Garnaut Review Economic Model

One Comment

  • KeithH wrote:

    Having spent some considerable time in resource economic modelling, one has considerable reservations about the ability of models to do anything other than hopefully highlight the relative importance of key variables but even then only in restrictive cases. The complexity of climate models and the assumptions regarding their construction (boundary conditions, initial conditions, non-linear recursive relationships between variables, etc) combined with the propagation of statistical errors makes the accuracy and value of long term projections highly suspect.

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