Celebrating humanity's flourishing through the spread of capitalism and the rule of law
30 Jul 2017 Leave a comment
in applied welfare economics, climate change, economic growth, energy economics, environmental economics, global warming
The global reduction in the level of GDP between now and 2060 is estimated to range between 0.6% and 4.4% if nothing is done. In the case of developing countries undergoing growth miracles, we are all talking about 6 months GDP growth! Russia and Canada will be overrun by tourists in the event of runaway climate change.
Source: The Economic Consequences of Climate Change The damages from selected climate change impacts to 2060 DOI:http://dx.doi.org/10.1787/9789264235410-5-en
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