The World Is Dangerously Lowballing The Economic Cost Of Climate Change, Study Finds
Leading global forecasts widely underestimate the future costs of climate change, a new paper warns. The findings, to be released Monday in the Review of Environmental Economics and Policy, say projections used by the United Nations Intergovernmental Panel on Climate Change rely on outdated models and fail to account for “tipping points” ― key moments when global warming rapidly speeds up and becomes irreversible.
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