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The estimates I've seen mostly suggest damages in the range of 0.5-10% of GDP https://www.brookings.edu/research/ten-facts-about-the-economics-of-climate-change
by rodonn 6y ago
The estimates I've seen mostly suggest damages in the range of 0.5-10% of GDP https://www.brookings.edu/research/ten-facts-about-the-economics-of-climate-change-and-climate-policy/ https://www.brookings.edu/research/ten-facts-about-the-econo...
Here's a quote from the IPCC consensus report: "For most economic sectors, the impact of climate change will be small relative to the impacts of other drivers (medium evidence, high agreement). Changes in population, age, income, technology, relative prices, lifestyle, regulation, governance, and many other aspects of socioeconomic development will have an impact on the supply and demand of economic goods and services that is large relative to the impact of climate change." https://www.ipcc.ch/site/assets/uploads/2018/02/WGIIAR5-Chap10_FINAL.pdf https://www.ipcc.ch/site/assets/uploads/2018/02/WGIIAR5-Chap...
Another IPCC quote:
"Under the no-policy baseline scenario, temperature rises by 3.66°C by 2100, resulting in a global gross domestic product (GDP) loss of 2.6% (5–95% percentile range 0.5–8.2%), compared with 0.3% (0.1–0.5%) by 2100 under the 1.5°C scenario and 0.5% (0.1–1.0%) in the 2°C scenario."
https://www.ipcc.ch/site/assets/uploads/2018/02/WGIIAR5-Chap10_FINAL.pdf https://www.ipcc.ch/site/assets/uploads/2018/02/WGIIAR5-Chap...
- davidhbolton 6y agoI call b*llshit on these claims. Where is the extraordinary evidence for extraordinary claims? It isn't there. 20 years ago people were saying it'll be all over by 2010. Kyoto did nothing. Computer models don't tell half the story.