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ABC News: Are economists globally understating or overstating the cost of climate change?

Dr Kamiar Mohaddes, University Senior Lecturer in Economics & Policy at Cambridge Judge Business School, comments on his study on how global GDP will decline as a result of business-as-usual carbon emissions. The study suggests that at least 7 per cent of global GDP will disappear by 2100. “In fact allowing for temperature increases to affect the variability of temperature shocks, they show that the estimated GDP per capita losses would almost double at the global level to over 13 per cent, with the income losses being more than 16 per cent for Australia and the United States,” Dr Mohaddes explains.

Read the full article [abc.net.au]