Approximate calculations of the net economic impact of global warming mitigation targets under heightened damage estimates.

ABSTRACT: Efforts to mitigate global warming are often justified through calculations of the economic damages that may occur absent mitigation. The earliest such damage estimates were speculative mathematical representations, but some more recent studies provide empirical estimates of damages on economic growth that accumulate over time and result in larger damages than those estimated previously. These heightened damage estimates have been used to suggest that limiting global warming this century to 1.5 °C avoids tens of trillions of 2010 US$ in damage to gross world product relative to limiting global warming to 2.0 °C. However, in order to estimate the net effect on gross world product, mitigation costs associated with decarbonizing the world's energy systems must be subtracted from the benefits

SUBMITTER: Brown PT 

PROVIDER: S-EPMC7540901 | biostudies-literature | 2020

REPOSITORIES: biostudies-literature