Posted on 12/03/2025 6:38:56 AM PST by Oldeconomybuyer
The authors of a study that examined climate change’s potential effect on the global economy said Wednesday that data errors led them to slightly overstate an expected drop in income over the next 25 years.
The researchers at Germany’s Potsdam Institute for Climate Impact Research, writing in the journal Nature in 2024, had forecast a 19% drop in global income by 2050. Their revised analysis puts the figure at 17%.
The authors also said in their original work that there was a 99% chance that, by midcentury, it would cost more to fix damage from climate change than it would cost to build resilience. Their new analysis, not yet peer-reviewed, lowered that figure to 91%.
The researchers cited data inaccuracies in the first paper, particularly with underlying economic data for Uzbekistan between 1995 and 1999 that had a large influence on the results, and that their analysis had underestimated statistical uncertainty.
(Excerpt) Read more at apnews.com ...
Is there anything that climate change can’t do?!
Wow this is next level BS. AP really sets the bar
“Researchers slightly lower study’s estimate of drop in global income due to climate change”
so, more angels can dance on the head of a pin than they originally thought ... good to know for future bar bets ...
Here we go again…I’m certain climate change causes excess ear wax and dandruff too.
What an idiotic waste of money.
What I want to see is a study on the increase of people eating their buggers due to climate change.
No its legitimate and probably under estimated. If the EU implements zero emissions standards, they can expect a massive loss in income.
Yes if you look at it that way. To be accurate, a loss of wealth is due to the reaction to the hoax
I am really sick of the stupidity. And yet, people fall for it. Stupidity on top of stupidity.
Experts got it wrong. Ain’t that a bitch.
What absolute BS. Who funds these chicken-Little dimwits???
Well, this is about as ridiculous as it sounds. Global income=global warming. That’s like comparing oranges to onions.
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