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The high cost of climate change
https://earth.stanford.edu/news/high-cost-climate-change[font face=Serif][font size=5]The high cost of climate change[/font]
[font size=4]New research finds that without climate change mitigation, even wealthy countries will see an economic downturn by 2100.[/font]
By Laura Seaman
October 21, 2015
[font size=3]When thousands of scientists, economists and policymakers meet in Paris this December to negotiate an international climate treaty, one question will dominate conversations: what is the climate worth?
A new study published in the journal Nature shows that the global economy will take a harder hit from rising temperatures than previously thought, with incomes falling in most countries by the year 2100 if climate change continues unchecked. Rich countries may experience a brief economic uptick, but growth will drop off sharply after temperatures pass a critical heat threshold.
The study is co-authored by Marshall Burke, a professor of Earth system science at Stanford’s School of Earth, Energy and Environmental Sciences; Solomon Hsiang, the Chancellor’s Associate Professor of Public Policy at the University of California, Berkeley; and Edward Miguel, UC Berkeley Oxfam Professor in Environmental and Resource Economics.
The team’s research provides the clearest picture to date of how climate change will shape the global economy. This has been a critical missing piece for the international climate community leading up to the Paris climate talks. Understanding how much future climate change will cost in terms of global economic losses will help policymakers at the meetings decide how much to invest in emissions reductions today.
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[font size=4]New research finds that without climate change mitigation, even wealthy countries will see an economic downturn by 2100.[/font]
By Laura Seaman
October 21, 2015
[font size=3]When thousands of scientists, economists and policymakers meet in Paris this December to negotiate an international climate treaty, one question will dominate conversations: what is the climate worth?
A new study published in the journal Nature shows that the global economy will take a harder hit from rising temperatures than previously thought, with incomes falling in most countries by the year 2100 if climate change continues unchecked. Rich countries may experience a brief economic uptick, but growth will drop off sharply after temperatures pass a critical heat threshold.
The study is co-authored by Marshall Burke, a professor of Earth system science at Stanford’s School of Earth, Energy and Environmental Sciences; Solomon Hsiang, the Chancellor’s Associate Professor of Public Policy at the University of California, Berkeley; and Edward Miguel, UC Berkeley Oxfam Professor in Environmental and Resource Economics.
The team’s research provides the clearest picture to date of how climate change will shape the global economy. This has been a critical missing piece for the international climate community leading up to the Paris climate talks. Understanding how much future climate change will cost in terms of global economic losses will help policymakers at the meetings decide how much to invest in emissions reductions today.
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5 replies
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= new reply since forum marked as read
There's no way and I mean NO WAY mankind will get to 2100 with a good economy. Resources are running out across the board. Fresh water supplies are expected to run out by 2045, which means they'll be severely stressed in half that time, 15 years from now.
The CO2 we're pumping out today won't show up in the weather for another 30 years, where it will remain for a century after that.
Better figure on some major wars, nothing like any of us have ever known, imagined or read about. Our population needs to top out at about 2 billion worldwide to be sustainable. Do the math. That's a lot of people that won't be around in 2045 when the world's human population is expected to be above 9 billion.
