In the second of his two talks at CCRC, Thomas will present his work on incorporating climate tipping points into dynamic integrated assessment models. The focus will be on calibrating properties of individual tipping elements and on the Markovian formulation of their dynamic processes. Thomas will present how risks of triggering tipping  processes are managed optimally and discuss the implications for climate policy.

Brief Biography: Thomas studied Economics at the University of Maastricht and the University of California, San Diego. He Holds a doctorate in Economics from the University of Kiel. Prior to joining RWTH Aachen University in 2016 as Professor of Economics, he was a research economist at the Kiel Institute for the World Economy, 2007-2010, a post-doctoral research associate at the University of Zurich, 2010-2016 and a visiting scholar at the Hoover Institution at Stanford University, 2012. His current research focuses on developing integrated assessment models and the analysis of climate policies in face of economic and climate risks.