Thursday, March 12, 2015

Recent studies into the economic impacts of climate change find the positives to be increasing and the negatives to be decreasing

See Global Warming: Good for Bad and Bad for Good? by Paul C. "Chip" Knappenberger and Patrick J. Michaels of Cato. Excerpts:
"But what may come as a surprise is that according to U.K. economist Richard Tol, recent studies into the economic impacts of climate change find the positives to be increasing and the negatives to be decreasing.
Tol writes:
Since 2009, however, more estimates of the economic impact of climate change have been published…The new trend shows positive impacts for warming up to about two degrees global warming, just like the old trend did. The new trend, however, shows markedly less negative impacts for more profound warming than did the old trend. In other words, in the last five years, we have become less pessimistic about the impacts of climate change.
Couple this result with the bevy of new scientific findings indicating the future climate change is likely to be on the low side of climate model projections and we have some good news about climate change’s impact on something that we all like—money!"

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