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Business Weekly: US big-hitters back study on climate change economic impact


A study co-authored by Associate Professor Kamiar Mohaddes of Cambridge Judge Business School on the effect of climate change on economic output has been cited by the US Congressional Budget Office (CBO) and in a letter to Federal Reserve Board Chair Jerome Powell by 25 members of Congress.

The study’s analysis “suggests that a persistent increase in average global temperature by 0.04°C per year, in the absence of mitigation policies, reduces world real GDP per capita by more than 7 per cent by 2100.

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