ALBERT

Description: Economic assessments of the potential future risks of climate change have been omitting or grossly underestimating many of the most serious consequences for lives and livelihoods because these risks are difficult to quantify precisely and lie outside of human experience. Political and business leaders need to understand the scale of these missing risks because they could have drastic and potentially catastrophic impacts on citizens, communities and companies. Scientists are growing in confidence about the evidence for the largest potential impacts of climate change and the rising probability that major thresholds in the Earths climate system will be breached as global mean surface temperature rises, particularly if warming exceeds 2C above the pre-industrial level. These impacts include: (1) Destabilisation of ice sheets and glaciers and consequent sea level rise. (2) Stronger tropical cyclones. (3) Extreme heat impacts. (4) More frequent and intense floods and droughts. (5) Disruptions to oceanic and atmospheric circulation. (6) Destruction of biodiversity and collapse of ecosystems. Many of these impacts will grow and occur concurrently across the world as global temperature climbs. Some of these impacts involve thresholds in the climate system beyond which major impacts accelerate, or become irreversible and unstoppable. When a threshold is breached, it might cause one or more other thresholds to be exceeded as well, leading to a cascade of impacts. Many of these impacts could exceed the capacity of human populations to adapt, and would significantly affect and disrupt the lives and livelihoods of hundreds of millions, if not billions, of people worldwide. These impacts would also undermine economic growth and development, exacerbate poverty and destabilise communities. Economic assessments fail to take account of the potential for large concurrent impacts across the world that would cause mass migration, displacement and conflict, with huge loss of life. Economic assessments that are expressed solely in terms of effects on output (e.g. gross domestic product), or that only extrapolate from past experience, or that use inappropriate discounting, do not provide a clear indication of the potential risks to lives and livelihoods. It is likely that there are additional risks that we are not yet anticipating simply because scientists have not yet detected their possibility, as we have entered a period of climate change that is unprecedented in human history. Some advances are being made in improving economic assessments of climate change impacts but much more progress is required if assessments are to offer reliable guidance for political and business leaders on the biggest risks. The lack of firm quantifications is not a reason to ignore these risks, and when the missing risks are taken into account, the case for strong and urgent action to reduce greenhouse gas emissions becomes even more compelling.

Description: Carbon dioxide removal (CDR) from the atmosphere has been proposed as a measure for mitigating global warming and ocean acidification. To assess the extent to which CDR might eliminate the long-term consequences of anthropogenic CO2 emissions in the marine environment, we simulate the effect of two massive CDR interventions with CO2 extraction rates of 5 GtC yr(-1) and 25 GtC yr(-1), respectively, while CO2 emissions follow the extended RCP8.5 pathway. We falsify two hypotheses: the first being that CDR can restore pre-industrial conditions in the ocean by reducing the atmospheric CO2 concentration back to its pre-industrial level, and the second being that high CO2 emissions rates (RCP8.5) followed by CDR have long-term oceanic consequences that are similar to those of low emissions rates (RCP2.6). Focusing on pH, temperature and dissolved oxygen, we find that even after several centuries of CDR deployment, past CO2 emissions would leave a substantial legacy in the marine environment.