emission by phasing out coal and oil. Interestingly, the economically most cost-efficient level of global warming turns out to be the one more than 190 nations signed as the Paris Climate Agreement. So far however, CO2 reductions promised by nations worldwide are insufficient to reach this goal.
