Raoul_Luke
"Wait, it's all Marxism?" "Always has been."
The study is unique in that it finds higher potential costs from climate change, particularly in the industrial world, compared with past research. For example, the study found that continued temperature increases of about 0.072 degrees per year (0.04 Celsius) under a roughly “business as usual," or high-emissions, scenario would yield a 7.2 percent cut to GDP per capita worldwide by 2100. (This is relative to a world in which countries see temperature increases equal to their 1960 to 2014 rate of change.)
In contrast, if countries were to cut greenhouse gas emissions in line with the Paris climate agreement, then such effects could be limited to closer to a 1.1 percent loss in GDP per capita.
“What our study suggests is that climate change is costly for all countries under the business as usual scenario (no matter whether they are hot or cold, rich or poor), and the United States will be one of the countries that will suffer the most (reflecting sharp increases in U.S. average temperatures by 2100),” study co-author Kamiar Mohaddes, an economist at the University of Cambridge, said via email.
https://www.washingtonpost.com/weat...ld-cost-us-up-percent-its-gdp-by-study-finds/
Wait, what? Isn't this the same left whose "high priest" of economics, Paul Krugman, recently suggested that an invasion by space aliens would be a BOOST to GDP??? So which is it, do the costs of dealing with disaster improve or destroy economic conditions? I guess you can have it both ways, as long as you are a two-faced lefty...
In contrast, if countries were to cut greenhouse gas emissions in line with the Paris climate agreement, then such effects could be limited to closer to a 1.1 percent loss in GDP per capita.
“What our study suggests is that climate change is costly for all countries under the business as usual scenario (no matter whether they are hot or cold, rich or poor), and the United States will be one of the countries that will suffer the most (reflecting sharp increases in U.S. average temperatures by 2100),” study co-author Kamiar Mohaddes, an economist at the University of Cambridge, said via email.
https://www.washingtonpost.com/weat...ld-cost-us-up-percent-its-gdp-by-study-finds/
Wait, what? Isn't this the same left whose "high priest" of economics, Paul Krugman, recently suggested that an invasion by space aliens would be a BOOST to GDP??? So which is it, do the costs of dealing with disaster improve or destroy economic conditions? I guess you can have it both ways, as long as you are a two-faced lefty...
