This system doesn’t just hurt researchers. It undermines collaboration, distorts project design, and weakens Aotearoa’s ability to compete globally. It’s a funding model that rewards cost-cutting over curiosity.
In Aotearoa New Zealand, research grants don’t just fund research. They also pay for buildings, admin, IT, and even profit margins. That’s because institutions rely heavily on indirect cost recovery – aka “overheads” – to stay afloat 🧪🧵
This gem from the SI "validating" DICE is my favorite bit (though it's probably not the most important issue with the study -- as per usual the devil is in the damage function/discounting...)
Thanks for sharing! I feel as though we, as a scientific community, probably need to do more to push back on the (crazy!!) assumptions about the climate that underly economic modeling. Nordhaus's estimate of the costs of melting Greenland probably warrants a comment, too... doi.org/10.1073/pnas...
💯 this paper crystalized for me that many (most?) economists have two fundamental misunderstandings about climate change: the idea that GMST rise *causes* regional changes in Earth's climate system (!) and the idea that historical relationship between GMST and GDP will hold in the future
