https://www.tandfonline.com/doi/full/10.1080/14747731.2020.1807856
"Forecasts by economists of the economic damage from climate change have
been notably sanguine, compared to warnings by scientists about damage
to the biosphere. This is because economists made their own predictions
of damages, using three spurious methods: assuming that about 90% of GDP
will be unaffected by climate change, because it happens indoors; using
the relationship between temperature and GDP today as a proxy for the
impact of global warming over time; and using surveys that diluted
extreme warnings from scientists with optimistic expectations from
economists. Nordhaus has misrepresented the scientific literature to
justify the using a smooth function to describe the damage to GDP from
climate change. Correcting for these errors makes it feasible that the
economic damages from climate change are at least an order of magnitude
worse than forecast by economists, and may be so great as to threaten
the survival of human civilization."
Via
libramoon@pluspora.com.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
