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Their wordsThird, climate policy is staggeringly expensive and accomplishes remarkably little. The world has already spent more than $16 trillion on climate measures, with promises of hundreds of trillions more. Yet a landmark study in Science examined 1,500 climate policies across 41 countries over two decades and found that only 4% meaningfully cut emissions.
Their wordsWe are warned that rising seas could displace 187 million people, a figure that assumes humanity does nothing for an entire century. Once you account for the seawalls and adaptation that people obviously undertake, that estimate of displacement turns out to be overstated 600-fold or more.
Our reading
Unchecked warming is expected to cost between 2% and 3% of global GDP by the end of the century.
Their wordsBut the best climate economists consistently estimate that unchecked warming will cost 2% to 3% of global GDP by the end of the century.
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