"[...] we find that 1ºC warming reduces world GDP by over 20% in the long run. [...] Business-as-usual warming implies a present welfare loss of more than 30%, and a social cost of carbon in excess of $1,200 per ton." academic.oup.com/qje/article/...
academic.oup.com
Abstract. This article estimates that the macroeconomic damages from climate change are an order of magnitude larger than previously thought. Exploiting na
