Tipping Cascades, Social-Ecological Systems, and the Hottest Year in History
Climate Change Economics and the Exponential Costs to Society

by Daniel Brouse
January 9, 2024

About the Age of Loss and Damage

Human induced climate change is an exponential component of an unordered system (chaos theory). That means global warming is accelerating at a rapid rate in a complex way.

Unfortunately, even scientists are failing to see (let alone forecast) the rapid acceleration in climate change. Due to their complexity, the impacts of the Domino Effect are being underestimated. Tipping points are Critical Milestones that directly impact the rate of acceleration in climate change by multiplying the number and intensity of feedback loops. The Domino Effect is also known as "tipping cascades" in climate science. Cascading impacts in relation to tipping points include cascading impacts across biogeophysical and social systems. Until recently, scientist have been drastically underestimating the social-ecological systems. The University of Exeter reports, "There is a notable lack of topic clusters dedicated to how humans will be impacted by climate-related tipping cascades."

The Age of Loss and Damage is a new way of thinking about economics by combining economics, climate science, statistics, and physics. Until now, economic models have been unfit to capture the full extent of climate damage. Traditionally, "integrated assessment models" (IAMs) were used to forecast "shock" events. IAMs use "quadratic function" to calculate GDP losses by squaring the temperature change, yet ignore other methods (such as the exponential function) that are better suited for rapid change. "Climate change is fundamentally different to other shocks because once it has hit, it doesn't go away," said Thierry Philipponnat, author of a report by Finance Watch, a Brussels-based public interest NGO on financial issues. "And if the fundamental assumption is flawed, all the rest makes little sense -- if any."

Reuters reported, "Critics say this (IAMs) choice is doomed to underplay the likely impact - particularly if the planet hits environmental tipping points in which damage is not only irreversible but happens at an ever-accelerating rate." Thierry Philipponnat's report, Finance in a Hot House World, concludes: "Climate risk is growing to disruptive levels throughout the financial system and the guardians of financial stability urgently need to adapt their tools to regain control." The report calls for economic models that do not mislead, scenario analyses that prepare the market, and a new prudential tool to address the build-up of systemic climate risk.

Traditional economics is based upon the "costs and benefits" to society. Since there are no known long-term benefits of climate change to society, the Age of Loss and Damage economics focuses on the exponential costs of climate change to society.

2023 Record Anomalies

2023: The Hottest Year in Human History
2023 was a wake-up call to both biogeophysical and social-ecological scientists. The record breaking physical and economical impacts could be felt worldwide. The record warming year was seventeen times greater than any other record increase in history. Typically record breaking temperatures are measured in 100th degrees. There were also 200 consecutive days of record breaking temperatures. Typically there are one or two record breaking days in row. The graphic shows how far out of skew the 2023 anomalies are compared to the previous record set in 2016. The increase in intensity and frequency of record breaking heat requires forecasting models to be recast.

2023 Biogeophysical Records

Global temperatures reached exceptionally high levels in 2023. The Copernicus Climate Change Service (C3S), implemented by the European Centre for Medium-Range Weather Forecasts on behalf of the European Commission with funding from the EU, monitored several key climate indicators throughout the year, reporting on record-breaking conditions such as the hottest month on record and daily global temperature averages briefly surpassing pre-industrial levels by more than 2C. Unprecedented global temperatures from June onwards led 2023 to become the warmest year on record – overtaking by a large margin 2016, the previous warmest year.

2023 Social-Ecological Records

NOAA: A historic year of U.S. billion-dollar weather and climate disasters

In 2023, the U.S. experienced 28 separate weather and climate disasters costing at least 1 billion dollars. That number puts 2023 into first place for the highest number of billion-dollar disasters in a calendar year and included:

2023 was also deadly, causing at least 492 direct or indirect fatalities -- the 8th most disaster-related fatalities for the contiguous U.S. since 1980.

* Our climate model employs chaos theory to comprehensively consider human impacts and projects a potential global average temperature increase of 9 degrees Celsius above pre-industrial levels.

What Can I Do?
There are numerous actions you can take to contribute to saving the planet. Each person bears the responsibility to minimize pollution, discontinue the use of fossil fuels, reduce consumption, and foster a culture of love and care. Be a butterfly and affect the world. The Butterfly Effect illustrates that a small change in one area can lead to significant alterations in conditions anywhere on the globe. Hence, the frequently heard statement that a butterfly in China can cause a hurricane in the Atlantic.
Here is a list of additional actions you can take.

How is All Real Estate at Risk From Climate Change?

The Age of Loss and Damage

Climate Change: Rate of Acceleration

Climate Change: How Long Is "Ever"?

The Human Induced Climate Change Experiment

The Philadelphia Spirit Experiment Publishing Company
These graphics, images, text copy, sights or sounds may not be used without our expressed written consent.