In 2024, Nature published “The Economic Commitment of Climate Change,” by Kotz et al. (KLW24). A press release accompanying the paper’s publication announced that it projected enormous future GDP losses due to climate change, much more than almost all other studies -
ROGER PIELKE JR.Even if CO2 emissions were to be drastically cut down starting today, the world economy is already committed to an income reduction of 19% until 2050 due to climate change, a new study published in “Nature” finds. These damages are six times larger than the mitigation costs needed to limit global warming to two degrees.
The paper’s extreme results got a lot of attention — According to
CarbonBrief, in all of 2024, KLW24 was the
second most mentioned climate paper in the media...
- We now know, however, that KLW24 and its application in policy by the NGFS and others are fatally flawed.
- Today, I discuss these flaws and their broader implications for climate research and policy.¹...
No comments:
Post a Comment