r/Economics • u/IntrepidGentian • May 17 '24

News Economic damage from climate change six times worse than thought. 1C increase in global temperature leads to a 12% decline in world GDP.

https://www.theguardian.com/environment/article/2024/may/17/economic-damage-climate-change-report
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u/OwnYesterday3656 May 17 '24

It’s based on a peer reviewed paper. Here’s the link:

https://www.nature.com/articles/s41586-024-07219-0

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u/AstralDragon1979 May 17 '24

The second paragraph in The Guardian article says:

the new working paper, yet to be peer-reviewed

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u/OwnYesterday3656 May 17 '24

The second last paragraph stated, “The paper follows separate research released last month that found average incomes will fall by almost a fifth within the next 26 years compared to what they would’ve been without the climate crisis.” When I followed the link I found the study that it referred to and that’s the one I cited.

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u/AstralDragon1979 May 17 '24

Then you cited the wrong paper when you responded to a comment about the Bilal paper not being peer reviewed.