CBO’s Projection of the Effect of Climate Change on U.S. Economic Output: Working Paper 2020-06
Evan Herrnstadt and
Terry Dinan
No 56505, Working Papers from Congressional Budget Office
Abstract:
As part of its long-term economic forecast, the Congressional Budget Office projects the effect of climate change on the growth of U.S. real gross domestic product (GDP). CBO projects that climate change will, on net, reduce average annual real GDP growth by 0.03 percentage points from 2020 to 2050, relative to growth that would occur under the climatic conditions that prevailed at the end of the 20th century.That annual growth differential accumulates to a 1.0 percent reduction in the projected level of real GDP in 2050. Of that 1.0 percent reduction,
JEL-codes: Q54 (search for similar items in EconPapers)
Date: 2020-09-21
New Economics Papers: this item is included in nep-env
References: Add references at CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
https://www.cbo.gov/system/files/2020-09/56505-Climate-Change.pdf (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:cbo:wpaper:56505
Access Statistics for this paper
More papers in Working Papers from Congressional Budget Office Contact information at EDIRC.
Bibliographic data for series maintained by (communications@cbo.gov).