Temperature impacts on economic growth warrant stringent mitigation policy
Frances C. Moore () and
Delavane B. Diaz
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Frances C. Moore: Emmett Interdisciplinary Program in Environment and Resources, Stanford University
Delavane B. Diaz: Stanford University
Nature Climate Change, 2015, vol. 5, issue 2, 127-131
Abstract:
Integrated assessment models estimate the impact of climate change on current economic output, but not on its rate of growth. This study modifies a standard integrated assessment model to allow climate change to directly affect gross GDP growth rates. Results show that climate change significantly slows down GDP growth in poor regions but not in rich countries, with implications for the level of near-term mitigation.
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:nat:natcli:v:5:y:2015:i:2:d:10.1038_nclimate2481
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DOI: 10.1038/nclimate2481
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