Forecasting the Economic Impact of a Changing Climate (arstechnica.com)

An anonymous reader writes: Academic research has been busily trying to pin down how a changing climate will affect our planet over the long- and short-term. But a new study in the journal Nature attempts to forecast not the changes in weather, but the changes in our economy as a result of climate change. "The study (abstract) finds that climate change can be expected to reshape the global economy by reducing average global incomes roughly 23 percent by the year 2100. This study is important because it solves a problem that has existed in prior models of climate change effects on economics: discrepancies between macro and micro level observations." Notably, the paper provides evidence that regional economies can be linked to global climate effects. "This modeling allowed them to examine whether country-specific deviations from growth trends were related to country-specific differences in temperature and precipitation trends, while accounting for any global shifts that would be experienced to affect all countries."

Comments

23% more taxes?

[xxxJonBoyxxx]

>> climate change can be expected to reshape the global economy by reducing average global incomes roughly 23 percent by the year 2100

OK, I can see my taxes easily going up 23% in the next 2100, but how else will my income be reduced?

Re:Enough Already

[Anonymous Coward]

They forecast extremely accurately, but it is the Republicans that hate us an want us to die that screw-up those predictions by acting irrationally. That is the way of their kind. That is how they be.