Simon Evans: This terrifying new study from @pik-potsdam.bsky.social shows the world is "committed" to losing 19% of average incomes by 2050, as a result of climate change Crucially though, it says we can avoid far higher losses by 2100 if we take strong climate action www.nature.com/articles/s41...

This terrifying new study from @pik-potsdam.bsky.social shows the world is "committed" to losing 19% of average incomes by 2050, as a result of climate change Crucially though, it says we can avoid far higher losses by 2100 if we take strong climate action www.nature.com/articles/s41...

bsky.app/profile/mjam...

Even more concerning (as @leoniewenz.bsky.social says here), this estimate is likely a lower bound www.theguardian.com/environment/...

Climate crisis: average world incomes to drop by nearly a fifth by 2050www.theguardian.com Cost of environmental damage will be six times higher than price of limiting global heating to 2C, study finds

I'd be really interested in reading a commentary from climate scientists & econometrics experts about whether the data set equating historical economic impacts with climate is applicable for this type of forecast (that was my layperson's interpretation of the methodology, based on quick scan)

you should indeed be terrified if you make that prediction knowing that you won't retire before that time

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