At this point we have had 1C of warming, and the economic effects have been minimal. The most aggressive IPCC model shows another 1C by 2050. So that's double

At this point we have had 1C of warming, and the economic effects have been minimal. The most aggressive IPCC model shows another 1C by 2050. So that's double the warming. What will the economic damage be? Probably more than 2x, but almost certainly not 100x, which is what it would take to have a meaningful impact on the economy. This is why the market isn't worried about it.