The 3°C Scenario: What’s the economic impact of severe global warming? James Pethokoukis writes at his substack. Excerpts in italics with my bolds and added images.
Even with an extreme scenario, the world should be richer and more capable in 2050
You may have noticed some concerning climate headlines popping up today in your smartphone notifications:
- “‘Sounding the alarm’: World on track to breach a critical warming threshold in the next five years” – CNN
- “Global warming likely to exceed 1.5C within five years, says weather agency” – Financial Times
- “Global warming set to break key 1.5C limit for first time” – BBC
As the above FT chart neatly shows, the newsy forecast is about breaching the 1.5°C level in a single year, not a permanent increase. That said, the UN’s Intergovernmental Panel on Climate Change says humanity better get used to 1.5° and higher without a drastic shift away…
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Utopia, you are standing in it! 
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