Comment It's very difficult to estimate the copula (Score 1) 118
between climate variables. How do you estimate the amount that the estimate of sea level rise will vary with the estimate of the rise in temperature?
It's a typical area where estimate like this can be wrong, and mischaracterize the true uncertainty with a random variable. It's one of the reasons the true risk associate with mortgage backed securities were underestimated prior to 2008.
It's no surprising the climate effects are also underestimated.